07-12-2014 04:49 PM
Wil be taking one out in the fall and was wondering if they will pull my credit. From what I have read it doesn't look like they do. Can anyone confirm this?
07-14-2014 07:30 AM
Sure don't. I got... a lot... in college.
But no credit pulls. They get the information on what you qualify for with your FAFSA. However, if you do a Parent Plus loan, they will pull your parents' credit. A friend of mine funded her college that way.
07-14-2014 02:24 PM
Cool. Thanks for the help.
Interested to see what it does to my score. I'm sure it will lower it at first but after a few months of making payments maybe it will go a bit higher.
Only taking out 6k for the fall/winter semester so will be able to keep it under control. Should be about the same for the next 2-3 years. Could pay cash now but would rather have a bit more flexibility and not feel broke.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO