Grad PLUS question

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jhd125
Posts: 38
Joined: Sun Jul 15, 2012 7:58 pm

Grad PLUS question

Postby jhd125 » Tue Apr 23, 2013 10:32 am

Can someone give me a brief run down of the Grad PLUS loans? I understand that you cannot have adverse credit history. However as an undergraduate, I have yet to build any credit. Will the fact that I have no credit hinder me from being approved?

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DocHawkeye
Posts: 640
Joined: Fri Oct 29, 2010 11:22 am

Re: Grad PLUS question

Postby DocHawkeye » Tue Apr 23, 2013 2:44 pm

jhd125 wrote:Can someone give me a brief run down of the Grad PLUS loans? I understand that you cannot have adverse credit history. However as an undergraduate, I have yet to build any credit. Will the fact that I have no credit hinder me from being approved?


No. There is no "credit score" requirement and no debt-to-income calculation. You just can't have certain types of adverse credit history (default on student loans, collection accounts, and the like). The list included in the loan documents is pretty specific.




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