What To Do If You’re Denied a Student Loan: Next Steps

January 21, 2025 – In article for Credible about what to do if your federal or private student loan application was denied, Shannon Vasconcelos, senior director of college finance at Bright Horizons College Coach offers her expertise on the topic. 

If you were denied for not making satisfactory academic progress — a common reason for loan denial — you might be able to regain eligibility for a probationary semester by filing an appeal with your college's financial aid office.

“If you're still not making satisfactory academic progress at the end of your probationary period, you will be on the hook to pay out of pocket until you're back on track,” says Shannon Vasconcelos, senior director of college finance at Bright Horizons College Coach.

Read the full article here.