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Thread: Loan Limits

  1. #1
    HockeyTown is offline Junior Member 510 points
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    Loan Limits

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    I'm starting my first semester at AUA in basic science, and just recevied the finanical aid info. How do you fill the gap between the max loan limit, and the actual cost of living?

  2. #2
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    emrbu8 is offline Member 510 points
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    do search, you need more money.... there is no way to fill it except with your own personal money... med 1 and the MBA program is not a good idea...

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    gucci2513 is offline Junior Member 510 points
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    Are you starting may 2010 or sept 2010?

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    iwanabmd is offline Member 516 points
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    only wise choice is personal savings.
    STEP 1 [X] STEP 2 [X] STEP 3[X] PGY - 1 [X] PGY-2 [*]

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    Lancelot is offline Member 520 points
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    Why is Med 1 and the MBA program (or MPH program?) not a good idea?....is it because you would finish the online degree too quickly and then run out of money towards the end during the later semesters?

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    HockeyTown is offline Junior Member 510 points
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    I start this comming May. What is med1?

    On a side note, I'm not in favor of getting a MBA or MPH. Yes, it will fill the gap, but it will add significantly to the money I'm taking out. And for a degree, that I really don't want or need.

  7. #7
    emrbu8's Avatar
    emrbu8 is offline Member 510 points
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    Med 1 = Medical Semester 1 (2, 3, 4, and so forth). It is a semester that based on roughly 4 months. 16 months on the island = 4 semesters, although, I hear they are trying to change to a full 2 years on the island.

    The MBA, while it fills in the gap, will have you finish the program while still in AUA and then you will be responsible to pay back the loan once that is done. Also, the course load may not be appropriate when trying to work on your Basic Sciences.

  8. #8
    iwanabmd is offline Member 516 points
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    Lancelot, you are correct you will run out of money towards the ending semesters (WHEN your REALLY NEED IT) and to top it off you will have to start paying back that loan (there are ways around it, but to be safe assume you will ahve to start paying it back) while in your MED6-7 ish semester
    STEP 1 [X] STEP 2 [X] STEP 3[X] PGY - 1 [X] PGY-2 [*]

  9. #9
    HockeyTown is offline Junior Member 510 points
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    Thank You emrbu8 for telling it like it is. Its hard to get straight answers from the finacnical aid office. And I agree, I dont want to spread my self thin on the basic sciences. If anyone has any other ideas, don't be afraid to share them.

  10. #10
    iwanabmd is offline Member 516 points
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    if u can build a personal account of 4-5k from working before you come here, u should b able to make it through med4 on just AUA loans (3k spending money per semester) assuming u dont have a problem living in a double. then the MBA program can take over
    STEP 1 [X] STEP 2 [X] STEP 3[X] PGY - 1 [X] PGY-2 [*]

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