Grad Plus loans with poor credit?

[thebiggerfish012]

Hi all,

I'm currently in the process of applying for graduate plus loans for medical school, but I am worried I will not be approved. I do not have an adverse credit history (no missed payments, no loan/cc defaults etc.) but I do have a low credit score due to a high amount of consumer debt from the few months following undergrad where I was trying to get on my feet (low 600s). I am working to lower the debt, but I haven't been able to find anything regarding how this might affect my chances of receiving a Grad Plus loan.

If anyone can offer some advice, I would really appreciate it.

Thanks!

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[naijacardriodoc]

Hi all,

I'm currently in the process of applying for graduate plus loans for medical school, but I am worried I will not be approved. I do not have an adverse credit history (no missed payments, no loan/cc defaults etc.) but I do have a low credit score due to a high amount of consumer debt from the few months following undergrad where I was trying to get on my feet (low 600s). I am working to lower the debt, but I haven't been able to find anything regarding how this might affect my chances of receiving a Grad Plus loan.

If anyone can offer some advice, I would really appreciate it.

Thanks!

They don’t look at ur score...

 

[SigmaFS]

Here's the credit criteria:

The student's credit report must be free of the following adverse items:

• Currently 90 days or more delinquent on repayment of any debt.
  
• Debt placed in collection or charged off (written off) within the past two years.
  
• Evidence of a bankruptcy, default, discharge, foreclosure, tax lien, repossession, wage garnishment, or write-off of a debt during the past five years.
  
• Collection accounts or charge-offs with a balance greater than $2,085.

Not too difficult to secure a Federal Direct Graduate PLUS.

 

[thebiggerfish012]

They don’t look at ur score...

Good to hear, that's what I thought initially but a financial aid officer at a school I interviewed with made it seem like they did