financial aid/loans with a house?

Student loan experts provide advice and support on medical student loan debt and repayment.

Moderator: Adminnaoum

Post Reply
miaou5
New Member
New Member
Posts: 4
Joined: Sun Sep 20, 2009 5:19 am

financial aid/loans with a house?

Post by miaou5 »

i'm currently thinking about buying a condo, with my parents as cosigners for the mortgage. i'm also going to be going to med school in a couple years, so will this negatively affect my eligibility for financial loans for med school? how about financial aid? thanks so much in advance!

DOdoc
Gunner
Gunner
Posts: 116
Joined: Sun Jan 22, 2012 8:32 pm

Re: financial aid/loans with a house?

Post by DOdoc »

Hi,

Havingyour mortgage first and then applying for student loans should not be an issue. There is a lot of money available by way of loans and when you draw student loans, these are not immediately in payback the way a mortgage does. For further information, you can call SallieMae (a big-kahuna lender) directly and ask to speak to a loan agent and they should be able to give more specific details.

Good luck in your pursuits!

Dr. F.

User avatar
sophie008
New Member
New Member
Posts: 1
Joined: Wed Oct 31, 2012 5:48 am
Location: Chicago, Illinois

Re: financial aid/loans with a house?

Post by sophie008 »

I agree with Dodoc, but at some point I guess prioritization in your part will be very effective with regard to your concern. This is because having both a mortgage loan and a student loan might cause you too much trouble in the long run.

zarmeda
New Member
New Member
Posts: 1
Joined: Sun Aug 28, 2016 12:54 pm

Re: financial aid/loans with a house?

Post by zarmeda »

"because having both a mortgage loan and a student loan might cause you too much trouble in the long run"
yeah thank u sow much

Post Reply