Education Dept. Proposes New PLUS Loan Standards

The U.S. Department of Education is proposing new eligibility requirements for Parent PLUS loans. Under draft regulatory language sent this week to members of the department’s negotiated rule making panel, parents would generally be barred from taking out PLUS loans if they have any type of debt exceeding $2,085 that is 90 or more days delinquent or that has been sent to a collection agency or charged off. Read more...