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The ever so hated subject - financial aid

Discussion in 'Pre-Medical - MD' started by jrunyan, Nov 6, 2000.

  1. jrunyan

    jrunyan Junior Member 10+ Year Member

    11
    0
    Oct 28, 2000
    Corunna, MI, USA
    Ok, I have another question for all of you.

    HOW DO YOU PAY?

    Obviously, most go the route of student loans. After Undergraduate, I am looking at having a total of 40,000 in student loans.

    Now, my problem lies in this, my parents dont want to cosign for any more loans. Are you required to have a cosigner for medschool loans, or are lenders more cooperative because of the major you are pursuing?
     
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  3. deziballer

    deziballer Member 10+ Year Member

    44
    0
    Jul 14, 2000
    Chapel Hill, NC
    hmmm...my parents never cosigned for undergraduate loans, and I'm pretty sure you can get med school loans without yor parents cosigning. I mean, you are technically an adult.
     
  4. Djanaba

    Djanaba Senior Member 10+ Year Member

    676
    2
    May 4, 2000
    Minneapolis, MN
    That's correct. Your parents do NOT cosign for medical school loans. Jump in!
     
  5. Cobragirl

    Cobragirl Hoohaa helper ;) 10+ Year Member

    1,301
    2
    Aug 18, 2000
    In residency HELL
    I'm only $50,000 in debt after my undergraduate years....I figure another $100,000 or so won't kill me. [​IMG]

    Parents are NOT needed to get the loans (not that mine would anyway!) Hell, I had to forwarn my Mom that despite the fact that I'm 30 AND married, the med-schools are probably going to want to see her tax returns! I hate that crap! I moved out when I was 16, and my parents haven't EVER given me money, let alone for school. I don't think that your parents income should be a factor once you're up to this stage (actually I don't think it should be a factor if you're over 21)! It's your life, and your debt!
     
  6. jrunyan

    jrunyan Junior Member 10+ Year Member

    11
    0
    Oct 28, 2000
    Corunna, MI, USA
    Thank you everyone for your responses. I am very thankful that my parents do not have to cosign...just one more thing for them to hold against me if they so choose (darn parental guilt trips)

    Thanks

    Jacob
     

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