post-bacc students and the medcap loan

[twocats]

Hi all,

I heard recently that certain post-bacc programs qualify you for the Wells Fargo Med Cap loan, but the website is really unclear. Does anyone have any experience with this loan? Thanks.

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[sm640739]

What is this loan? Does it perhaps require that the post bacc offer a degree?

 

[twocats]

its a lower-interest loan that is usually offered only to students in a medical program. it turns out though that post-bac premed students (at least in some programs-- i am in the columbia program) are eligible for the loan. it just requires a little asking around at wells fargo.

hope this is helpful for anyone else trying to finance their post-bacs!

 

[Woland]

Is this an add by a WF sales rep?

 

[twocats]

no, just a post-bacc student trying to figure out how to finance things... sorry if it came off as advertising, just trying to be helpful.

 

[Lazarus]

Did it work out? I am in the middle of trying to secure some of these loans as well.

I have heard fables that postbac premed that are in a formal program are eligible for many of the med school student loan programs that all the big banks have.

I will let you know if I find any additional information.

P.S. I heard that Citizens accepts you if you are part of a formal postbac.

 

[twocats]

Yes! It did work out-- great rate (6%) and normal deferment periods (so you can defer until you get out of med school). You might have to call a few times and talk to different people-- at first they told me I was not eligible but eventually I was able to find a rep who could help me. Good luck!