can you get graduate student loans with home foreclosure on your credit report?

T N · #1 (**permalink**) 02-13-2009, 08:00 PM

I know that you can get federal student subsidized and nonsubsidized loan, but these non-credit based loans only goes up to $20,000. The school I want to go to cost $60K. Are there any other types of loans out there available to grad students with bad credit? My FICO score now is 445. ------

Humble F · #2 (**permalink**) 02-13-2009, 08:32 PM

I would say so. ------

svengteach · #3 (**permalink**) 02-13-2009, 10:42 PM

That is tough because if they pull your credit, they will see that your credit is shaky. I would contact the institute you plan to borrow from and ask them. ------

John Harris · #4 (**permalink**) 02-14-2009, 05:00 PM

Yes, some student loan lenders don't look at your credit report since some of the loans are guaranteed by the federal ggovernment. ------

foreclosurefish_com · #5 (**permalink**) 02-14-2009, 07:24 PM

The traditional loans through non subsidized programs will not be possible with such a low credit score. The lenders will still look at your credit and a score of 445 will not qualify. If it was low because of lack of credit, then it would be different, but since you have other negative issues on your credit, they would consider you too high of a risk.You should consider applying for as many grants or scholarships as possible to make up the rest of your tuition. ------

graceison · #6 (**permalink**) 06-18-2009, 01:04 AM

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