u/LazyWeight8187

For the context, I am an incoming MD student. I will need to borrow 30k in private loans after the 50k federal per year. I have credit score of 800 and don’t have a co-signer.

I was offered various rates from various banks. For example, sallie mae gave me 3.6%, others gave me 6.6%. However, none of them have multiyear loan options and the deferment during residency is only 4 years after graduation.

On the other hand, there is a new partnership between Elfi and AAMC, where students won’t need any income requirements and there are multiple loan approval. Additionally, there is 8 years deferment option during residency. However, their rate is over 9% interest.

I am concerned because since I don’t have any cosigner, whether I would have problems getting approved for loans next 3 years although I am good for this year. This made me think to go with the Elfi one even though the interest is double sallie mae’s, just for the sake of multi-year approval and residency deferment.

I am here to seek advice from all the experts. Please advise what would be a wise choice for me. Thank you!

Need guidance on what loans to pick

For the context, I am an incoming MD student. I will need to borrow 30k in private loans after the 50k federal per year. I have credit score of 800 and don’t have a co-signer.

I was offered various rates from various banks. For example, sallie mae gave me 3.6%, others gave me 6.6%. However, none of them have multiyear loan options and the deferment during residency is only 4 years after graduation.

On the other hand, there is a new partnership between Elfi and AAMC, where students won’t need any income requirements and there are multiple loan approval. Additionally, there is 8 years deferment option during residency. However, their rate is over 9% interest.

I am concerned because since I don’t have any cosigner, whether I would have problems getting approved for loans next 3 years although I am good for this year. This made me think to go with the Elfi one even though the interest is double sallie mae’s, just for the sake of multi-year approval and residency deferment.

I am here to seek advice from all the experts. Please advise what would be a wise choice for me. Thank you!

For the context, I am an incoming MD student. I will need to borrow 30k in private loans after the 50k federal per year. I have credit score of 800 and don’t have a co-signer.

I was offered various rates from various banks. For example, sallie mae gave me 3.6%, others gave me 6.6%. However, none of them have multiyear loan options and the deferment during residency is only 4 years after graduation.

On the other hand, there is a new partnership between Elfi and AAMC, where students won’t need any income requirements and there are multiple loan approval. Additionally, there is 8 years deferment option during residency. However, their rate is over 9% interest.

I am concerned because since I don’t have any cosigner, whether I would have problems getting approved for loans next 3 years although I am good for this year. This made me think to go with the Elfi one even though the interest is double sallie mae’s, just for the sake of multi-year approval and residency deferment.

I am here to seek advice from all the experts. Please advise what would be a wise choice for me. Thank you!

I am here to just vent a little bit, please don’t mind me. I am on this waitlist for my top choice school. I am just tired of waiting every single day.

I interviewed in this school last year August, the interviewer gave very great feedback as if I would be in. Since then I’ve sent them 3 update and intent letters. They are my IS school, I live next to the school, and my stat is within their range.

I am so sad that I haven’t been able to get off the waitlist yet. The chances of getting off the WL is very slim atp. I will also have to withdraw from the WL spot in 20 days as per my current A.

I am regretting to have a top choice school. I wish I shouldn’t have focused so much on this school. I wish schools were more transparent on letting us know our waitlist rank, so we wouldn’t hopelessly wait. This cycle has been long and brutal already. I am tired.

Please drop your stethoscope recs. I want it to last long term, but don’t want it to be too expensive. Thanks!

I have been lucky enough to get into couple of MDs. Up until this morning, I was committed to a midwest school with quarter tuition scholarship. I am from NYC so I was sad about going to midwest.

This morning I got off WL to an In State private school and I am 100% sure I will attend this school because due to familial reasons, I would prefer stay in state. However, since I got off WL, I don’t know how to approach them about financial aid stuff. This school would be 63k more over 4 years, so I was wondering could I leverage my other oos scholarship to ask for financial aid at this school I got off WL. Or would it not be possible since it was an A off WL, not direct A?