Can I realistically do this?

[Dr Reanimated]

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Currently I'm 20 and in my 3rd year of college. Chances are I'm applying to dental school in then next few months. Of course, some private loans are needed. Currently I have zero credit card debt but then again its only been about a +year and I pay off my cards before every statement.

I have no debt, my car is paid off and along with most of my schooling (I only have 3k in loans, maybe another 3k if I study abroad for one summer session).


Can I ask for a bit extra in student loans if I were to apply to dental school, to buy properties? Say I apply to buffalo, I can realistically buy 2-3 houses with about 80k. Obviously one is for me and the other i would rent out for the 4 years of my schooling.

So I guess this is more about the whole private loan process.

Can I actually do this? Is there something that would stop me?

 

[jmt1984]

Currently I'm 20 and in my 3rd year of college. Chances are I'm applying to dental school in then next few months. Of course, some private loans are needed. Currently I have zero credit card debt but then again its only been about a +year and I pay off my cards before every statement.

I have no debt, my car is paid off and along with most of my schooling (I only have 3k in loans, maybe another 3k if I study abroad for one summer session).


Can I ask for a bit extra in student loans if I were to apply to dental school, to buy properties? Say I apply to buffalo, I can realistically buy 2-3 houses with about 80k. Obviously one is for me and the other i would rent out for the 4 years of my schooling.

So I guess this is more about the whole private loan process.

Can I actually do this? Is there something that would stop me?

First, do you mean you will be applying for the current cycle in a couple months? If so, I wouldn't recommend it, I would wait until June and just apply super early for the 2012 cycle, you would be much better off in my opinion.

Second, you are lucky to not have much debt from undergrad, however schools have a total cost of attendance number for federal loans, and the private loan industry is basically non-existent now, I think wells fargo offers a loan for pre-professional, but there are a bunch of strings attached.

If I were you I wouldn't get caught up in being a land-lord while a student, it would just be one extra thing distracting you (and potentially costing you extra money you are borrowing) from your school work. Just my two cents.

 

[7 Iron]

Currently I'm 20 and in my 3rd year of college. Chances are I'm applying to dental school in then next few months. Of course, some private loans are needed. Currently I have zero credit card debt but then again its only been about a +year and I pay off my cards before every statement.

I have no debt, my car is paid off and along with most of my schooling (I only have 3k in loans, maybe another 3k if I study abroad for one summer session).


Can I ask for a bit extra in student loans if I were to apply to dental school, to buy properties? Say I apply to buffalo, I can realistically buy 2-3 houses with about 80k. Obviously one is for me and the other i would rent out for the 4 years of my schooling.

So I guess this is more about the whole private loan process.

Can I actually do this? Is there something that would stop me?

This is a very bad idea and it will not work. Dental school loans are all through the federal government, and each school by law can only give you enough money to cover the expected "cost of attendance" which means tuition, fees, books, and MODEST living expenses. They will not give you an additional $80k loan so you can go buy a house. And a private bank will not approve you for a mortgage without any source of income.

 

[grx20718]

Btw, how do u buy 2 houses with 80k?