Adverse Credit and Grad Plus Appeal?

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5+ Year Member
Sep 25, 2015
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Rising MS2 here and my cosigner has passed away so I need to figure some stuff out.

I have some adverse credit history (charge offs and 2 collections more than $2085 from 3-4 years ago.

I think the law changed recently so I would like to double check that some things are still true:

1) I will qualify for a Grad Plus Loan as long as my balance on charged off accounts within the past two years is less than $2085.

2) The unpaid collection accounts that occurred prior to two years before applying for the loan do not count against me unless they are: bankruptcy, foreclosure, etc within 5 years.

If the two above statements of true then I am all set. However, if they include ALL past charged off accounts I will definitely not qualify.