First Year Student and tuition advise.

[WinterAgain1119]

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Just the other day I recieved the bill for the up coming semester at NYCOM. It is pretty crazy because after ~20,000 being paid by loans I still have an outstanding of 19,000.

I was wondering if anyone knows of good outside private loaners that I can takeout from to cover the remaining difference. Preferrably one that doesnt start repayment until residency.

All help is appreciated. Thanks in advance. 😍

 

[Dr JPH]

Just the other day I recieved the bill for the up coming semester at NYCOM. It is pretty crazy because after ~20,000 being paid by loans I still have an outstanding of 19,000.

I was wondering if anyone knows of good outside private loaners that I can takeout from to cover the remaining difference. Preferrably one that doesnt start repayment until residency.

All help is appreciated. Thanks in advance. 😍

Federal Stafford loans should cover $38,500/year for 4 years while in medical school.

Also be sure to max out on Grad Plus and Perkins loans.

These are all federal loans with fixed interest rates and lengthy repayment terms (30 years).

 

[mshheaddoc]

moving to the financial aid forum.

As of July 1, 2007, the maximums for federal aid for medical students are as follows:

Per year: $40,500 (maximum $8500 subsidized)
Aggregate: $189,125 (maximum $65,500 subsidized)

Any gaps SHOULD be filled in with PLUS loans. If you do private loans you are throwing away money. PLUS loans will allow you to make up the gap between federal monies and the cost of attendance for your school. PLUS, you get the benefits of having a federal loan (deferal/forbearance). Please read more about the details of the PLUS loan program though to fully understand it.