Will this stop me from getting a Grad Plus Loan?

[aswynn81]

Hi
I'm in law school, and I've borrowed up to the regular 20k allowed without a credit check from the government. I want to study abroad this summer though, so I want to borrow 7k from the grad plus loan program.

I looked up the requirements. It says "You are considered to have an adverse credit history if you are 90 or more days delinquent on any debt or if, within 5 years of the date of the credit report, you have been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or writeoff of a Federal Student Aid debt"

I forgot to pay an electric bill after I moved and it went to collections... does anyone have any experience on this?

[regenweald]

I have no experience on this, but if this grand plus loan program pulls your credit report, I suspect this bill is on there.
Might be worth it to pay to see your credit reports - Experian, Equifax, and/or Trans Union. Actually I believe you can get a free credit report once a year. Might want to do some digging to see how this works.