 TITLE: How to Apply for a Parent PLUS Loan CONTENT: What to Do if You Are Denied for a Parent PLUS Student Loan\n-----------------------------------------------------------\nIf you are denied a parent PLUS loan due to adverse credit history, you may be eligible for reconsideration if you do one of the following:\n*   Get a cosigner with good credit who agrees to repay the loan if you're unable to do so.\n*   Document the extenuating circumstance that led to the adverse credit history to be considered for a loan.\nPLUS loan credit counseling is also mandatory if you have adverse credit history and decide to get a cosigner or document extenuating circumstances to get approved for a loan.\nIf you are denied for a parent PLUS loan even after requesting reconsideration, you may need to consider other options. These include applying for a private student loan, or using your home equity through a cash-out refinance or home equity line of credit. Using your home as collateral can be risky, however, so weigh the pros and cons before taking this step. Having your child attend a lower-cost school or junior college at least temporarily is another way to reduce costs while you work on improving your credit and setting aside additional funds for college. END