Grad Plus Question

[buckeye4lyfe]

I have a question about the grad plus loan. Will I have trouble passing the credit check?

- I have a balance on my credit card, but I still make the monthly payments on time. And I'm working on paying off the balance ($1000). It still has made my credit score be considered "fair".

- I have no collections, no derogatory marks, and only one payment that was 30 days late (like two years ago), but it's paid and the account is current.

Will any of these mean a rejection of the grad plus due to credit history?


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[zEkii]

Nah, you should be fine. The grad plus loan is to fulfill your remaining balance. So I am assuming if you have bad credit, they won't give you the full amount, but enough and some more to pay off your tuition for the year.

 

[whaleofatale]

I have a question about the grad plus loan. Will I have trouble passing the credit check?

- I have a balance on my credit card, but I still make the monthly payments on time. And I'm working on paying off the balance ($1000). It still has made my credit score be considered "fair".

- I have no collections, no derogatory marks, and only one payment that was 30 days late (like two years ago), but it's paid and the account is current.

Will any of these mean a rejection of the grad plus due to credit history?


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No. You will be fine. See here for information on what constitutes an adverse credit history for the purposes of applying for the Grad PLUS.

 

[buckeye4lyfe]

Thank you both!


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[rilicool]

think so,enough and some more to pay off your tuition for the year.