caller: i want to hear more about the fafsa.er got into the university of southern california. she is going across the country from us. she has a balance of $10,000. we're both unemployed at age 55 plus. guest: if your daughter has maxed out the federal student loan she can take and they are offering you a plus loan, you do have to be credit worthy. it is not the same level of credit worthiness for taking out a mortgage. you cannot have anything credit adverse. if you do not have anything scarring on your credit, you would qualify for a plus loan. it sounds like you are unemployed and do not have income, that could put you in a difficult situation. it is important to least apply for it even if you do not want to take it. if you are denied the parent plus loan because of credit, and your student has an increased borrowing capacity on their own. that is sort of the process. the package a student with federal loans. the next loans would go to the parents. if they are denied because of credit history, the student is able to take on