I just got denied( knew i would be) now we will apply in my husbands name. Im worried about denial with him. ALl his credit cards are up to date and we havent been late on them in years. We were late a few times with mortgage but never over 30 days. Also he has a bankruptcy that was in 2002. What do I have to worry about? I am scared my kid wont be able to go to college

If you apply for a Parent PLUS loan and get denied, your child becomes eligible for a higher Stafford Loan limit. To take advantage of this, you should contact the school's financial aid office. The Parent PLUS loan credit check is not as thorough as a private loan check, so a bankruptcy in 2002 may not have a negative impact as long as his credit since then is good.

If the additional Stafford loans are still not enough to cover the cost, private student loans can be a good options for those students with a cosigner. In this case, it would be beneficial to find a cosigner other than you (or your husband if he also gets denied the PLUS) but maybe an aunt/uncle or grandparent with good credit would be willing to help. Keep in mind that a cosigner can be released after a certain number of on time payments to the loan, so they're not obligated to repay on the loan.

Good luck, I hope this information helps!

The problem is the extra costs are 18000 over the staffords she already got. We got denied the cosigning because of how much debt we have. The credit report shows evrything on time except 1 medical bill we found for 200 bucks. Im gonna pay it but I doubt it will help us

Husband paid the bill and requested it removed from credit report. It was actually my debt on my insurance so i dont know how he got it on his report. anyway it has been paid. I hope we get the plus loan