ncprasad
Given the fact that most B-school graudates are able to get into a decent job after graduation and the fact that student loan payments dont start until after 6 months post-graduation, I really dont see how a credit score is relevant. Also, international students with bad credit will then get away with it, right? So, how can an admission be rescinded based on credit score.
djhouse81
If your debt to income ratio is already out of control then how are you going to handle more debt with no income?
I agree, it would be strange to be rejected after they check your credit, but the debt to income ratio is a legitimate concern--despite the deferral of your student loan payments until after you graduate. Some people have mortgages, car payments, credit card debt, even college loans to pay off--all at once! How are they going to pay for that when they are going to school full-time, especially with no savings? It would be very difficult to take out a student loan that covers all of that, given the liquidity and credit crises that the market is experiencing--just look at
Sallie Mae. Just like there are a few cases of people who blatantly lie on their app and schools rescine their offer as a result; there is probably few borrowers who have atrocious credit to the point that schools must rescind their offer. In the end, I bet schools will try everything to make the financial packages work, as opposed to the fraudulent applicants who are kicked to the curb.