My credit sucks

[Steve203]

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?

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[emtji]

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?

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

additional loans are a different story though.

 

[njbmd]

Moving to Financial Aid for expert replies.

 

[Critical Mass]

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.

 

[TMP-SMX]

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