I'm a premed student in a BA/MD program (guaranteed seat into medical school). I'm in my 2nd year now. I have good grades (4.0) and am doing pretty well for the most part.
I was intending to graduate in the Spring of 2012 (during my third year, so one year early). Now I'm also considering staying in undergrad for the 4th year and/or applying to graduate school in the UK. However, my parents are less than supportive...I was told today that they won't cosign any loans. I never intended for them to be responsible for paying anything after my 3rd year of undergrad, but I thought they would at least cosign.
So, now I need to find out what I can do to pay for a 4th year of undergrad and/or grad school in the UK without support. I don't have a background that would help for need-based scholarships (Asian Indian, parents make a decent income). It seems that I can only rely on merit-based scholarships and private loans. A year of undergrad is about $13.5k(tuition, differential, fees)+room/board+books,etc. I can take $7500 from federal direct loans.
Is it possible for me to get a private loan without a cosigner? I'm 20 years old. I've had a credit card for about 5 months now (in my name only). I basically have the next year to build credit and save. I have a research job that pays $10.08/hr and I work 17 hours a week (plan to work 20 hrs/week in the summer).
Is it realistic that I would be able to get a private loan without a cosigner? Is there anything I can do to build my credit to make this possible? Are there any federal loans that I could get without a cosigner (federal loans seem to be applicable to UK schools, and grad programs automatically consider you independent)?