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Thread: Do loans cover ERAS?

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    sgu1 is offline Junior Member 511 points
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    Do loans cover ERAS?

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    Does anyone know if our loans cover the extra cost of ERAS applications and then cost of travel to interviews etc and if it does cover how much do we get? Thanks

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    Nope.......not to my knowledge. All the travelling and application costs are coming from your own pocket........

    But on AAMC's site.........or ERAS's site..........I forgot which......I did see a loan program availabe to students allowing them to borrow money for the purposes of applying.
    Think twice before you speak, and then you may be able to say something more insulting than if you spoke right out at once - Evan Esar.

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    thxleave is offline Elite Member 7201 points
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    Quote Originally Posted by tin_md View Post
    Nope.......not to my knowledge. All the travelling and application costs are coming from your own pocket........

    But on AAMC's site.........or ERAS's site..........I forgot which......I did see a loan program availabe to students allowing them to borrow money for the purposes of applying.
    So like it's recommended probably to budget to save up to at least 5k by time it's ERAS application or something?

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    thxleave is offline Elite Member 7201 points
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    Quote Originally Posted by sgu1 View Post
    Does anyone know if our loans cover the extra cost of ERAS applications and then cost of travel to interviews etc and if it does cover how much do we get? Thanks
    Yeah, I'm curious about that too. I heard there is a Citi loan for that, though so far I keep googling and there isn't that many details. Not sure if the special residency relocation loan applies to Caribbean students also. I'm years away from this step, but am trying my best to be financially prepared. I spoke to some students from SGU, a lot knew someone that used the Citi loan. Though haven't spoken to any that personally used it.

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    thxleave is offline Elite Member 7201 points
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    Quote Originally Posted by sgu1 View Post
    Does anyone know if our loans cover the extra cost of ERAS applications and then cost of travel to interviews etc and if it does cover how much do we get? Thanks
    Here's the link about the citi loan for residency relocation:
    https://www.studentloan.com/privates...eviewloans.htm

    There's Sallie Mae:
    https://www.salliemae.com/student-lo...esidency-loan/

    I'll probably call Financial Aid office tomorrow, maybe they will have more answers. Just a bit afraid of that department, they always seem short on time.
    Last edited by thxleave; 05-14-2012 at 12:43 AM.

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    rokshana is offline Member Guru 11644 points
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    unless your school budgets ERAS and travel expenses into the COA for the 4th yr, then you need to find budget it yourself or have another source.
    Endocrinology, Diabetes and Metabolism Attending
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    try to keep your credit good if possible...........if you can.....apply for a credit card (or two) so that you have a credit line to work with when applying in ERAS. I know a lot of students who used multiple cards to pay for all the expenses b/c of limited funds. It's worth it......when u finally match.
    Think twice before you speak, and then you may be able to say something more insulting than if you spoke right out at once - Evan Esar.

    Surgery PGY-1 , Jul 2012 Hidden Content

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    Citibank residency and relocation loan can be taken out starting 3rd year. Total $18k can be taken out. Check sent to you. Must have good credit or a cosigner. Can be deferred until after residency. Sgu students can use it. I used this loan to pay for applying
    thxleave likes this.
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    thxleave is offline Elite Member 7201 points
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    Quote Originally Posted by Crispy View Post
    Citibank residency and relocation loan can be taken out starting 3rd year. Total $18k can be taken out. Check sent to you. Must have good credit or a cosigner. Can be deferred until after residency. Sgu students can use it. I used this loan to pay for applying
    I knew having 4 different credit cards were going to pay off somehow. Regardless are you recommending that people take out the loan during their 3rd year? I heard that's more convenient and worth the interest accumulating.

    So to clarify that 18k cover ERAS application, and the interviews/hotel fees? Thanks a lot for the information!

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    citibank doesn't do SGU students
    Think twice before you speak, and then you may be able to say something more insulting than if you spoke right out at once - Evan Esar.

    Surgery PGY-1 , Jul 2012 Hidden Content

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