Family household income $200,000 but I'm expected to pay tuition myself. 0% chance of aid money?

[Dr. Premed]

Am I screwed?

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[Go_Pokes_11]

What is preventing you from receiving financial aid?

 

[Dr. Premed]

What is preventing you from receiving financial aid?

I'm talking about grant money that comes from the university. They use household income/tax returns to calculate need. So I guess you could say my parents' income is preventing me from getting aid.

 

[Go_Pokes_11]

I'm talking about grant money that comes from the university. They use household income/tax returns to calculate need. So I guess you could say my parents' income is preventing me from getting aid.

Sign as an independent.

 

[Dr. Premed]

Sign as an independent.

I will but my university, like most, require your parents tax information for any aid. I know the federal government considers me an independent for loans, but the university will still need my parents income information. What I'm asking is given the fact that the university will see how much my parents make, how much could I get in aid from the university, or am I dead in the water?

 

[vm26]

I will but my university, like most, require your parents tax information for any aid. I know the federal government considers me an independent for loans, but the university will still need my parents income information. What I'm asking is given the fact that the university will see how much my parents make, how much could I get in aid from the university, or am I dead in the water?

Unlikely you will receive any significant aid. Maybe your parents contribute 10-20K/year so you can avoid private loans

 

[ortnakas]

Medical school federal financial aid covers the full cost of attendance, regardless of your income or your parents' income. If you're a US citizen with enough credit or a co-signer for the GradPLUS loan, you'll be able to borrow the full amount with no problems.

If you're talking about other aid from your university, or if you're talking about undergrad, that's a different story.

 

[Dr. Premed]

Medical school federal financial aid covers the full cost of attendance, regardless of your income or your parents' income. If you're a US citizen with enough credit or a co-signer for the GradPLUS loan, you'll be able to borrow the full amount with no problems.

If you're talking about other aid from your university, or if you're talking about undergrad, that's a different story.

Didn't know the GradPLUS loan can cover everything, thanks for the info. My question was mainly oriented towards non-loan money (grants, awards, etc) that I don't have to pay back. I'm anticipating not getting anything so yeah

 

[AnatomyGrey12]

Didn't know the GradPLUS loan can cover everything, thanks for the info. My question was mainly oriented towards non-loan money (grants, awards, etc) that I don't have to pay back. I'm anticipating not getting anything so yeah

Professional students aren't eligible for grants. I'm assuming you mean like the pell grant. The GradPLUS loans covers everything, as was mentioned above.

 

[LutGholein]

You can also always try to apply to university scholarships. You never know you might just get it-- sometimes schools with also give you a bit of university/recruitment scholarships before your finalize your decision(KCUMB gave me a recruitment scholarship if I decided to go there) so there's always possibilities!

 

[tony101]

Grad Students receive no grant money, that is, you need to pay for it through loans or your own income(Or parents). So if you are filthy rich or dirt poor, you don't receive any kinds of grants. You can apply for Scholarships but that's about it.

 

[holdthemayo]

You are in the same boat as most students, including those with far less household income. Live frugally and pray that pay doesn't drop too much before you're an attending.

 

[NeuroPA]

Does anyone know if 600 credit score would suffice for a 200,000 loan? (I plan on attending WesternU-Pomona)

 

[NeuroPA]

I am a 24 year old URM, my mother is dead and father makes lower then 35,000 a year.

 

[AnatomyGrey12]

Credit score doesn't matter. They don't go off of it for federal loans. They look for adverse credit, you need to get a credit report to see if you have anything to clear up. Your credit score doesn't let you know if you do or not.