Easier to Get PLUS

By Michael Stratford. The Obama administration on Friday will formally propose changes to the PLUS loan program that would largely loosen the credit requirements needed to obtain them. The proposal, which was tentatively agreed to by a negotiated rule making panel earlier this year, will clarify in regulation the department’s current practice of considering accounts more than 90 days delinquent as “adverse credit” that generally hurt a person’s chances of getting a loan. Read more...