Funding medical school

Heiditree
Tue, 09 Aug 2016 20:43:10 +0000

Thanks for the reply. I think the answers to the first two questions are no. I don’t want my credit tied up by her.

My daughter actually banks at our credit union so I will have her check it out. I figure she is going to have to borrow $200K+.

My DD said they mentioned if she makes 120 payments (10 years) while working for a non profit hospital what is left of her loan will be forgiven. She also said she was told that this is a new program and don’t count on it because things are always changing. (well if she got a loan at the credit union I don’t think it would be able to be forgiven) Anyways there is a lot to it and I wasn’t at the meeting. All kinds of different payment plans, etc.

P.S. Oh dear 7.5%, I thought 6.5% was bad. Does the interest rate change along the way? Can it go back up before she is done? Let’s hope it continues to drop.