<p>Does anyone know of any uncertified student loans? The school I’m going to be attending has an unreasonable COA. Their allowance for room and board is super low. Ive been approved for a certified loan, but the school won’t certify it because it’s above the COA. I’m a single mom of three kids and am going to be going to school full time for a Masters in Biomedical Sciences and then going on to medical school. I also have a dog and have to stay in a house as most apartments won’t take him and the lease at my house isn’t up for another 6 months. I haven’t been able to find any places that offer uncertified/noncertified student loans anymore. It looks like Sallie Mae, Bank of America, and Wells Fargo all used to, but not anymore. PLEASE HELP!</p>
<p>You are trying to get a private loan, not a student loan. Student loans are not issued in excess of the cost of attendance. Unless you can find someone to cosign with you, I think you are going to have issues getting a substantial loan.</p>
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Their allowance for room and board is super low. I
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<p>The estimate for R&B is not based on a student being able to rent a house and support 3 kids and a dog.</p>
<p>Before you get too deep in loans with the hope of going to med school, how strong a student are you? Do you have a support system in place? my son is in med school and there is no way he would be able to take care of 3 kids and provide support. </p>
<p>med schools will also have an estimate for R&B that is too low for your situation.</p>
<p>The cost of attendance of room and board for a college student is based on the STUDENT only. </p>
<p>The OP is a non-traditional student returning to college. In some places there are scholarships specifically for folks like her. She should see if anything like an award for non-traditional students is available.</p>
<p>@jberg0124 </p>
<p>How much are you borrowing, in TOTAL, for this masters program?</p>
<p>How much did you borrow for undergrad?</p>
<p>Plus, you will have to borrow for med school…and get some kind of funding your children, unless you receive adequate child support.</p>
<p>Sounds like by the time you are done, you could owe about $300k-400k or more. </p>
<p>Why do you need this masters? If you need the premed prereqs, you dont need a masters for that.</p>
<p>I have my prereqs done, but since I haven’t been in school in about five years, I got rejected from the med schools I have applied to. This is a special masters program, just for people that are trying to get into med school, but for some reason, haven’t been able to. It’s basically to show that you are able to handle the coursework. </p>
<p>I didn’t take out any loans for my undergrad, so as of right now, I don’t have any student loan debt.</p>
<p>In total, I’m trying to borrow 80,000 for the masters program, and I don’t plan on having any student loans for medical school, as I am joining the navy and they are willing to pay for it. </p>
<p>Thank you everyone for all of your input!</p>
<p>Jberg, set up an appointment with the school with an advisor who can go over what you seek to do, your situation and what is available. Perhaps this program is a good one for you, maybe it is not, given your situation. Also get an appointment with financial aid, once you see what your est alternatives are, and see what can be done about increasing the COA for personal situations. Some schools, some situations do allow this under some professional judgements. Some will not. </p>
<p>Without knowing more specifics than posts on this board will cover, it’s difficult to make helpful comments and give advice here. I’ve known a number of folks who did live off of school loans and fin aid and other such funds for a number of years, yes, and it was a very tough go both in so doing and in repaying those loans later. I’m an older parent whose oldest is probably older than you, so I am seeing many who are reaping what they have sown. I’m sure there are successes in doing this sort of thing, but they are few and far between. A close friend became a doctor in her late 50s, but she did this with a back drop of family support and solid finances, Even then the debt incurred is a big problem these days. </p>
<p>So taking a route that allows for pauses that can still give good paying employment opportunities could be a good idea. Just get all the info you can, glean it al from the advisors provided, so you know the pitfalls too.</p>
<p>It sounds like the OP is doing a post bac program. </p>
<p>OP, these are not usually funded in any way as you are seeing. Students have to pay to attend.</p>
<p>Your issue is you are expecting the loan folks to consider the expenses of your family (and dog). Most simply will not do this.</p>
<p>P.S. The armed forces school of medicine isn’t a slam dunk admission wise. Simply joining the navy does NOT guarantee acceptance, I believe. You might want to check. We know two med school students doing this route, and both had excellent MCAT scores AND excellent GPAs. They were accepted to other med schools as well, but chose the military route. </p>
<p>Do you already have a waiver to enter the Navy as a single parent with three dependents? If so, I must say that I am surprised. And as Thumper said, med school via the military is a very competitive program. DH has written recommendation letters for several excellent students who were not accepted for various reasons, including a few already in the military.</p>
<p>Jberg, we cross posted, so I did not see your last post when I wrote mine. </p>
<p>Do make an appointment with the financial aid director and ask if she can give professional judgement for your personal COA to be increased. Some schools do that. Whether this one can or will, until it is addressed, one does not know. </p>
<p>It’s not unusual for non traditional students to be turned down from medical school even with perfect grades. My friend who did finally get accepted tried three years in a row and it took that last time off the wait list for her to get the go ahead. That was with a 4.0 in all of her premed prep courses and a 10-10-10+ on her MCATs. So to be in a program that also has some potential for jobs and good pay even if the end result does not pan out is a wise move. Med school via the military is very competitive as is getting into med school at all, especially as a not trad.</p>
<p>An Uncertified loan is simply an unsecured loan which to get without a job,earnings history, credit, etc is difficult if not impossible to get, as you have seen. You’'d almost certainly have to begin payment immediately on it as well. </p>