When a parent or graduate student wishes to take out a PLUS Loan, they must pass a credit check. Schools often ask how early the credit check can be completed. Here’s the answer:
Once a credit check has been completed, a PLUS loan must be originated on the COD system within 180 days; otherwise a new credit check must be done.
If a borrower wishes to take out another PLUS loan in future academic years, a new credit check will be conducted automatically by the Department if the COD system receives a loan origination record.