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

Education Dept. Sticks to Rules on PLUS Loans but Simplifies Appeals 1

The Washington Times, ZUMAPRESS.com, 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.

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close Education Dept. Sticks to Rules on PLUS Loans but Simplifies Appeals 1

The Washington Times, ZUMAPRESS.com, 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.

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 2011, is resisting calls to relax the new rules.

In a notice posted online late last week, the department said it would provide colleges