<p>I’d double check that info, akck. Federal regulations define what an “adverse credit history” is for purposes of the PLUS loan. I pulled this directly from the Chase website: </p>
<p>What are the credit requirements to apply?
Once eligibility has been established, borrowers need to meet basic credit criteria. Specifically, a PLUS loan applicant is not eligible for a PLUS loan if he or she is determined to have an adverse credit history according to criteria in federal regulations. At the lender’s option, a prospective PLUS borrower may obtain a creditworthy endorser if the borrower is otherwise unable to establish creditworthiness.</p>
<p>A PLUS loan applicant is considered to have adverse credit if any of the following conditions apply: </p>
<p>The applicant is 90 days or more delinquent on the repayment of any debt
The applicant has had any debt discharged in bankruptcy during the five-year period before the date of the credit report
The applicant has been the subject of a default determination on any debt, a foreclosure, a tax lien, a repossession, a wage garnishment or a write-off of a Title IV debt during the five-year period before the date of the credit report. </p>
<p>Also look at this link. </p>
<p>[FinAid</a> | Loans | Credit Scores](<a href=“http://www.finaid.org/loans/creditscores.phtml]FinAid”>http://www.finaid.org/loans/creditscores.phtml)</p>