Supplemental loans? (Above and beyond COA budget)

MJB said:

Does anyone know the best places to look for these private loans? We are interested in getting one for a one time deal if at all possible.

Any help appreciated.

Click to expand...

T.H.E.

northstar.org

myrichuncle is where i got mine. I really like them, and it is much better than the BOA maximizer, in my opinion, in regards to terms.

CorpusERdoc said:

T.H.E.

northstar.org

Click to expand...

T.H.E. does NOT offer private loans that will not cost against your COA. If you want to utilize their private loans, your school will have to agree to increase your COA.

Try Wells Fargo MedCap.

It'sElectric said:

T.H.E. does NOT offer private loans that will not cost against your COA. If you want to utilize their private loans, your school will have to agree to increase your COA.

Try Wells Fargo MedCap.

Click to expand...

Very true.

Let us know your experiences with Wells Fargo. We can always use more lender data.

It'sElectric said:

T.H.E. does NOT offer private loans that will not cost against your COA. If you want to utilize their private loans, your school will have to agree to increase your COA.

Try Wells Fargo MedCap.

Click to expand...

The residency & relocation loan always exceeds the COA.

CorpusERdoc said:

The residency & relocation loan always exceeds the COA.

Click to expand...

Unfortunately, the op is a first year medical student, so he wouldn't qualify for those. Normally when someone asks about loans that exceed the COA, they're not 4th year students who do have (relatively) easy access to other loan sources.

Doctor Bagel said:

Unfortunately, the op is a first year medical student, so he wouldn't qualify for those. Normally when someone asks about loans that exceed the COA, they're not 4th year students who do have (relatively) easy access to other loan sources.

Click to expand...

For first year students, THE offers private loans.

See the link: http://www.northstar.org/Med/LoanTypes.aspx

CorpusERdoc said:

For first year students, THE offers private loans.

See the link: http://www.northstar.org/Med/LoanTypes.aspx

Click to expand...

Yes, they do, but they don't offer any loan programs aside from maybe residency/relocation loans that allow people to borrow beyond the COA.

Doctor Bagel said:

Yes, they do, but they don't offer any loan programs aside from maybe residency/relocation loans that allow people to borrow beyond the COA.

Click to expand...

Then explain this:

"The T.H.E. Private Loan is designed to complement federal loan programs for those who require additional resources beyond the federal loan limits."

CorpusERdoc said:

Then explain this:

"The T.H.E. Private Loan is designed to complement federal loan programs for those who require additional resources beyond the federal loan limits."

Click to expand...

I think that's talking about the maximum lifetime federal loan limit and not the COA. I may be wrong.

TMP-SMX said:

I think that's talking about the maximum lifetime federal loan limit and not the COA. I may be wrong.

Click to expand...

I think you're right. Their website is a little less than clear right now because they're obviously going through some major changes, but they're never offered loans that let you borrow above the COA before, and I'm not seeing them branching into that area right now in this market.

TMP-SMX said:

I think that's talking about the maximum lifetime federal loan limit and not the COA. I may be wrong.

Click to expand...

I can assure you that's exactly what it is referring to. I'm not speaking out my ***...I tried to use T.H.E.'s private loans for additional money beyond my COA. I'm a 2nd year, and I've used them for all of my other loans, so I just wanted to keep things convenient and with one source.

T.H.E.'s private loan option (not residency/relocation loan) is just another alternative to the Grad Plus. It will not cover money beyond your school's COA, unless the school approves an increase for you.

Any loan described as cost of education minus financial aid and/or must be certified it CANNOT be used over the COA.

http://www.alternativestudentloan.com/graduate-student-loan.php

check this site out. from what i can read this private loans DO NOT take into account financial aid that you are receiving. you can borrow up to the COA.