u/S5Bardock

Hi all, I am struggling to figure out the best solution at the moment. I feel very stuck in what I can take out via loans and need some reassurance on what to do.

I am going into my first year of my DO program. As of right now, I have taken out the $50,000 max for the federal loan and now I am looking to take a $55,000 private medical student loan through Earnest with about a 12% apr. This has a cosigner on the loan and am just trying to figure out a plan moving forward. Any thoughts on where to go with this?

1. Refinance later on?

2. Pay it off as soon as possible once we get to the attending level?

3. Is this amount of money and interest almost normal for student loans at this amount?