i hope this made sense!
Certainly, thanks Chrisobean for your information. I called the financial aid just now and found out that how much Alternative Loan a student can take must be approved by the school. So, basically, as first year med students, we are guaranteed to get about $40,000 from the government loan. The school will make a budget for the year (they haven't yet for next year). Last year it was something like $56,000. So, the remaining outstanding balance can be borrowed by Alternative loan programs (ALP). Also, financial aid person told me not to do anything about the ALP yet until they send us the budget. So, I guess I should just wait for the award letter/budget letter. I guess it gives me some time to select which lender I want for my ALP.....any ideas?
Thanks