Grad Plus Loan Eligibility?

Started by aznboi89x
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aznboi89x

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10+ Year Member
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I know it is credit-based loan but I have no credit history due to not having a credit card. I am not defaulted on anything since I never borrowed anything. I called Boston University's financial aid office and they said "They rather give the loan to a person with no credit history than someone with bad credit (such has defaults or bankruptcy)."

problem is: this person didn't seem sure about it.


for record: I just applied for a credit card for the first time and I hope it will give me some credit history to get the Grad plus loan.

Anyone know if you can get Grad plus loan W/O Credit history?
 
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aznboi89x said:
I know it is credit-based loan but I have no credit history due to not having a credit card. I am not defaulted on anything since I never borrowed anything. I called Boston University's financial aid office and they said "They rather give the loan to a person with no credit history than someone with bad credit (such has defaults or bankruptcy)."

problem is: this person didn't seem sure about it.


for record: I just applied for a credit card for the first time and I hope it will give me some credit history to get the Grad plus loan.

Anyone know if you can get Grad plus loan W/O Credit history?
Click to expand...

pretty much most sub 20 year old DS1 students are like you... either they have no credit, 1 credit card with 20 dollar limit, or even some have never worked a day in their life.

pretty much everyone gets graduate plus (and no co-signer needed). The one time you might be in trouble is if you have a HORRIBLE credit score (Im talking below 450).
 
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