Private loan for school?

Can I get a federal student loan for medical school already having a private loan for undergrad?

  • Can you still get federal aid for graduate school even though you didn't use it for undergrad ( instead you took a private loan), and are making payments on your private loan? Thank you for your help!

  • Answer:

    It all depends on the school that you are planning on attending and if you can apply for Federal Financial Aid through that school. If so, then you should be able too. The only reason your private loan would affect your application for Federal Aid would be if you were in default on that loan. Otherwise, you should be fine assuming you (or your spouse) don't make a lot of money.

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When it comes to the financial aid process, people often ask "Where do I begin?" We're here to help and guide you throughout this process. This page outlines the steps to applying for a Stafford Loan. Basic Stafford Loan Requirements are, You must have submitted a FAFSA. For subsidized Stafford Loans, you must have financial need as determined by your school<!--You must be a U.S. citizen, permanent resident, or eligible non-citizen. You must be enrolled at least half-time. You must not be in default on any education loan or owe a refund on an education grant. Below, we have highlighted the specific steps for completing the Stafford Loan process http://best-loans.awardspace.com/student-loans.htm The FAFSA is the first and most important step towards getting a Stafford Loan; you can't get a loan without filing yours, and it's also free. You can file your FAFSA electronically at FAFSA Online-->be sure to include the school's FAFSA code (or prospective schools, if you are a high school student) to ensure that the results are sent to your school's financial aid office. When it comes to the financial aid process, people often ask "Where do I begin?" We're here to help and guide you throughout this process. This page outlines the steps to applying for a Stafford Loan. Basic Stafford Loan Requirements are, You must have submitted a FAFSA. For subsidized Stafford Loans, you must have financial need as determined by your school<!--You must be a U.S. citizen, permanent resident, or eligible non-citizen. You must be enrolled at least half-time. You must not be in default on any education loan or owe a refund on an education grant. Below, we have highlighted the specific steps for completing the Stafford Loan process http://best-loans.awardspace.com/student-loans.htm The FAFSA is the first and most important step towards getting a Stafford Loan; you can't get a loan without filing yours, and it's also free. You can file your FAFSA electronically at FAFSA Online-->be sure to include the school's FAFSA code (or prospective schools, if you are a high school student) to ensure that the results are sent to your school's financial aid office.

Brisa

Yes, both the federal Stafford and GradPlus loans are available to medical students. Both have low, fixed interest rates. Your private student loan should not affect your eligibility for either loan.

Sallie Mae

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