Financial Aid Question

[VneZonyDostupa]

Hey guys -

I posted a similar question in the allo forum, but they must be busy studying or something =P

So med school apps, interview stuff and a few personal expenses, i've got a couple thousand in credit card debt i am paying on every month. I know you are supposed to use your med school loans for living expenses like rent and such, but can i use it to pay my card off in full?

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[Abilene85]

I know you are supposed to use your med school loans for living expenses like rent and such, but can i use it to pay my card off in full?

The way I understand it, medical schools expect you to start at $0 debt. This means no credit card payments, no car payments, etc. I think you can use loans to pay off your credit card, but it just means you will have to take away from other areas - live in a cheaper apartment, minimize entertainment costs...

 

[VneZonyDostupa]

hmmm. It seems odd they wpuld expect you to start with no debt. How are we supposed to come up with the money for amcas, mcat, secondaries, flights/driving to interviews, and such when most of us are full time students?

 

[Abilene85]

Parents, savings from summer jobs...

A lot of things don't make sense about financial aid.

 

[VneZonyDostupa]

Parents, savings from summer jobs...

A lot of things don't make sense about financial aid.

hmm, well, guess I'll just have to use part of my loans to pay it off and just not tell anyone =)