Credit Denial

Your student may have an additional Unsubsidized Stafford loan offered to them if credit is denied.

The student's eligibility is limited by grade level:

  • $4,000 maximum for freshman/sophomore
  • $5,000 maximum for junior/senior.

A new credit application must be processed each academic year to remain eligible for additional unsubsidized loans.

You also have the opportunity to contact the Direct Loan Servicing Center to pursue a Co-signer or Endorser for the loan.

If you choose to pursue a Co-signer or Endorser, you must

  1. Notify the Financial Aid and Scholarship Office of your intent to pursue an endorser.
  2. View your student's MySJSU for updates to the "Offer/Accept" status on the Direct Loan PLUS.
  3. Once the Direct Loan PLUS is in "Offer/Accept" status, contact the Financial Aid and Scholarship Office for a Loan ID #.
  4. Once you have a loan ID#, the endorser logs into studentloans.gov with their FSA ID and SSN. The endorser will fill out an Endorser Addendum.
  5. At this point, you must inform the Financial Aid and Scholarship Office that the endorser was approved for the loan.
  6. The borrower (Parent), may then log into studentloans.gov to sign the Master Promissory Note.