robnon

Full Member
10+ Year Member
7+ Year Member
Jun 24, 2007
50
3
Status (Visible)
  1. Medical Student
Hello,
I had a few questions about GradPlus loans. Now that I have been stressing about getting into med school, I got an accectance and I now I am worrying about paying for it. I know I will need more then the Stanford limits, so my next best option is GradPlus. I fount this requirement listed:

“You can get a PLUS loan even if you have a bad credit score, so long as you don't have an adverse credit history (i.e., no more than 90 days late on any debt and no defaults, bankruptcies or other adverse action on any Title IV debt).”

I already checked to see if I would qualify for a GradPlus loan at the www.acessgroup.com website and was told I was denied. According to my credit report, there is nothing that is currently 90 days but a few things that are charged off. Do you think if I pay these debts I will be approved later? Also if I use my parents as a co-signer would I get approved? My parents are going to check to their credit report, but they don't believe they are late on anything. If my parents are denied, however, is it possible to use another co-signer?

Also, these loans are year-by-year, correct? See even if I didn't get approved for my 1st year of medical school, I could apply going into my second year and get arroved? Obviously I wouldnt be able to make any money during med school, but I could work to pay some things off between now and the start of classes in August. And if my parents have negative items on their account they could work to fix it as well during my first year.

Finally, when I fill out my FAFSA form in 2009, do I apply for the GradPlus loan there or do I apply through a different means, such as this accessgroup website?

Thanks so much!
 

alwaysaangel

Full Member
10+ Year Member
5+ Year Member
Sep 4, 2006
5,376
38
Orange, CA
Status (Visible)
  1. Resident [Any Field]
Hello,
I had a few questions about GradPlus loans. Now that I have been stressing about getting into med school, I got an accectance and I now I am worrying about paying for it. I know I will need more then the Stanford limits, so my next best option is GradPlus. I fount this requirement listed:

“You can get a PLUS loan even if you have a bad credit score, so long as you don't have an adverse credit history (i.e., no more than 90 days late on any debt and no defaults, bankruptcies or other adverse action on any Title IV debt).”

I already checked to see if I would qualify for a GradPlus loan at the www.acessgroup.com website and was told I was denied. According to my credit report, there is nothing that is currently 90 days but a few things that are charged off. Do you think if I pay these debts I will be approved later? Also if I use my parents as a co-signer would I get approved? My parents are going to check to their credit report, but they don't believe they are late on anything. If my parents are denied, however, is it possible to use another co-signer?

Also, these loans are year-by-year, correct? See even if I didn't get approved for my 1st year of medical school, I could apply going into my second year and get arroved? Obviously I wouldnt be able to make any money during med school, but I could work to pay some things off between now and the start of classes in August. And if my parents have negative items on their account they could work to fix it as well during my first year.

Finally, when I fill out my FAFSA form in 2009, do I apply for the GradPlus loan there or do I apply through a different means, such as this accessgroup website?

Thanks so much!

All of this depends on the med school you will be attending.

Call the financial aid office. Basically you will submit a FAFSA then you will get a financial aid package. It will tell you exactly how much grants, stafford and GradPlus loans you need. Then they school will tell you how to apply. Some schools have a single bank they always use, some give you a few options, some will let you pick whatever you want. But you do apply separately, but its not a hard application and I don't know anyone thats been rejected. I never even was told I was accepted for my GradPluses - they just happened.

Call the financial aid office, ask them what you need to do and how to clear up the Grad Plus qualification thing.
 
About the Ads
This thread is more than 12 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.