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My credit sucks

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

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  1. Steve203

    Steve203

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    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)....is 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?
     
    #1 Steve203, Apr 9, 2007
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  2. emtji

    emtji Senior Member

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    nope! that's the beauty of the stafford loan program.

    additional loans are a different story though.
     
    #2 emtji, Apr 9, 2007
  3. njbmd

    njbmd Guest
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    Moving to Financial Aid for expert replies.
     
    #3 njbmd, Apr 9, 2007
  4. Critical Mass

    Critical Mass Guest

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    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.
     
    #4 Critical Mass, Apr 9, 2007
  5. TMP-SMX

    TMP-SMX Senior Member
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    I hope you will be going to a cheap school and you are living on the street.
     
    #5 TMP-SMX, Apr 9, 2007
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