will this make it difficult for me to get loans/money for med school? my credit score is about 650-680.
i have a few boo boos on my credit
- Thread starter iMD
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Depends on 2 things.
1. Is your CoA for the medical school you are accepted to (or are applying to) below the stafford loan cap of ~$40,000?
If so, then credit doesn't matter, you're good.
2. If your CoA is above the stafford loan cap of ~40k, then you will need a PLUS loan to pay the rest. There is a
basic credit check: Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment or write-off of a Title IV debt during the last five years.
It does not matter what your credit score is for either loan.
1. Is your CoA for the medical school you are accepted to (or are applying to) below the stafford loan cap of ~$40,000?
If so, then credit doesn't matter, you're good.
2. If your CoA is above the stafford loan cap of ~40k, then you will need a PLUS loan to pay the rest. There is a
basic credit check: Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment or write-off of a Title IV debt during the last five years.
It does not matter what your credit score is for either loan.
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