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Old 04-25-2008, 02:28 PM
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Join Date: Apr 2008
Location: Arkansas
Posts: 2
Default Medical School Loans

Hello. This is my second post on these forums. I have another active post in the debt forum.

This is a completely different issue.

My fiance is going to be attending med school in the fall of 2009. Neither of us know any doctors well enough to talk to them about this kind of thing. Was hoping maybe someone here had experience in this area.

Questions....

1.) Do they give loans based on ability, transcripts, etc? Or is it all still based directly on credit scoring?
2.) Are there institutions that concentrate specifically on med, dental, law schools that tend to lend money without as many strict requirements?

It's just my fiance and I both come from families without a lot of good credit and for sure no doctors or lawyers in our family. My fiance is very intelligent and ready for med school, we just have to get the money side of it taken care of.

Thanks very much in advance.

-D
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Old 01-30-2009, 01:21 AM
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Join Date: Jan 2009
Location: Kansas, USA
Posts: 14
Default Re: Medical School Loans

If you need to take a loan out, federal money is always the cheapest, if that does not cover it you will need to shop around for a private loan. Just don't get yourself to far into debt as it will still need to be repaid. Make sure that it can be paid back before you are 40 as after that it is generally your highest earning years and you will want to save as much as possible.
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