I am wondering how smooth the process is for receiving FA when you get accepted into medical school. Tuition isn't cheap and my only fear is getting denied funding without finishing. Any advice? Appreciate it.
Financial Aid
- Thread starter TLPRRT
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they'll give you enough dough to cover tuition and living expenses for all 4 years. loans are the last thing you should be worried about.
in general it's pretty similar to undergrad, at least so far as the process goes. you need to keep track of your deadlines and that's about it. Packages for incoming students usually come out around April-ish, unless you get picked for a monster merit scholarship, which might come sooner at some places because they are trying to recruit you.
i'm not sure i understand your question about being denied funding...? if you mean getting to third year and being told there's no money, well that shouldn't happen unless the scholarship fund was tied up in AIG stock (true story some places, there were some pretty sad people out there). even then, there are ALWAYS loans. Student doctors at LCME schools are some of the best credit risks out there, and regardless of your financial situation you should qualify for $40k+ in Staffords every year (unless your cost of attendance is lower than that).
i'm not sure i understand your question about being denied funding...? if you mean getting to third year and being told there's no money, well that shouldn't happen unless the scholarship fund was tied up in AIG stock (true story some places, there were some pretty sad people out there). even then, there are ALWAYS loans. Student doctors at LCME schools are some of the best credit risks out there, and regardless of your financial situation you should qualify for $40k+ in Staffords every year (unless your cost of attendance is lower than that).
Thank you for the advice. I had an encounter where I was in a particular professional program (not medicine) and I got halfway through when the lending agency denied me the rest to finish. So on that note I'm stuck with a loan payment and nothing to show for it. It's comforting to know that the process is usually smooth and funding is available because I don't want to be caught in the same situation. Again, I appreciate the help and advice! Thanks a lot!! 🙂
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Lending agency? I don't know where you were getting your loans but stafford federal loans don't run out until you hit $224,000 aggregate. After that point, grad plus loans are there. That's what you would be getting assuming you are in the US.
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The whole process is really simple considering the amount of moolah being exchanged. My school has a wonderful financial aid lady who keeps all of our duckies in a row for us.
It is the easiest 300,000 dollars of debt I have ever accumulated.👍
It is the easiest 300,000 dollars of debt I have ever accumulated.👍
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moving to Financial Aid forum
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