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  1. #1
    onamission is offline Member
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    What to do when your Sallie Mae loans are maxed out???

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    I am a forth year in clinicals and I recently applied for my loans for this semester. (hopefully for the last time). My federal loans all went through but my sallie mae global health private loans didnt. When i called them they told me i was maxed out. When I asked how i was maxed out, they couldn't tell me details on what the max is. I was wondering if anyone else was in this situation and what they did to get a private loan. I know that AUC doesn't have too many affiliates with lenders. Do i HAVE to go through an AUC lender or can i go through somewhere else? What have other people done when sallie mae cuts them off? I hope someone can help. Thanks

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    ic222 is offline Member 510 points
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    I believe Wells Fargo will give you a loan without a cosigner. It's somethign to the tune of 15k a year if I'm not mistaken. You are looking for Private loans and the best threads to find those (which are discussed in great detail) is to check out the schools in which have not gotten Federal Loan Approval yet (SMU and SABA) - SMU in particular has a good thread about this.

    You can also look into Edinvest as well which gives 13k net a year. best of luck.

  3. #3
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    ChanceCount is offline Senior Member 510 points
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    Quote Originally Posted by onamission View Post
    I am a forth year in clinicals and I recently applied for my loans for this semester. (hopefully for the last time). My federal loans all went through but my sallie mae global health private loans didnt. When i called them they told me i was maxed out. When I asked how i was maxed out, they couldn't tell me details on what the max is. I was wondering if anyone else was in this situation and what they did to get a private loan. I know that AUC doesn't have too many affiliates with lenders. Do i HAVE to go through an AUC lender or can i go through somewhere else? What have other people done when sallie mae cuts them off? I hope someone can help. Thanks
    Try Gradplus. Good luck.
    "Always carry a flagon of whiskey in case of snakebite, and furthermore always carry a small snake."

  4. #4
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    slevit1MD is offline Ultimate Member 665 points
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    I don't think I was maxed out, but i used Citibank this semester anyway. Worked fine without a cosigner.
    slevit1, M.D. Hidden Content
    PGY-1, Emergency Medicine

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    ds_in_tx is offline Senior Member
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    I think the max for private Sallie Mae ("Student Signature" plus the "Global Health") is somewhere in the neighborhood of $125-150k without cosignor. No limit with cosignor *I think*. If you have considerable undergraduate loans that might also be added to your total as well. You can in theory (and maybe also in practice) max out Sallie Mae in 10 semesters.

    No sure how GradPlus figures into all this; GradPlus is significantly nicer than Global Health (as far as terms go), anyway.

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    rocky_wayne is offline Member
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    Use care...

    Please use caution when getting private loans (such as tuition answers from sallie mae). I am a resident and they told me I could defer these like all my other loans. Wrong!! I make a monthly payment because they aren't!

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    BiologyBY is offline Elite Member 672 points
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    I got a letter the other day saying that sallie mae was bought by dept of education, anyone else got it?
    Board certified Anesthesiology
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    SchoonerJay is offline Member 526 points
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    SallieMae used to permit deferments, but because of last year's economic situation they decided in the fall that they would no longer grant deferments. You must begin repaying when you graduate from AUC! (Note that this does not apply to the leave of absence taken between 5th and 6th semesters; however, you'll have to formally apply for a leave of absence or you'll be required to start making repayments.)

    I heard that Citi have recently changed their loan schemes too; so my advice for everyone is to contact your lender and find out what's new so that there are few(er) surprises come graduation.

    Good luck!

  9. #9
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    Macgyver1MD is offline Senior Member 535 points
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    hahahah i don't know how a resident can afford to pay a 250,000 loan... unles you get an economic hardship deferement.
    PGY-Attending Hidden Content FP

  10. #10
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    I did the gradplus loan through Citibank with no problems for my last semester.
    PGY-1 Preliminary Medicine Resident

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