In October 2011, the department changed it`s standards that are underwriting.

Charge-off records and records in collections within 5 years, should they was not paid back, would now count against candidates for PLUS loans.

The alteration had been made quietly — the division didn’t convene a rule-making panel or issue a page to universities describing it — however the effect had been dramatic, Kantrowitz stated. (さらに…)