If you meet the following requirements and have been denied a Federal Stafford or Federal PLUS loan for college, USA Funds^® may be able to assist you.

You must meet all of the following requirements:

• You are a student, or parent of a dependent undergraduate student.
• You are eligible to borrow loans under the Federal Family Education Loan Program.
• You, or your dependent who is an undergraduate student, are enrolled at least half time in a postsecondary institution that participates in the FFELP.
• You have attempted to borrow a Federal Stafford or Federal PLUS loan but have been unable to find a FFELP lender willing to make a FFELP loan to you. Note: Denial of a PLUS loan because you have adverse credit or refusal of a lender to issue a FFELP loan on terms you request does not qualify you for a lender of last resort loan.
• You are a resident of one of the states listed below, or are attending an eligible school in one of those states.

Federal law permits USA Funds to serve as or designate a lender of last resort for otherwise-eligible borrowers in the eight states that USA Funds serves as the designated guarantor. Those states are:

• Arizona.
• Hawaii and the Pacific Islands.
• Indiana.
• Kansas.
• Maryland.
• Mississippi.
• Nevada.
• Wyoming.

If you believe you qualify for a lender of last resort loan, contact your (or your dependent undergraduate student’s) financial aid office.