Can you get a GradPLUS loan if you have a short sale in your credit report?

BobtheDoc

Just a little pressure...
5+ Year Member
Aug 2, 2010
57
1
Phoenix, AZ
Status (Visible)
  1. Medical Student
Doing the math and finding I am going to need a gradPLUS loan pretty much wherever I end up going...

Trouble is I have a condo I'll have to sell before starting and it'll probably have to be a short sale due to the wonderful housing market these days...

Does anyone know if I could still qualify with a short sale on my credit report for a gradPLUS loan?

It seems that approval is not based on a credit score, but rather the absence of particular negative items - when I called the federal loan originators the rep told me as long as the word "forclosure" is not part of the short sale agreement it would be fine. She didn't seem that sure about it though...
 
This thread is more than 10 years old.

Your message may be considered spam for the following reasons:

  1. Your new thread title is very short, and likely is unhelpful.
  2. Your reply is very short and likely does not add anything to the thread.
  3. Your reply is very long and likely does not add anything to the thread.
  4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
  5. Your message is mostly quotes or spoilers.
  6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
  7. This thread is locked.
About the Ads