Denial rates of PLUS loans have risen 26.5 percent in the last year.
Denial rates of PLUS loans, the kind parents take out to cover college expenses for their children, have risen 26.5 percent in the last year due to economic instability. This and other factors have increased the financial challenges of attending college for young people.
Many students are choosing to save money and attend a community college for the first two years of college, then transfer to a more specific degree program at another institution. A lot of money can be saved by living at home the first two years (Harriet Johnson Brackey, "Economy Cramps College Dreams," The Columbus Dispatch, Dec. 7, 2008).
