StudentDoctorM

2+ Year Member
Dec 18, 2014
45
11
Status
Medical Student
So my school charges a 5% fee for ALL federal loans. This sounds ridiculous to me.
For example, if I borrow $40,000, there is a $2000 fee! wth??
4 years of medical school means about $250,000 ==> $12,500 for this "fee"
is this common to other osteopathic schools out there?
 

Elevencents

5+ Year Member
7+ Year Member
Sep 3, 2011
1,460
617
Status
For grad plus? Pretty sure that's the governments fee, not your school. Could be misunderstanding tho.
 

YankeeCandle1141

Membership Revoked
Removed
Account on Hold
Mar 3, 2015
370
340
You will learn to expect these things. Your finances will be exploited for the rest of your life. It starts with your school boning you with ridiculous student loan policies and delays. It gets worse.
 

ortnakas

DO PGY-2
5+ Year Member
Jul 23, 2013
3,015
4,323
Status
Resident [Any Field]
Yep. Blame the feds, not your school. If I remember correctly, at least it's an initiation fee, not a fee for each semester's loans.