Parent Plus Loan Delinquency and Grad Plus Loan Eligibility

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
shawty18ga
Posts: 470
Joined: Tue Nov 17, 2009 9:49 am

Parent Plus Loan Delinquency and Grad Plus Loan Eligibility

Postby shawty18ga » Mon Mar 08, 2010 5:26 pm

Today I received a call from my dad telling me that he received a call saying that he was delinquent on a ParentPlus loan that he took out for me this year. We both thought it was in deferral, but apparently we didn't take all the necessary steps to defer it. He called and got it deferred, but I am worried that this will affect my eligibility for the GradPlus loans that I will probably need. So will his delinquency on the ParentPlus loan affect my ability to secure the GradPlus loans or won't it?

shawty18ga
Posts: 470
Joined: Tue Nov 17, 2009 9:49 am

Re: Parent Plus Loan Delinquency and Grad Plus Loan Eligibility

Postby shawty18ga » Mon Mar 08, 2010 5:46 pm

Anybody?

User avatar
NancyBotwin
Posts: 1085
Joined: Wed Jun 10, 2009 5:43 pm

Re: Parent Plus Loan Delinquency and Grad Plus Loan Eligibility

Postby NancyBotwin » Tue Mar 09, 2010 3:57 pm

It shouldn't affect your eligibility, no. The Parent PLUS is in his name, not yours. However, if you end up needing a cosigner for the Grad PLUS, his delinquency might be a problem, so I'd ask someone else to cosign.

shawty18ga
Posts: 470
Joined: Tue Nov 17, 2009 9:49 am

Re: Parent Plus Loan Delinquency and Grad Plus Loan Eligibility

Postby shawty18ga » Tue Mar 09, 2010 4:48 pm

Thanks.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 2 guests