The Office of Student Financial Services assists students with financial issues they face during and after their medical studies. We encourage our students to budget wisely and live frugally. We work with them to achieve good financial management and help them understand how their spending habits influence their use of credit cards and how much they borrow through the student loan programs. We diligently work to find additional sources of gift aid for our students. Our goal is that the College of Medicine graduates’ choices will not be limited by their finances.
Our goal is that the College of Medicine graduates’ choices will not be limited by their finances:
To keep track of student loan debt, please visit the National Student Loan Data System.
Lenders report their loan payment status to national credit bureaus such as Experian, Equifax, and TransUnion. If a borrower is delinquent with a loan payment or has defaulted on a debt obligation, his or her credit rating will be tarnished. This means that s/he will have difficulty obtaining alternative student loans, a home mortgage, car loan or credit cards. Whenever possible, a derogatory credit finding should be cleared before applying for loans or any type of credit. Student loan lenders can provide information on how to rehabilitate a delinquent or defaulted loan.
Students should periodically obtain copies of their credit reports by contacting one of the major credit reporting agencies, or they may obtain a free copy of their credit report every year by visiting annualcreditreport.com For more information about your credit scores please contact:
Experian – 800.682.7654
Equifax – 800.685.1111
Trans Union – 800.888.4213