Question...

[Adsos Letter]

my daughter is just finishing her third year in medical school...one more year to go.

With all of the reports about tightening credit, what do you all opine are the chances that she may not be able to receive her final student loan to cover her fourth year.

Getting 3/4 the way through Med School, not being able to finish due to unavailability of credit, and being lift with a large debt to pay... well, that would REALLY SUCK...

[HopeFor2006]

1. What is the question?

[Adsos Letter]

2. I am wondering if you see credit tightening...

over the next year to a degree that would make it impossible for my daughter to receive her final student loan to complete her final year of medical scool... :scared:

[Warpy]

7. It's always a possibility

but might not be a probability. Medical school is seen as one of those "can't lose" loan investments. The field is high income and the loan will eventually be paid off one way or another--either by the doctor in practice or by the state if the doctor practices in an under served area for several years.

Students in their second year of liberal arts might have a much bigger problem than your daughter.

[lapfog_1]

3. Have her secure the loan now (if private).

else, if public (University or government) I wouldn't worry too much. Sure, it's a possibility. But if she has student loans already for the first 3 years of med school, whoever made those loans is likely to make the last year (else how are they going to get repaid!).

I assume she has been keeping the grades up for all this time. Now would not be the time to let them slip.

[Adsos Letter]

4. She has honored about 90% of her course work....

and received excellent evaluations in all of her various rotations through the different branches of medicine they do during their third and fourth years.

She is sort of a type-A personality...but loveable... :D

[HamdenRice]

5. Are you referring to this?

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4453185&mesg_id=4453185

It looks like DOE will bailout the student loan lenders. As one poster in that thread pointed out, it's a small bailout compared to credit cards and car loans.

[gravity]

6. I'm not an expert but

Your daughter is probably the lowest risk person to get a student loan. She has one year left in medical school, and will have a secure job that will pay well once she is done with residency.

I don't think she will have problems getting a loan, but I would check with an expert on this to be sure.