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credit card debt

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eukaryotic

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hello,

has anyone in the application process had a problem with credit card debt? will excessive debt cause you to get rejected?
 

stoic

"Time you enjoy wasting, was not wasted"
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It won't get you rejected, but you could have problems with financial aid (depending on your credit status).

Talk to you your schools financial aid people.
 

An Yong

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thats not good, because this application process is sucking the life out of my credit cards
 

DW

Fix me some sandwiches
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Your credit rating only comes into play if you have to exceed the maximum amount of federal stafford loans you can take on in a year and you have to get private/alternative loans to cover the rest of the cost of your education. Your yearly stafford maximum is ~38,500 a year and they do not consider your credit rating for the stafford loans, whether to approve or for interest rates. The alternative loans are a different story.

I would try to at least minimize any credit card debt you have coming into med school as much as possible, cause its tough enough getting by on a med school budget without any other financial liabilities.
 
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