I am hopefully going to be starting med school next fall, and i wanted to find out if there is a way to use the loans to pay for a condo or apartment (preferably a condo).
2006-08-27 17:15:32 · 4 answers · asked by Jawad K 1 in Education & Reference ➔ Financial Aid
Lots of info here.
2006-08-27 23:27:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, but you will have to find a sympathetic lender, as your repayment status isn't secure.
For example, what if you drop out or flunk out of school? Perhaps you should get a duplex where there is a rental unit that will cover the entire mortgage payment, for example.
2006-08-27 17:19:53 · answer #2 · answered by nora22000 7 · 0⤊ 0⤋
Please keep in mind that you will have to pay ALL that money back one day. Don't get in over your head trying to afford a nice place. You should try to split cost of housing with someone.
2006-08-27 17:21:28 · answer #3 · answered by tnblond29 2 · 0⤊ 0⤋
Plan properly.
You have to pay back everything
Loans can be managed
2006-08-27 22:22:27 · answer #4 · answered by Dilli Chor 2 · 0⤊ 0⤋