Need your help about alternative loans please!

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

neurobiology

Junior Member
7+ Year Member
15+ Year Member
20+ Year Member
Joined
Dec 7, 2002
Messages
23
Reaction score
2
Points
4,531
I am in a financial situation where I will have to borrow more than the cap that Medloans has set for medical students to borrow. (Medloans is the alternative loan place that my med school uses for students to borrow their stafford and alternative loans.)

The reason for my high debt is because even though I worked most of the time that I was in school, I had to pay for all of my tuition and fees with loans for my bachelors, post-graduate, and masters degree, and I am married and have a family. My med school is quite expensive too, which hasn't helped matters. I have pared down my budget as much as it will go and still be able to raise my family.

I will meet the cap in the middle of my third year and my problem is that the head of my financial aid department does not want to sign the necessary forms that would allow me borrow the additional money that I need to graduate. Medloans is more than willing to let me borrow the additional money (I have almost perfect credit) but only if the financial aid person will sign saying that it is o.k that I borrow that additional amount that I need.

Does anyone know a way around this? Are there alternative loan places that will lend me money without needing the signature of the financial aid person? Also, do I have to only use Medloans since it is the one that my school uses?

Thanks very much for your input!
 
Twenty people have read my post above. Will someone take the time to help me with this predicament? I really need your help!

Thanks!
 
TRY THE EDUCATION ONE LOAN PROGRAM. THEY WILL ONLY VERIFY YOUR ENROLLMENT AND GIVE YOU UP TO 20G DEPENDING ON YOUR CREDIT HISTORY.

GET YOUR WIFE TO COSIGN FOR YOU
 
Patient,

Thank you very much for website! I will try and contact them tomorrow.

My lender, Medloans, actually gets their funds from Bank One. I would like to do a search for other major banks that have programs like they do. Could you tell me what search engine you used to get the website you gave me?

Thanks! I really appreciate the info.
 
neuro


I searched using yahoo and google.

the only two lenders that if found that can offer loans without passing through your financial aid office but will call to verify your enrollment if the one I already mentioned and the one below.
They will give up to 20G or more .. Call these guys and ask about their programs.

http://www.gsfc.org/GSFA/SCL/dsp_GAFirst.cfm
 
Patient,

Thanks again - you've been a great help!
 
Top Bottom