Parent PLUS borrowers are not required to complete Entrance Counseling. However, if the original credit decision was denied for a Parent PLUS award, the Parent PLUS borrower will have to complete PLUS Credit Counseling. If a credit status (CS) record is received with an amount in the Financial Award Amount field, the system will update the award amount to this amount.

Credit Approval

A Credit Approval document (a use type of "Facilitate PLUS Loan Credit Decision") can be configured in the system that be created in a "Satisfied" status when a COD Response file is received with Credit Requirements Met = "true" or Credit Decision Status = "Accepted" tags. Depending on the school's business process, either a document report could be run to identify these students so that they can be manually awarded a PLUS loan or the system could be configured to create a task to identify the students for manual awarding of the PLUS loan.

Credit Denial

A "Review PLUS Loan Denial" task can be configured in the system to identify students with a PLUS credit denial. This task displays data from the COD response file so that you can take the appropriate action to contact the student/parent and to determine if they planned to complete the PLUS credit counseling process, obtain an endorser, or to request an additional Unsubsidized Loan. See Additional Unsubsidized Eligibility for the process for awarding the student the additional Unsubsidized Loan amount.

Approved with Endorser or Appeal Approved

See the description above related to Credit Approval. A document report could be run to identify these students so that they can be manually awarded a PLUS loan or the system could be configured to create a task to identify the students for manual awarding of the PLUS loan.