Will this pull a hard inquiry?

Discussion in 'Credit Talk' started by dd, May 25, 2001.

  1. dd

    dd Member

    I wanted to apply for a Stafford Loan, which is a federal student aid loan. Mine would be unsubsidized - because of my income - meaning the government does NOT pay interest while I'm a student.

    Will they pull a hard inquiry for this type of loan? Also, does this type of student loan report to the bureaus? Remember, this isn't a private, credit-based loan. EVERYBODY who is at least a part-time student working towards a degree may receive this loan.

  2. the other

    the other Well-Known Member

    No, this should not generate an inquiry of any type. None of mine have. This is because your qualifications for a stafford loan are not related to your credit worthiness.

    All of mine are reported to the CRAs.
  3. NanaC

    NanaC Well-Known Member

    THe response is absolutely correct..there will be no inquiry whatsoever.
  4. fingrrrl

    fingrrrl Well-Known Member

    But, does the balance of your student loans work against you when you apply for a credit card or a loan? Thanks.
  5. NanaC

    NanaC Well-Known Member

    In my case, mine are in deferment so it is not counting.

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