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My credit sucks

Discussion in 'Financial Aid' started by Steve203, Apr 9, 2007.

  1. Steve203

    Steve203 5+ Year Member

    Jan 26, 2006
    So I'm set to start med school in the fall, and still haven't recieved any finacial aid packages. I'm a bit worried because my credit score is really bad (~600) this going to hinder my ability to take out loans? I don't really have a lot of debt from undergrad (> 10 K)...but is my credit score going to hurt my ability to take out loans?
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  3. emtji

    emtji Senior Member 7+ Year Member

    Apr 3, 2003
    nope! that's the beauty of the stafford loan program.

    additional loans are a different story though.
  4. njbmd

    njbmd Guest Moderator Emeritus 5+ Year Member

    May 30, 2001
    Gone Walkabout!
    Moving to Financial Aid for expert replies.
  5. Critical Mass

    Critical Mass Guest

    Feb 23, 2007
    Uncle Sam doesn't use your credit score for Staffords. They don't have to because you can't bankrupt out of them.

    I think that PLUS loans do use credit as a criterion.
  6. TMP-SMX

    TMP-SMX Senior Member Moderator Emeritus 10+ Year Member

    Jun 12, 2006
    I hope you will be going to a cheap school and you are living on the street.

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