April 18, 2014
Education Department Proposes Easing Eligibility Criteria for PLUS Loans
The Education Department, which has been roundly criticized by historically black colleges over changes in the underwriting criteria of its PLUS-loan program, is considering softening its standards for awarding the loans.
In a proposed rule sent to members of a negotiating committee this week, the department offers to reduce from five years to two the "look back" period for debts that are in collection or charged off, and to exempt from consideration delinquent debts of less than
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