any other non-trad go through savings to pay for post bacc?

Dec 17, 2010
227
0
Pennsylvania
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Pre-Health (Field Undecided)
I pretty much would have to use up all my savings to pay for post bacc classes, makes me nervous not having a cushion in case anything happens.

Better then taking out loans though? or just keep saving for the safety cushion? :confused:
 

DrArete

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Apr 3, 2010
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I pretty much would have to use up all my savings to pay for post bacc classes, makes me nervous not having a cushion in case anything happens.

Better then taking out loans though? or just keep saving for the safety cushion? :confused:
If you can get a good enough interest rate, take out loans. At the very least you should take out the maximum in Federal Stafford loans. That's 12.5K, and you can pay it back over a long time.
 

MedWonk

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May 13, 2010
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I haven't gotten there yet, but my stafford loans will only get me through one year. I'll have to dig into my savings to pay for the other year. I figure it'll kill half my savings, and another quarter to go through the application process.
 
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Jun 10, 2011
1,109
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Pre-Medical
I haven't gotten there yet, but my stafford loans will only get me through one year. I'll have to dig into my savings to pay for the other year. I figure it'll kill half my savings, and another quarter to go through the application process.
You realize you can take out more Stafford loans every year, right? Or are you actually at the lifetime max? If so, how are you planning to pay for med school?
 

theseeker4

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Apr 20, 2011
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You realize you can take out more Stafford loans every year, right? Or are you actually at the lifetime max? If so, how are you planning to pay for med school?
There is a particular max you can take out for post-bach classes that are intended to gain admission to a graduate program. This lifetime max is 12,500 I believe. Obviously, additional money is available for medical school.
 
Jun 16, 2011
38
0
GA
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Pre-Medical
My advisor told me today that many post-bacc students apply as "degree seeking" although they don't intend to get a degree, just the pre-med requirements and possibly try to bump up their GPA. By being in undergraduate "degree seeking" status, even as a second undergraduate degree, you are eligible for the same Stafford loans as traditional undergrad students.
 
Dec 17, 2010
227
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Pennsylvania
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Pre-Health (Field Undecided)
i'm almost maxed out at the 57k borrowing limit

that's why i'm asking this question,

just taking two courses at the university is costing me about 483 a credit not including cost of books, definately soo much more costlier then when I went to cc

so that's why I may have to resort to higher apr private loans :(
 

MedWonk

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May 13, 2010
1,770
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New England
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Medical Student
You realize you can take out more Stafford loans every year, right? Or are you actually at the lifetime max? If so, how are you planning to pay for med school?
Not at Harvard Extension. The financial aid award letter explicitly states you qualify for Stafford Loans for up to 12 consecutive months (three consecutive terms, which would be summer, fall, spring, or some variation on that).
 
Jun 26, 2011
69
3
Los Angeles, CA
Status
Pre-Medical
i'm almost maxed out at the 57k borrowing limit

that's why i'm asking this question,

just taking two courses at the university is costing me about 483 a credit not including cost of books, definately soo much more costlier then when I went to cc

so that's why I may have to resort to higher apr private loans :(
I'm not too familiar with Harvard Extension, do they offer you a Certificate program? As a certificate student, you are not eligible for grant money through the school. You may be eligible for scholarships, though you will have to make sure that the scholarships you apply for do not require you to be a degree-seeking student. Grant money is financial need-based aid, whereas scholarships are merit-based.
 
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