Education Dept. Sticks to Rules on PLUS Loans but Simplifies Appeals

The Washington Times,, Newscom

Historically black colleges and universities like Howard U. (pictured) have criticized the Education Department's decision to tighten the lending rules for Parent PLUS loans, a move that led to the rejection of many more loan applicants and disproportionately affected HBCUs.
July 03, 2013 Premium content for subscribers. Subscribe Today

The U.S. Education Department, under pressure from historically black colleges, is taking steps to simplify the appeals process for parents denied a federal Parent PLUS loan. But the agency, which tightened the program's underwriting criteria in...

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