It depends on the type of aid you are seeking.

Direct Loans do not require a credit check and eligibility is not determined by your credit status. However, if you have a student loan in default status, you may be ineligible for federal aid until the loan is no longer in default.

Graduate PLUS Loans will require a “soft” credit check. Lenders will review your credit report, though they will not look at your FICO score. The lender will look for if you have an adverse credit history.

If you are denied Graduate PLUS funds, applying with a credit-worthy coborrower can improve your chance of being approved for the loan.

For more credit information, watch the credit video playlist.