A parent applies for a Federal Direct PLUS Loan to help finance their child's education but is denied due to an adverse credit history. Which of the following options is available to the parent to potentially still obtain the PLUS Loan?

Question

BrainForge Quiz · Accepted Answer

C) The parent can obtain an endorser (co-signer) who does not have an adverse credit history.. If denied a PLUS Loan due to adverse credit history, a parent can obtain an endorser (similar to a co-signer) who does not have such a history, or document extenuating circumstances.

A parent applies for a Federal Direct PLUS Loan to help finance their child's education but is denied due to an adverse credit history. Which of the following options is available to the parent to potentially still obtain the PLUS Loan?

✓ Correct Answer: Option C

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