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Jun
How Good Of Credit Do You Have To Have To Receive Approval On A Federal Direct Plus Loan?
If my parents wanted to take out a federal direct plus loan, what are the chances of approval if there credit is not good but not horrible either with a credit score between 630-640 and prior bankruptcies.
it depends on how long ago the bankruptcy took place. with a score like that, I can’t imagine that it happened recently. You should try obtaining a loan with you name, even though the parents still have to provide information for themselves. They are usually pretty good about approving people who are in a real financial need for money. The first step that should/should have been done, was to file a FAFSA. Based on that, you can find out what financial aid you qualify for, which includes federal direct stafford loans.
June 30th, 2009 at 2:38 pmYou should be able to qualify.
June 30th, 2009 at 2:38 pm