Unless you get citizenship in Australia you will be paying international tuition fees which is at least 4 times as much as domestic tuition. You can get US student loans for most med schools in Australia as well. With the new BBB 🙄 I will need to take out at least 200K in private loans just to pay for medical school. I am actively looking for scholarships and other ways to pay but I know most of my funding will come from private loans. Anyone else in the same boat ? Any advice on how to avoid drowning myself in debt for the rest of my life. Discuss student loans, scholarships, military funding, and financial aid strategies for medical, dental, and health professions school students. undergrad loans can be deferred during med school. -stafford/gvmt loans can be deferred (I think) forever while you're still full time. -private/bank loans for undergrad can be deferred for 10 yrs of full time schooling. -stafford loans cannot be deferred during residency. -private loans can be deferred for (in general) the first 4 years of. Private loans are very hard to get, you need excellent credit these days to get a private medical school loan. Also the Federal Program right now is much better because your interest rates are fixed. So I am confused about the whole medical school loan process. Any insight will be helpful. - I know federal loans only helps so much, so the rest comes from private loans. What programs with private loans are people going through? - You file your FAFSA every year right? So you get a. I was recently accepted to St Matthew’s University for fall of 2025. I am having a hard time finding much information and opinions from people currently attending. Does anyone have any insight on the program/school? Hey guys, I am currently taking out a private loan for medical school since my federal student loan aid was not covering all my costs. I am trying to figure out what the best private loan is to take out. Currently I am picking between College Avenue and Sallie Mae. Does anyone have other. why do you need private loans? medical schools use graduate degree federal loans which have the student as independent and are often enough for the student. you don't need cosigner for these types of loans. I'm not eligible for federal loans, but if I was, even then, I don't believe they cover the full COA of a 4-year OOS medical school. Does anyone know where one can get private medical school loans which don't have to be certified by the school. Please only constructive advice here (yes I know the dangers of debt yadda yadda). I have looked all over but it seems most banks will not cross the COA line set by the school.