Graduate or Parent PLUS Loan Credit Denials

The NYU Office of Financial Aid is not provided with the specific reason for your denial. If your PLUS Loan is credit denied, you have several options:

  1. Appeal the credit decision with the lender, Direct Loans, by documenting extenuating circumstances at
  2. Have a qualified cosigner complete an Endorser Addendum at

For parents who have been denied:

  1. The student may request additional Unsubsidized Loan in the student’s name from the NYU Office of Financial Aid. The additional loan will be $4,000-$5,000 depending on the student’s grade level. If at a later time during the academic year a parent becomes eligible or is approved with an endorser for a Parent PLUS loan, the additional Unsubsidized Stafford Loan will be cancelled.
  2. Pursue a private educational loan in the student’s name.

Graduate students or parents who are originally credit denied for a PLUS Loan, but have obtained approval by appeal or endorser are required to:

  1. Complete an online PLUS Credit Counseling session. The federal Department of Education will contact the borrower in these cases and direct them to to complete PLUS Credit Counseling. Your PLUS Loan cannot disburse to your Bursar bill until you have completed the PLUS Credit Counseling.
  2. Complete a new PLUS Loan Master Promissory Note by clicking “Complete Loan Agreement for a PLUS Loan (MPN).” Any PLUS Loan that has been approved with an endorser must have its own PLUS Loan Master Promissory Note. Direct Loans will not disburse your loan funds without this.

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