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Our economic turmoil and receiving federal financial aid

Discussion in 'Pre-Medical - MD' started by Meetchy, Dec 4, 2008.

  1. Meetchy

    2+ Year Member

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    As we all know, our economy is going to crap and it doesn't seem like things will get any better any time soon.

    I'm wondering if this will impact our (future medical students) ability to receive federal student loans. This whole issue has been bugging me a lot lately and I'm just looking for thoughts/opinions.

    Thanks!

    Just an upsetting side note:

    Several big car companies are stating that they will need $34 billion in federal loans within the next year and up to 3 million employees face job loss.:(

    http://money.cnn.com/2008/12/04/news/companies/senate_hearing/index.htm
     
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  3. DrYoda

    DrYoda Space Cowboy
    Physician 10+ Year Member

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    Since the cash is from the feds, federal loans will still be available, and it won't be a big issue to get them. Private loans on the other hand will be more tricky.

    As far as the economy: Best time to be a student, ever.
     
  4. Chemist0157

    10+ Year Member

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    Yeah, we'll be in school, instead of being unemployed!
     

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