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This may be a better question for a credit counselor than a group of law students, but I thought I'd ask. I have a very small default - a $150 phone bill from about one year ago that I have paid. GradPlus requires no defaults for five years except in the case of "extenuating circumstances." Of course I had extentuating circumstances by my lights, as anyone with a default does. Can anyone tell me if I can get them to overlook this and get GradPlus loans? Thanks.

I think a default means like not paying a student loan for certain amount of time which puts it officially into "default" status. Credit card bills or phone bills dont count as that...I think...and you did pay it off eventually. But I'm no credit expert.

You're going to have to call and ask.

Technically, it's a default, but you've also paid it.

Thanks guys!

As long as it has been paid, you're ok. I have a similar thing that gets dinged every time I apply, and every time I call and appeal it, and every time they approve me.

That's extremely good to hear. I don't want to do private loans if there's any way to avoid it. Thanks for sharing your experience.

Nah
You usually have 30 days grace period after the due date.
It then goes into collection agency. If that happens, it will report on your credit history.

As long as it's not currently showing as unpaid on your credit report, you should be fine. You can run your own credit report to check for this if you're paranoid.