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  1. #1
    babagondeh is offline Junior Member 510 points
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    Denied Grad Plus loans

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    Its official... Im screwed.

    I don't know what else to do... It can take years to fix credit.... I just want to go to medical school so I can put all this credit crap behind me.

    Anyone else been denied Grad Plus and somehow still managed to get funds?

  2. #2
    bogey's Avatar
    bogey is offline Member
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    Quote Originally Posted by babagondeh View Post
    Its official... Im screwed.

    I don't know what else to do... It can take years to fix credit.... I just want to go to medical school so I can put all this credit crap behind me.

    Anyone else been denied Grad Plus and somehow still managed to get funds?
    Can't you get a co-signer?

  3. #3
    babagondeh is offline Junior Member 510 points
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    Both my parents have terrible credit... I tried with my mom anyway and failed.

  4. #4
    rokshana is offline Member Guru 11644 points
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    usually you can find out exactly what is causing you to be denied...if its something you can fix, then you should try to fix it and reapply...

    otherwise, you'll need to find someone who can co-sign....gradplus just requires one to have no negative credit history...other aternative loans will require good credit history.
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  5. #5
    Ishie1013 is offline Elite Member 6118 points
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    That sucks; I'm sorry.

    It *can* take years to fix credit, but it doesn't always need to, especially if you're aggressive. As I said on the other thread, I fixed mine in a year with that website, and mine was really terrible; like denied for secured credit cards despite having a job terrible.

    I'm not sure what your baddies are and what your open credit lines are, and some stuff would be more difficult than others to get rid of (like a bankruptcy or judgment would be very hard), but you'd be surprised at how much you can bounce up, even delaying acceptance by one cycle could give you enough time.
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  6. #6
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    digitalising is offline Moderator 6117 points
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    Again, focus on getting in first, then worry about how to pay for it. I'm sure the financial aid office will be able to point you in the correct direction.
    SGU Forum Moderator - "I wouldn't do that if I were you."

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  7. #7
    sgusomstudent is offline Junior Member 510 points
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    damn bro,, i am sorry. it seems like you really want to go to med school.

    but if u tlak to the financial counselor, they will connect u with a guy from the bank that you select for grad plus. Explain to him your situation. Explain him IN DETAIL and about how intelligent you are,, as a student, and why and how u messed up on ur credit.. he can override ur rejection..

    good luck

  8. #8
    babagondeh is offline Junior Member 510 points
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    Really?!?! Have you heard of anyone getting an override on their rejection?

    Please give me some more info on this possibility.
    Last edited by babagondeh; 02-20-2009 at 05:29 AM.

  9. #9
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    swimchick is offline Super Moderator 12764 points
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    ^^I got an override on a loan rejection from Sallie Mae (no co-signer)...but that was for undergrad and not med school.

    I called them to find out why I was rejected...they told me credit history was too short and my debt to income ratio was too high. I explained that Salle Mae lent me money for my previous 2 years of college and of course my debt to income ratio was high...I was a college student.

    Anyway...they overrode the rejection and didn't make me get a co-signer...but I did get a crappy interest rate.

    Good luck to you man....I hope it all works out in the end.
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  10. #10
    EV
    EV is offline Member
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    Quote Originally Posted by digitalising View Post
    Again, focus on getting in first, then worry about how to pay for it. I'm sure the financial aid office will be able to point you in the correct direction.
    That would be an unrealistic course of action. If you remember, on the application you need to state exactly how you are planning to fund your education.

    As for the financial aid office pointing people in the right direction....I would not hold my breath. No offence to the financial aid people but last year they FAILED EPICALLY when Ed-Invest stopped giving loans to Canadian students.
    If it was not for a fellow student (and a very kind soul) on this board who pointed me in the direction of someone who helped me, I currently would not be attending SGU.
    All along Fin Aid kept saying don't worry, don't worry, but when time came to pay the bill, the best option they had for me was some random guy at a bank that did not even bother to return my calls. I would hardly call it pointing in the right direction. I was worried sick and cried for days because I did not know how the heck I would pay for the last 2 years of school. And this is coming from someone with a credit rating of 814.

    The OPs worries are real and justified. No one is going to do anything for you, you have to fight for it yourself. There are some really good suggestions in this thread. Get your credit fixed, save up some money if you can. I wish you the best of luck!

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