Can you give us more information? Are you a student, resident, ???Since the new fed unsubsidized loan rates are lower, would it make sense to take out the full loan amount and use some of it to pay off the loans from last year (that had higher interest rate)?
Last year interest rates:
Fed unsub: 6.08%
This year interest rates:
Fed unsub: 4.3%
So basically i would be using this years loans to pay off all of last year's, reducing loan accumulation to basically 3 years in total for med school instead of 4.
One comment on a reddit thread said it was "fraud" but i dont see how it would be?