Sunday, May 17, 2020

Financial aid & parent's defaulted loan?

Michelle Sohre: Zee:No.The only impact that your dad's defaulted student loan will have on your aid eligibility is that your dad will not be able to apply for a PLUS (Parents' Loan for Undergraduate Students) loan to help you pay for school.If your mom can qualify for that loan on her own, she can apply individually, and that source of potential funds could still be available to you.Other than that, no. The aid system won't hold your dad's financial aid problems against you.I hope that helped. Good luck to you!...Show more

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