A 6th (and final)-year Doctor of Pharmacy (PharmD) student needs financial help! She graduates in May and will then have to start paying back loans which have accumulated over the past 6 years into the SIX-FIGURES! That's enough to buy a decent house!
Her newest effort is to sell her belongings on eBay, and here is a particularly humorous attempt:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=008&sspagename=STRK%3AMESE%3AIT&viewitem=&item=180072102597&rd=1&rd=1
Any other advice from people with this experience would be greatly appreciated!!
2007-01-06 16:59:34 · 5 answers · asked by Ann S 1 in Education & Reference ➔ Financial Aid
the ebay thing is a good idea..u have 15 bids so far..what about a student loan..I know u already have them stacked to the Heavens but at least u will have money to finish the program..Sell blood or plasma, recycle things..some places pay for that.. Keep putting things you don't need on ebay and amazon.. clothes, books, electronics, etc. I wish u luck
2007-01-06 17:07:22 · answer #1 · answered by chilover 7 · 0⤊ 0⤋
Stop borrowing!! She will just have to buy all that stuff back after she graduates. Use her sign on bonus to pay down the debt. She can probably get some money now, if she commits early to an employer. Lucky for her, Pharmacy pays well enough that the loans will take just a few years to pay off, if she lives within her means......which she obviously hasn't been.
I graduated without debt, and the guys that did owe, weren't in hock like that!
2007-01-08 03:46:22 · answer #2 · answered by jloertscher 5 · 0⤊ 1⤋
Be patient and don't do anything rash. You'll easily be able to pay back the loans. Many pharmacy students have debts over 100k, and don't sell off their belongings. When starting income is near or over 100k, there is no need to worry.
She should refinance her loans to allow for a longer pay back time.
2007-01-09 06:13:05 · answer #3 · answered by Lea 7 · 0⤊ 1⤋
I wouldn't sell my personal assets for something like that. You will regret it in the end. Besides there are tons of options out there as far as how you can repay your debt for school. You need to have this person talk to the financial institution that gave him/her the loan about repayment options. Have them research deferment options with that institution and look on the government websites on other tips for repaying school loans.
2007-01-06 17:14:12 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Research loan forgiveness programs such as this http://www.health.state.mn.us/divs/chs/pharmloan.htm
2007-01-06 17:40:50 · answer #5 · answered by MISS KNIGHT 5 · 0⤊ 1⤋