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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would think there will be plenty of private loans for med students.  Med students are a very good risk for lenders.  [/quote]

I don’t understand this cap on loans.

I guess private lenders will now do a credit analysis on potential borrowers? This doesn’t sound as bad. Some students really should not be borrowing hundred of thousands of dollars they will never be able to pay back. [/quote]

The cap is for federal student loans.  It doesn't apply to private student loans.

For undergrads at least, private lenders generally require a parent co-signature and credit check.  A credit check on an 18-year old is pretty worthless in most cases.  [/quote]

This seems totally reasonable to me. Basically, the fed gov will cover state schools, but not expensive private colleges.

I thought it was doomsday for future med and law students. I’m sure there will be plenty of lenders willing to lend to future doctors and lawyers, maybe not a 100k per year sociology degree where they may not get paid back. Seems reasonable to me.[/quote]

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