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Plus Loan Program changed
WASHINGTON, D.C. (NEWSCHANNEL 3) - The Obama Administration is making changes to the Plus Loan Program to help thousands of families qualify for college financial aid.
The U.S. Education Department says it has expanded support for families that have recent, but only a small amount of debt.
Those families are now eligible for Plus Loans through appeals.
Parents and graduates who use the Plus Loans have no borrowing limit, but face higher interest rates than most federal student loans.