can I get a RESIDENCY LOAN from Teri?

[micugirl]

Here goes...I got the sallie mae for 30K, and I was approved for the Teri Loan for 45K , but then I find out from UNCG that if it is sent to them, then I would only get 14K....The Teri folks told me that if I changed it to a residency Loan program, then it would come to me & not the school. Who else has had this type of experience/ help?

My other question is that: Should I ask for the 2nd year's part of the money to be given to me now while I still have an income, or keep it dispersed for August 2007 instead....Will they make you reapply...they don't seem to have the answers.

Thanks everyone...I am so worried about having enough being a "single mom" on a huge budget.

[Floridanurse]

I would also like to know these questions because on other boards I have read that you should borrow all you can while you have a verifiable income. My question is: Can you realistically borrow over a $100,000 for school from the get go?? Isn't there credit issues to deal with to borrow so much money? I have good credit,but with a mortgage, car loans, and a credit card, I don't see how they will loan that much to me.

[kcwolf200]

I am also interested in what some of you have to say about this. I am getting ready to apply for these loans and would like to hear what others have done.

[soliant12]

My first year I received $97,000 in private loans from 3 different lenders because I knew I would not be working while in school. The key for getting a good interest rate is having an excellent credit history or a good credit worthy co-signer. I also put about 60,000 of the money in a Cd earning 4.5% in order to lower interest rate even further.