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- Sep 16, 2008
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Alright, so this is a bit of an odd question, but I thought someone on SDN might have been in a similar situation.
Basically, the gist of things is that my Mom and Stepdad have expressed a desire to help me with my tuition for the last two years of medical school. For family political reasons and personal ones, I agreed to let them help me only under the stipulation that they would be giving me a loan -- that we would make the whole thing legal/binding/etc, and I would agree to pay them back, albeit with interest rates significantly better than I could have obtained via student loans and deferred until after residency.
Has anyone had a similar situation and could give me some advice about how I should set this up? I'm planning to set up a phone conference with their financial adviser in the near future, but I'm still not sure what the best way to go about setting this up is. Anyone have any advice?
Thanks in advance.
Basically, the gist of things is that my Mom and Stepdad have expressed a desire to help me with my tuition for the last two years of medical school. For family political reasons and personal ones, I agreed to let them help me only under the stipulation that they would be giving me a loan -- that we would make the whole thing legal/binding/etc, and I would agree to pay them back, albeit with interest rates significantly better than I could have obtained via student loans and deferred until after residency.
Has anyone had a similar situation and could give me some advice about how I should set this up? I'm planning to set up a phone conference with their financial adviser in the near future, but I'm still not sure what the best way to go about setting this up is. Anyone have any advice?
Thanks in advance.
