Grad PLUS Credit Requirement

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tigerfan91

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Grad PLUS Credit Requirement

Postby tigerfan91 » Thu Jan 11, 2018 11:10 am

Hey there, does anyone know if there is a credit score number cutoff for Grad PLUS loans? I have good, but not great credit and will need loans pretty much just for COL.

coskigirl

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Re: Grad PLUS Credit Requirement

Postby coskigirl » Thu Jan 11, 2018 12:11 pm

They look at current delinquent debts, default, bankruptcy, foreclosure, repossession, etc rather than the actual score.

manchesterengland

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Re: Grad PLUS Credit Requirement

Postby manchesterengland » Tue Jan 16, 2018 11:14 pm

tigerfan91 wrote:Hey there, does anyone know if there is a credit score number cutoff for Grad PLUS loans? I have good, but not great credit and will need loans pretty much just for COL.

You'll be fine, unless something has gone terribly wrong with your credit at some point in the past.

Effingham

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Re: Grad PLUS Credit Requirement

Postby Effingham » Wed Jan 17, 2018 12:49 am

Really don’t think they care at all what your credit score is or this wouldn’t be such a political issue. The rates they charge are garbage, take out as little of these as possible.

coskigirl

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Re: Grad PLUS Credit Requirement

Postby coskigirl » Wed Jan 17, 2018 12:59 pm

Effingham wrote:Really don’t think they care at all what your credit score is or this wouldn’t be such a political issue. The rates they charge are garbage, take out as little of these as possible.


How does whether they use a credit score (or adverse credit history) affect it being a political issue? There are, in fact, specific requirements regarding credit (not score but adverse history) surrounding Grad PLUS loans.



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