<p>Nope - post 19 is pretty much how I understood it as well, although I stand corrected on the 90-day delinquent thing - I thought it was only for defaults or similar offenses. I guess my point was that it is very difficult to get rejected by federally guaranteed loans, unless you were completely irresponsible with your credit in college… in which case, yeah you might have some trouble. </p>
<p>If you think you might be in this situation, you need to check your credit reports (all 3) immediately and then contact your creditors. They actually have the power to remove anything that they put on your credit report, and people have had success getting them to remove bad marks before the date they would otherwise fall off the report.</p>
<p>“If you do the Army/Air Force program, there’s two methods of repayment. Either you give four years back at almost no pay (but you still get all the benefits of living on a base) or you give back like 6 or 8 years at full salary”</p>
<p>The AAMC “financing” site and the GradPlus site should be on every pre-meds reading list. </p>
<p>O.K. Let’s see if I can nut-shell this. Federal loans (Stafford) are available without any credit considerations* up to their yearly max (and their lifetime cap which includes UG). GradPlus loans are available up to the full cost of attendance but having an adverse credit history (which they define quite loosely, see above) , as opposed to just “no credit”, can kill you. </p>
<p>Using my data point as an example (she just loves it when I do this;)) the amount she can take out in Staffords would most likely fully cover her entire COA for her in-state schools (Texas). But for every other school on her list she will have to have access to other funds. For those schools her credit history will be a factor in determining whether or not she can afford to attend. </p>
<p>*There are exceptions.</p>
<p>This discussion did not consider the use of institutional funds.</p>
<p>first, r u an international student? if yes, i guess no since u said u don’t have money and they don’t offer financial aid to internationals. they do not offer financial aid to green card now. only citizens are a consideration. yet, it’s still quite hard to get financial aid. it’s not the government don’t want to give, just nothing to give … i am sorry but it is the sad truth… i have few friends that are going to med school in my current lab. only 2 left for med school, others just can not get the financial aid.</p>
<p>"Im going to work my butt off (if possible) to earn enough money since i know medical school is so expensive. "</p>
<ul>
<li>You will never earn anywhere close to pay for Med. School. Instead, “work your butt off” on your academics to get Merit awards and choose UG that gives you lots of Merit scholarships.</li>
</ul>
<p>Well that’s just not true. The SGR schedules a massive pay cut – something on the order of 21% right now – and will be automatically enacted within a couple of months unless Congress proactively reverses it. Congress almost certainly will (they have been for something like fifteen years) override it, but I would think a bill that automatically schedules a very large pay cut counts as “substantive talks.”</p>
<p>No, it’s across the entire field. The pay cut for a subset of radiologists (and cardiologists) is a separate action which is much more likely to take place.</p>
<p>I don’t think the SGR is ever actually going to get implemented (although Congress waited long enough that it was technically in place for a little while last year). The radiologist and cardiologist cuts might actually happen. But the SGR is literally a law on the books that says physicians’ pay will get dramatically slashed. It might be about to expire again, actually…</p>
<p>EDIT: Jan 1, 2012. So another seven months. And I’m willing to bet Congress will override it again in about six and a half months.</p>
<p>i am interested in the army/air force program and the two methods of repayment has anyone done this and how do i go about getting the info to start this.</p>