I applied and was accepted to Medical School in Luton England, When I arrived I was told I could study a semester of premed and then be admitted since I did not have an MCAT. I borrowed 70K from Key Bank that year. I then found out the school was not totally legit and had some major issues. (I did some research and found out that degrees are not honored for licensure all US states), I transferred to St James School of Medicine who had Sallie Mae student loans and continued to borrow another 110k. Both Schools had US Medical School Loan programs, but with the real estate collapse beginning in 2007, the year I graduated Basic science, these lenders decided to stop lending to offshore medical schools except LCME schools (ROSS, AUC and St Georges). So I was in Third year faced with step one to take and no money to complete. To make it worse Key Bank began harassing me to begin repayment, I spent the next year struggling to study for step one ( lead to a few failures) scraping and begging for money to live and pay school and fees, and telling Key Bank I was in Medical school but Key Bank said in school deferment was only for US schools now. Really this is 100% true. No one I contacted would help.
I was in Medical school but Key Bank said in school deferment was only for US schools now.
I have come to find out there are little rules for student loans.
They are immortal
You owe them after bankruptcy
No one regulates them
If you have a cosigner they owe them even if you die
The Current Congress and President have not been willing to really do something about the Student Loan Slavery we are in.
I'm currently in repayment and soon it will be over 65% of my income to pay them
What kind of help can I get?
My Loans are Private US loans for Medical School no part of it Federal Student loans but private are protected just like federal.
So far none!
Before going to a non LCME school think hard on this or you will be next to owe over 190k without a residency and no help with the student loans.