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- May 6, 2002
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Stupid question probably but do medical school loans need to be cosigned?
Apparition said:Stupid question probably but do medical school loans need to be cosigned?
Cold Penguin said:It really depends on the lender and the type of loan programs, but in general, you do need one or two cosigners. However, if you have a good credit, your lender may waive that requirement. Also be aware that having a bad credit could force you to lose your accpetance, but this is the extreme worst case scenario. You should contact your school's financial aid office. Don't just call the office and ask whoever picks up the phone, but make an appointment with a counselor and talk to him or her in person.
Apparition said:Thanks for your response. I was under impression that only private loans need a cosigner. Does this apply to federal loans as well?
SanDiegoSOD said:No. Our Federal loans are cosigned by Uncle Sam