Santa Clara University

If your credit check for the Federal PLUS Loan has been denied the following options are available to you:

1. Appeal your lender's credit decision. Please contact your lender for additional information.

2. Obtain an endorser (co-signer) for the Federal PLUS Loan. If you would still like to have the Federal PLUS Loan and you know someone who can co-sign for you, please contact your lender for this option.

3. Cancel the Federal PLUS Loan. If you are able to find an alternative way of funding your student's education.

4. Have your son/daughter receive an additional Federal Direct Loan Unsubsidized to partially take the place of the Federal PLUS Loan. The U.S. Department of Education allows the student to receive an additional Federal Direct Loan Unsubsidized if the parent does not qualify for the Federal PLUS Loan. The maximum amount of the student's additional Federal Direct Loan Unsubsidized will be $4,000 for freshman and sophomore students and $5,000 for junior and senior students.

Please mail or fax a copy of the letter you received from your lender notifying you of the denied credit check. Please also enclose a copy of the form "Options for Parents after a Credit Check has been Denied" selecting one of the options, so that we can stay informed.

Mailing Address
Santa Clara University
Financial Aid Office
500 El Camino Real
Varsi Hall, Second Floor
Santa Clara, CA 95053 USA

FAX: (408) 551-6085