HELP: Getting a loan before scholarship kicks in.

Discussion in 'Military Dentistry' started by Shadownght12, 04.24.12.

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  1. Shadownght12

    Shadownght12 2+ Year Member

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    From my understanding, the Army bonus is not disbursed for a few weeks after the first day of Dental School. I was really hoping to use that money to get my apartment situated in Chicago at least a few weeks before then....would I be able to get a bank loan to cover those costs and pay it back when the scholarship kicks in (I'm estimating about 5K to get furniture, first months rent, bills, etc.)? How would I go about that? Any advice would be appreciated!
     
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  3. Roto Picante

    Roto Picante Roto 7+ Year Member

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    Get a credit card.
     
  4. Tiankum

    Tiankum 5+ Year Member

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    Go to a bank and ask.
     
  5. Roto Picante

    Roto Picante Roto 7+ Year Member

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    Seriously though, carry your credit card bill for two months until your bonus comes in then just pay off your credit card bill right away. Avoid any loan fees with minimal interest paid on the credit card. Not generally a good idea for everyday living but fits your situation.
     
  6. Shadownght12

    Shadownght12 2+ Year Member

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    I got my first credit card last year, but my credit line is only 1K.
     
  7. mattparr

    mattparr

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    If you can't get a higher credit limit then don't buy as much stuff. If it'll only be for a month or two you could get by with the bare essentials. You don't really need ALL of your furniture immediately when you move in.
     
  8. toothhornet88

    toothhornet88 "Dr.IronFist" 5+ Year Member

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    No offense but HOW THE HECK would he even afford 2 months of rent with 1k?? You cannot "get by" with that little in Chicago! I would recommend getting a loan through the school. That's what I'll be doing while I wait for my US Navy Scholarship bonus to come in. Best of luck!! =)
     
  9. Shadownght12

    Shadownght12 2+ Year Member

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    I was thinking about doing the same, do you know when loans through school are disbursed??
    Thanks.
     
  10. toothhornet88

    toothhornet88 "Dr.IronFist" 5+ Year Member

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    Not sure! I would contact the schools and asks them
     
  11. mattparr

    mattparr

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    I couldn't tell you how much rent is in Chicago nor do I care to know, I was speaking strictly on other non-essential things. All I was saying is don't spend more than you have to before getting your money. The less you borrow the better. I'm also assuming he has more money to his name than a single one thousand dollar credit card. He doesn't have to deck out his apartment for the first month he's living there. Just get a mattress and few other essentials so he doesn't have to take out more loans than necessary.
     
  12. del Sol DOHC

    del Sol DOHC 7+ Year Member

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    A mattress?! What is he, a celebrity? Just sleep on the floor like a real man. Use that mattress money to buy ammunition so you can hunt for your food.
     
  13. Shadownght12

    Shadownght12 2+ Year Member

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    hahaha!!
     
  14. teeth63a

    teeth63a Dharma Dentist 5+ Year Member

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    Ammunition is expensive. Lay snares to catch wabbits.

    When I was in school there was a HEAL loan, I think that's what it was called. It was $10,000 and I applied through my school. You can use it for whatever you want. I also lived a lot off my credit card, and was a frequent customer of Goodwill and craigslist for furniture. But hey, that's the life of a student.
     

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