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extra loans for childcare expenses?

Discussion in 'Financial Aid' started by DDuncan, Jun 12, 2002.

  1. DDuncan

    DDuncan Senior Member
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    For those of you with children, does your school allow you to take out additional loans to cover the cost of your childcare expenses?

    I am interested in getting a comparison for what is allowed at other schools. My school is indicating that the maximum we can get per month is $400 per child.

    On another note, I can't seem to find the "search" feature for these forums. I know there used to be one. I am looking for a link to the "older students" web page that I had seen several months ago.

    thanks,
    Derek
     
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  3. LoanGrl

    LoanGrl Member
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    I'm guessing that you are looking for the OldPreMeds site, and that's at <a href="http://www.oldpremeds.net." target="_blank">www.oldpremeds.net.</a> Sorry, I don't know the answer to the childcare question. Good luck to you! :)
     
  4. jlw2004

    jlw2004 Member
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    I know that our school puts in a "standard" $200 / month if you have children to cover child care. For the year. <img border="0" alt="[Laughy]" title="" src="graemlins/laughy.gif" /> That $2400 lasts me &lt;2 months. I went to talk to them about it and they told me that if I can prove I pay more, they'll put the full amount I need into the package. That means I can borrow up to $14000 -as an alternative loan - over and above what a single non-parent student can borrow, not that I'd recommend taking that much debt unless absolutely necessary. Check with your financial aid office and see if you can take more if you can prove expenses.
     
  5. DDuncan

    DDuncan Senior Member
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    </font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by jlw2004:
    <strong>I know that our school puts in a "standard" $200 / month if you have children to cover child care. For the year. <img border="0" alt="[Laughy]" title="" src="graemlins/laughy.gif" /> That $2400 lasts me &lt;2 months. I went to talk to them about it and they told me that if I can prove I pay more, they'll put the full amount I need into the package. That means I can borrow up to $14000 -as an alternative loan - over and above what a single non-parent student can borrow, not that I'd recommend taking that much debt unless absolutely necessary. Check with your financial aid office and see if you can take more if you can prove expenses.</strong></font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">I tried talking to financial aid office and they refuse to increase the amount for childcare. I have documented all of the expenses.
     
  6. paean

    paean Senior Member
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    Ask to make an appointment with the director of financial aid (if you haven't already) and make your case to her. Often if you run into a brick wall with someone lower, it's because they don't have the authority to make decisions outside of their guideline binder, and don't want to bother the people above them. If that doesn't wark, ask the dean of the medical school if she can interceed for you. At least somewhere along the way, you will either get what you need financially, or the reason they won't allow you to get additional laons (which cost them nothing).
     

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