Financial Aid

[opee]

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[markdc]

You'll have to contact each bank/credit place individually. You will have to be very specific about what you are asking as well. There are loans that are on your own signature and then there are loans where you definantly need a co-signer. I'm almost certain that most instutions will require a co-signer for anything over 100000. You also didn't mention if you are Canadian or from the US.

As a Canadian the main place to get a loan is CanHelp (IEFC). You can go with Canadian banks as well but most of their loan schemes aren't anything special. Americans have a few more options like Stafford loans etc.

I found administration at the unis here have a government worker mentality so you are unlikely to get much help from them.

 

[Retinamark]

One company in Aust that specialises in loans to doctors is MedFin. They're often very happy to loan to med students because they usually end up bringing them more business when they graduate.

 

[opee]

Sorry for not being specific. Actually I was referring to Stafford loan.

 

[rgerwin]

This is pretty standard for stafford loans. In fact, you can Google it very easily. The amount differs considerably fo undergrad/grad. For grad you can borrow upt to 18,500/year (8500 sub/10000 unsub). However, for undergrad it is much less and contingent on your dependent status. If you are independent tax-wise you will get more. Look it up for specific numbers, it was too long ago for me to remember. Then you can apply for private loans. For undergrad programs, keep in mind you will have many moreprivate loans, and loans accruing interest for more years than a post-grad program.

 

[opee]

Thanks for the clarification. I was told by someone else, however, that the max would be the same like for those in the 4-year program.

I know that as an undergrad, normally you get much less, and it's based on your class level. It gets get me, out of the 10,000,000 X 10^9999999 US students who are doing the 6-year program, none of them is brave enough to come forward and answer this stupid question, nor does schools administrators, who would answer all other questions and avoid this particular one (I asked about 8 different one in different schools all around the world). Is it a taboo or what? 😡 😡 😡 😡

 

[rgerwin]

i don't know. I've never asked anyone else, b/c i've always had loans, so I have personal familiarity. Don't be fooled. Going undergrad for med school as a us student will take a ton more loans tha aren't stafford.