For those refused a federal PLUS loan, EdFed offers another option - the EdFed Second Chance Program. You will be explained by an EdFed representative why your loan application was not approved and also suggested how to get an approval.
In case of questions that arise after your credit decision, please speak with a representative at (800) 821-5659.
How EdFed Helped others!
EdFed reduced my interest rate by a substantial amount. I can rest assured knowing that the rising of interest rates will not affect me. I am satisfied to say that they saved me $231 on my monthly payments and I would definitely recommend them to anyone looking to consolidate their loans. - Clint W. New Orleans, LA