• Advice You're Thankful for Contest

    Now that it's getting close to Thanksgiving, we're running a contest to hear advice you've received that you're most thankful for! This can be any type of advice and the advice with the most reactions will win!


American Medical Students Loan/Funding Irish Medical Schools


Senior Member
7+ Year Member
15+ Year Member
Aug 2, 2003
La Jolla, CA
    Hey Yaaaaa,

    I have accepted an offer by UCD and filled out the Stafford (Key) and the Alternative loan by ISLP.

    The Stafford Sub and Unsub ($18,500). That one is a no-brainer, no real wiggle room here.

    That leaves about $31,500 greenbacks to muster up. You can only get $25,000 by yourself.

    I just spoke with IESC (1-8888-296-4332) who broke it down like this: you pay prime (5.5%) plus 0.25% if you are credit worthy. Then you pay a 6% origination fee plus a 3% tail fee (Educaid/Wachovia Bank). This amounts to about $6,000 for each $25,000 you take out. For five years $125,000 ends up being about $155,000. After that point, the accrued intrest is combined with the principal and then that lump sum starts to to accrew interest while you defer during your residency. You can defer for up to 9 months afteryour residency ends.

    I guess the take home is take out as little as humanly possible. The extra 6,000 for each 25,000 grand is 25% of the value of the loan!!!! Crazy!
    What are yall doin to pay for dis?
    About the Ads
    This thread is more than 16 years old.

    Your message may be considered spam for the following reasons:

    1. Your new thread title is very short, and likely is unhelpful.
    2. Your reply is very short and likely does not add anything to the thread.
    3. Your reply is very long and likely does not add anything to the thread.
    4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
    5. Your message is mostly quotes or spoilers.
    6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
    7. This thread is locked.