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Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 2:01 am
by theycallmefoes
Do outstanding student loans have any bearing on admissions chances? Some time ago, CNN did a story on an applicant who was denied admission to a graduate school, supposedly due to the amount of outstanding student loans. I'm wondering if I should be forthright about this. For example, Vanderbilt asks directly for the amount, but you're not required to submit an answer - so do I go ahead and answer it, or leave it blank?
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 2:06 am
by arklaw13
Doubt it will matter unless you're in default on your loans. I'd go ahead and put it if they ask for it.
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 5:35 pm
by theycallmefoes
arklaw13 wrote:Doubt it will matter unless you're in default on your loans.
Nope. Actually, answering the question about default is required.
arklaw13 wrote:I'd go ahead and put it if they ask for it.
Thanks for the input.
Anyone else want to chime in?
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 5:43 pm
by arklaw13
theycallmefoes wrote:arklaw13 wrote:Doubt it will matter unless you're in default on your loans.
Nope. Actually, answering the question about default is required.
arklaw13 wrote:I'd go ahead and put it if they ask for it.
Thanks for the input.
Anyone else want to chime in?
Sorry if I was unclear, what I meant was that I doubt your outstanding debt will matter unless you're in default, not that it wouldn't matter if you didn't answer the question.
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 5:48 pm
by theycallmefoes
arklaw13 wrote:theycallmefoes wrote:arklaw13 wrote:Doubt it will matter unless you're in default on your loans.
Nope. Actually, answering the question about default is required.
arklaw13 wrote:I'd go ahead and put it if they ask for it.
Thanks for the input.
Anyone else want to chime in?
Sorry if I was unclear, what I meant was that I doubt your outstanding debt will matter unless you're in default, not that it wouldn't matter if you didn't answer the question.
Ha. No, I understood. It was my response to you that was unclear.
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 8:22 pm
by theycallmefoes
Another question: Could leaving it blank hurt my chances?
Re: Outstanding Student Loan Debt
Posted: Fri Jan 24, 2014 8:30 pm
by rinkrat19
theycallmefoes wrote:Another question: Could leaving it blank hurt my chances?
I think leaving it blank is slightly more likely to hurt you than just filling it in, assuming your number isn't obscene like 1.2 million in outstanding debt.