Please note, I also posted this in the Canadian forum, but perhaps someone here can help also with resources within the US.
I found out 3 days ago, after waiting forever on 3 waitlists, that I got into Eastern Virginia Medical School 😎😎
Unfortunately, I now have a huge problem. Here are my circumstances: I'm a Canadian citizen, and I have spent my last ten years living in the US -- I went to high school and college in the US, and I'm currently working in the US. My parents are also Canadian citizens and also have lived in the US for the past ten years. None of us have green cards. My family doesn't have the money to finance my med school for all four years, which is ($50k tuition + $15k living costs) x 4 years.
I'm also in no man's land in terms of getting a loan--
1. I cannot get any American-based student loan without an American cosigner. I can't find a cosigner, especially since they gets no benefit from signing and only take on risk.
2. I'm not eligible for US government loans.
3. I cannot get any student line of credit (loc) at a Canadian bank for three reasons
3a. some banks only give loc for students going to Canadian schools
3b. some banks require the student to be a resident of Canada (to have lived in Canada in the past year)
3b. some banks require the cosigner to be a Canadian citizen living in Canada
3d. All the banks I have checked have limitation(s) a, b, and/or c.
4. Since I haven't lived in Canada for over 10 years, I haven't looked at provincial/government loans since I don't have any residency in any provinces.
So the problem is, I can't get a US loan because my parents can't cosign such a loan as Canadian citizens. But I can't a Canadian loan because my family doesn't live in Canada and don't have any credit in Canada.
I really am not sure what I can do at this point to secure loans for med school. I can ask my family, but I don't want my parents to put all their savings into my first year of med school without me somehow knowing that I can pay for the last three.
Any help would be immensely appreciated!
I found out 3 days ago, after waiting forever on 3 waitlists, that I got into Eastern Virginia Medical School 😎😎
Unfortunately, I now have a huge problem. Here are my circumstances: I'm a Canadian citizen, and I have spent my last ten years living in the US -- I went to high school and college in the US, and I'm currently working in the US. My parents are also Canadian citizens and also have lived in the US for the past ten years. None of us have green cards. My family doesn't have the money to finance my med school for all four years, which is ($50k tuition + $15k living costs) x 4 years.
I'm also in no man's land in terms of getting a loan--
1. I cannot get any American-based student loan without an American cosigner. I can't find a cosigner, especially since they gets no benefit from signing and only take on risk.
2. I'm not eligible for US government loans.
3. I cannot get any student line of credit (loc) at a Canadian bank for three reasons
3a. some banks only give loc for students going to Canadian schools
3b. some banks require the student to be a resident of Canada (to have lived in Canada in the past year)
3b. some banks require the cosigner to be a Canadian citizen living in Canada
3d. All the banks I have checked have limitation(s) a, b, and/or c.
4. Since I haven't lived in Canada for over 10 years, I haven't looked at provincial/government loans since I don't have any residency in any provinces.
So the problem is, I can't get a US loan because my parents can't cosign such a loan as Canadian citizens. But I can't a Canadian loan because my family doesn't live in Canada and don't have any credit in Canada.
I really am not sure what I can do at this point to secure loans for med school. I can ask my family, but I don't want my parents to put all their savings into my first year of med school without me somehow knowing that I can pay for the last three.
Any help would be immensely appreciated!
Only problem is that I haven't been in alberta since 2000 and went to middle school there, AND I've had my name changed, so there are still some hurdles to go through before I get this loan. If I do get it, though, I'm looking at $13k/year from Alberta and $7k/year from Canada = $20k/year which will go a long way into helping pay for medical school.
