{"id":512,"date":"2014-08-04T16:07:06","date_gmt":"2014-08-04T16:07:06","guid":{"rendered":"http:\/\/stagewp.westernu.edu\/financial\/?page_id=512"},"modified":"2024-02-26T22:14:43","modified_gmt":"2024-02-26T22:14:43","slug":"grad-plus-loan-denials","status":"publish","type":"page","link":"https:\/\/www.westernu.edu\/financial\/loan-counseling\/grad-plus-loan-denials\/","title":{"rendered":"Grad PLUS Loan Denials"},"content":{"rendered":"<section class=\"hero-secondary\">\n  <div class=\"relative bg-black\">\n                <img decoding=\"async\" class=\"adhere object-cover\" src=\"\" srcset=\"\" sizes=\"100vw\" alt=\"\">\n      <div class=\"adhere gradient-overlay\"><\/div>\n        <div class=\"relative container pt-56 md:pt-112 pb-144 md:pb-192\">\n      <div class=\"md:flex md:justify-between px-12\">\n        <div class=\"sm:w-8\/12 md:w-6\/12 xl:w-5\/12 px-12\">\n                      <div class=\"mb-20\">\n              <div class=\"block font-sans font-bold text-14 text-white leading-130\">\n  <span class=\"inline-block\">\n    <a href=\"\/\" class=\"block hover:underline\">WesternU<\/a>\n  <\/span>\n      <span class=\"inline-block mx-6\">\/<\/span>\n          <a href=\"https:\/\/www.westernu.edu\/financial\" class=\"inline-block hover:underline\">Financial Aid<\/a>\n          <span class=\"inline-block mx-6\">\/<\/span>\n      <a href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/\" class=\"inline-block hover:underline\">Federal Direct Loan Program &amp; Counseling<\/a>\n    <span class=\"inline-block mx-6\">\/<\/span>\n    <span class=\"inline-block\">Heading Text<\/span>\n  <\/div>            <\/div>\n                                        <h1 class=\"t-h1-sans  text-white\">Heading Text<\/h1>\n        <\/div>\n              <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<section class=\"relative my-48 md:my-72\">\n  <div class=\"container\">\n    <div class=\"lg:flex px-12 lg:justify-start\">\n              <div class=\"w-full lg:w-5\/12 2xl:w-4\/12 -mt-80 md:-mt-112 mb-48 px-12 lg:pr-32\">\n                              <nav class=\"py-28 px-40 2xl:px-64 rounded-5 md:rounded-8 bg-gray-darker text-white mb-40\">\n            <ul>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/\" target=\"_self\" rel=\"noopener\">Federal Direct Loan Program &amp; Counseling<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/credit\/\" target=\"_self\" rel=\"noopener\">How Credit Affects Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/financial-loans-university\/\" target=\"_self\" rel=\"noopener\">University Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/financial-loans-department-education\/\" target=\"_self\" rel=\"noopener\">Department of Education<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/financial-loans-department-health\/\" target=\"_self\" rel=\"noopener\">Health &amp; Human Services<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/historical-lender-information-list\/\" target=\"_self\" rel=\"noopener\">Historical Lender Information\/List<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/financial-entrance-counseling\/\" target=\"_self\" rel=\"noopener\">Entrance Counseling &amp; Institutional Requirements<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/financial-exit\/\" target=\"_self\" rel=\"noopener\">Exit Counseling<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/internationaldaca-students\/\" target=\"_self\" rel=\"noopener\">International\/DACA Students<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/repay-loan\/\" target=\"_self\" rel=\"noopener\">Repaying Your Student Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/www.westernu.edu\/financial\/loan-counseling\/grad-plus-loan-denials\/\" target=\"_self\" rel=\"noopener\">Grad PLUS Loan Denials<\/a>\n                <\/li>\n                          <\/ul>\n          <\/nav>\n                            <\/div>\n      \n      \n                  \n                  \n      <div class=\"w-full px-24 wysiwyg-content lg:w-7\/12 2xl:w-7\/12\">\n        <h3>Options Following a Grad PLUS Denial<\/h3>\n<p>The Graduate PLUS Loan, unlike other federal educational loans, is credit-based. The credit review does not evaluate income-to-debt ratios or credit scores. To qualify, you cannot have an adverse credit history. Your credit history may be considered adverse if you are experiencing any of the following credit conditions:<\/p>\n<ul>\n<li>Bankruptcy discharge within the past five years.<\/li>\n<li>Voluntary surrender of personal property to avoid repossession within the last five years.<\/li>\n<li>Repossession of collateral within the last five years.<\/li>\n<li>Foreclosure proceedings started.<\/li>\n<li>Foreclosure within the last five years.<\/li>\n<li>Conveying your real property that is subject to a mortgage (by deed) to your lender to avoid foreclosure (deed in lieu of foreclosure).<\/li>\n<li>Accounts currently 90 days or more delinquent.<\/li>\n<li>Unpaid collection accounts.<\/li>\n<li>Charge-offs\/write-offs of federal student loans.<\/li>\n<li>Wage garnishment within the last five years.<\/li>\n<li>Defaulting on a loan, even if the claim has been paid.<\/li>\n<li>Lease or contract terminated by default.<\/li>\n<li>County\/state\/federal tax lien within the past five years.<\/li>\n<\/ul>\n<p><strong>Direct Loans does not share the details of the denial of your grad plus loans due to privacy laws. <\/strong> In order for you to receive this information you can contact the Student Loan Support Center at 1-800-557-7394.<\/p>\n<blockquote><p>You can still attempt to obtain the Grad PLUS Loan through one of the options detailed below.<\/p><\/blockquote>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n\n\n\n\n\n<section class=\"relative my-48 md:my-72\" vue-app>\n  <div class=\"container\">\n        <app-accordion class=\"px-24 lg:w-4\/5 mx-auto\">\n              <app-accordion-item class=\"accordion-group block leading-1 opt-1\" content-class=\"accordion-group__panel wysiwyg-content\">\n          <template #accordion-trigger=\"{ href, visible, setRef, clickHandler }\">\n            <a :href=\"'#' + href\" \n              :ref=\"setRef\"\n              :class=\"['accordion-group__button scroll-mt-160', {'accordion__trigger_active': visible}]\"\n              @click.stop.prevent=\"clickHandler\"\n            >\n            <span class=\"block py-10\">\n              OPTION 1: Seek a Credit Appeal\n            <\/span>\n            <span class=\"accordion-group-icon relative flex w-56 h-56 ml-20 justify-center items-center bg-black rounded-full flex-shrink-0\">\n                            <span class=\"w-16 icon-chevron-down\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><!--!Font Awesome Free 6.6.0 by @fontawesome - https:\/\/fontawesome.com License - https:\/\/fontawesome.com\/license\/free Copyright 2024 Fonticons, Inc.--><path d=\"M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z\"\/><\/svg>\n              <\/span>\n              <span class=\"w-16 icon-chevron-up\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><!--!Font Awesome Free 6.6.0 by @fontawesome - https:\/\/fontawesome.com License - https:\/\/fontawesome.com\/license\/free Copyright 2024 Fonticons, Inc.--><path d=\"M233.4 105.4c12.5-12.5 32.8-12.5 45.3 0l192 192c12.5 12.5 12.5 32.8 0 45.3s-32.8 12.5-45.3 0L256 173.3 86.6 342.6c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3l192-192z\"\/><\/svg>\n              <\/span>\n                          <\/span>\n            <\/a>\n          <\/template>\n          <template #accordion-content>\n            <p>The Department of Education allows borrowers whose credit was denied the opportunity to document either of the following situations:<\/p>\n<ul>\n<li>Information showing that credit reporting used in the credit denial is incorrect and\/or has been corrected.<\/li>\n<li>Extenuating circumstances exist relating to the adverse credit history: <a href=\"https:\/\/studentaid.gov\/articles\/plus-loans-denied-adverse-credit\/\" target=\"_blank\" rel=\"noopener\">What to do if you are denied based on adverse credit history<\/a>.<\/li>\n<\/ul>\n<p>Borrowers may appeal the credit decision through one of these means.<\/p>\n<ul>\n<li>Review information on &#8220;<a href=\"https:\/\/studentaid.gov\/plus-app\/extenuatingCircumstancesInfo\" target=\"_blank\" rel=\"noopener\">Document Extenuating Circumstances&#8221;<\/a> and <a href=\"https:\/\/studentaid.gov\/appeal-credit\/demo\" target=\"_blank\" rel=\"noopener\">instructions on filing an appeal<\/a>.<\/li>\n<li>Contact the Student Loan Support Center at 1-800-557-7394 between 8a to 8p, Monday through Friday. During the automated introductory message, please dial \u201c3\u201d for more information about appealing the credit decision.<\/li>\n<\/ul>\n\n          <\/template>\n        <\/app-accordion-item>\n              <app-accordion-item class=\"accordion-group block leading-1 opt-1\" content-class=\"accordion-group__panel wysiwyg-content\">\n          <template #accordion-trigger=\"{ href, visible, setRef, clickHandler }\">\n            <a :href=\"'#' + href\" \n              :ref=\"setRef\"\n              :class=\"['accordion-group__button scroll-mt-160', {'accordion__trigger_active': visible}]\"\n              @click.stop.prevent=\"clickHandler\"\n            >\n            <span class=\"block py-10\">\n              OPTION 2: Utilize an Endorser\n            <\/span>\n            <span class=\"accordion-group-icon relative flex w-56 h-56 ml-20 justify-center items-center bg-black rounded-full flex-shrink-0\">\n                            <span class=\"w-16 icon-chevron-down\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><!--!Font Awesome Free 6.6.0 by @fontawesome - https:\/\/fontawesome.com License - https:\/\/fontawesome.com\/license\/free Copyright 2024 Fonticons, Inc.--><path d=\"M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z\"\/><\/svg>\n              <\/span>\n              <span class=\"w-16 icon-chevron-up\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><!--!Font Awesome Free 6.6.0 by @fontawesome - https:\/\/fontawesome.com License - https:\/\/fontawesome.com\/license\/free Copyright 2024 Fonticons, Inc.--><path d=\"M233.4 105.4c12.5-12.5 32.8-12.5 45.3 0l192 192c12.5 12.5 12.5 32.8 0 45.3s-32.8 12.5-45.3 0L256 173.3 86.6 342.6c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3l192-192z\"\/><\/svg>\n              <\/span>\n                          <\/span>\n            <\/a>\n          <\/template>\n          <template #accordion-content>\n            <p>An endorser is someone who does not have an adverse credit history and agrees to repay the loan if the borrower does not repay it. The endorser must be 18 years of age or older and must be a U.S. Citizen or Permanent Resident.<\/p>\n<p>If you choose to obtain an endorser:<\/p>\n<ul>\n<li>The endorser should complete the endorser addendum online. <a href=\"https:\/\/studentaid.gov\/appeal-credit\/demo\" target=\"_blank\" rel=\"noopener\">Instructions on appealing a credit decision<\/a>.<\/li>\n<li>The endorser will need to <a href=\"https:\/\/studentaid.gov\/fsa-id\/sign-in\/landing\" target=\"_blank\" rel=\"noopener\">login<\/a> with a Federal Student Aid Personal Identification Number (FSA PIN). If the endorser does not already have an FSA PIN, they may obtain one at <a href=\"https:\/\/studentaid.gov\/fsa-id\/create-account\/launch\" target=\"_blank\" rel=\"noopener\">studentaid.gov<\/a>.<\/li>\n<li>The endorser will need the Loan ID Number to connect the endorsement to the denied Grad PLUS Loan. The Loan ID Number is included in the <em>Grad PLUS Loan Denial Notification <\/em>email that was sent to you from the Financial Aid Office.<\/li>\n<\/ul>\n<p>For those students that have been previously approved for a Grad PLUS and now have been denied you will also be required to complete a new Master Promissory Note (MPN).<\/p>\n<p><strong>Also, any additional PLUS borrowing during the academic year will require a new MPN and endorser addendum (the same endorser can be used).<\/strong><\/p>\n<p><strong>NOTE: <\/strong>MPNs promissory notes are used for PLUS Loans and allow for multiple year borrowing under the same terms. However, when an endorser is used, the terms of the MPN used for that loan is specific only to that loan.<\/p>\n<p>For any PLUS loan applicant who has adverse credit history but who qualifies for a PLUS Loan through the process for reconsideration due to extenuating circumstances or obtaining an\u00a0endorser for the loan will be required to take additional special Grad PLUS counseling.<\/p>\n\n          <\/template>\n        <\/app-accordion-item>\n          <\/app-accordion>\n  <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":8,"menu_order":12,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-512","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/comments?post=512"}],"version-history":[{"count":18,"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/512\/revisions"}],"predecessor-version":[{"id":6265,"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/512\/revisions\/6265"}],"up":[{"embeddable":true,"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/8"}],"wp:attachment":[{"href":"https:\/\/www.westernu.edu\/financial\/wp-json\/wp\/v2\/media?parent=512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}