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my parent applied for the parent plus loan for full amount because i got zero aid, and she was accepted but did not complete any additional paperwork (like the mandatory promissory note) after being accepted.
my financial aid offer updated yesterday to reflect the parent plus loan, but it’s marked as accepted. i did not accept the loan, it appears on my financial aid statement this way with no option to change (unlike the selection offered for the BS $91 unsubsidized loan they offered me) both me and my parent are no longer interested in the parent plus loan as we have found ways to finance my education outside of this specific loan. if we do need a parent plus loan, it certainly won’t be for $40k/year at like a 9% APR.
i’ve reached out to financial aid and they have said nothing and are closed until thursday, and i’m afraid that this loan may already have been confirmed by the school despite my parent not filling out the mandatory forms. any advice? has this happened to anyone before?
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- 3 months ago
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