My situation: A postbac/G'town SMP is the only hope for me to try to get into med school. My credit is shot and cosigners are pretty much out of the question. Tuition is $26,000, federal loans only go up to $18,500. Short of prostitution, is there a way through?
Any comments? additional advice? Can anyone confirm the last part of this message (ie were you able to get private loans despite bad credit for your post bac/ masters??)
I am pasting the following in from the Georgetown SMP yahoo listserve. It may help someone out there??
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Message 1537 of 2046
Date: Wed Jun 16, 2004 1:05 am
Subject: Financial Aid
Hey all,
I got the $18,500 in Stafford loans and all, but how do we go about getting the rest of the loan money needed for tuition and living? I want to apply so I get $$ ASAP, but I want to go to the right place.
>
> I figure a lot of people are trying to get the extra loans so you
>
> might have some advice.
> Thanks,
> V.
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Message 1540 of 2046
Date: Wed Jun 16, 2004 10:19 am
> Subject: Re: [physios] Financial Aid
> Private loans is the answer.
> check out fanniemae.com or accessgroup.com
> fill out the form, figure out how much you need and
> pray youve got good credit. otherwise find a
> cosigner.
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Message 2047 of 2048
Date: Sat Feb 19, 2005 4:26 am
Subject: Re: Financial Aid
Hi All-
What do you do if you cannont get a cosigner and have bad credit?
Is there any alternative to giving up?
Thanks in advance.
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Message 2048 of 2048
Date: Sat Feb 19, 2005 10:35 am
Subject: Re: [physios] Re: Financial Aid
I think every student is entitled to the 18,500 in Stafford Federal loans (this includes subsidized and unsubsidized). If you don't have a co-signer and you have bad credit, you may have a rough time getting private loans. However, I'm sure you can find a bank to loan you the money. They're usually more lenient when it comes to school loans. You may get a lot of extra surcharges though and a higher interest rate. When you get to Georgetown University, you will get a financial aid assistant who will help you through this process.