The Education Department has made it harder for parents to borrow on behalf of their children in college over the past year.
Historically colleges that are black they have been disproportionately impacted.
WASHINGTON — For the previous 12 months, moms and dads hoping to borrow a federal loan on their college student’s behalf have discovered those loans are harder to have than they was once.
A little-noticed Education Department change in October 2011 included underwriting that is new when it comes to PLUS loan, the federal financing program for parents and graduate pupils. read more
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