How to choose a student loan

I went through law school on Stafford loans (subsidized and unsubsidized) and a Perkins Loan through the government. My school was really helpful in getting me the loans I needed to pay for school and living expenses and the interest rates are good on my Perkins. I consolidated the Staffords through Direct loans on an income contingent plan and about 7% interest. FAFSAs are a pain to do every year, but worth it. So my recommendation is to go with the Feds and stay as far away from private lenders as you can.

For the most part, when you apply for financial aid thru a FAFSA, you really dont choose the loan or the loan holder. The school will package you. If the school is a FFELP school, your loans will be thru Salliemae or some other lender/servicer. If it is a direct loan school,your loans will be thru the Department of Education.,

Yes it is expensive to go to med school. However when I was collecting, (federal loans) think in 10 years I only dealt with 2-3 default physicians. (However lots of chiropractors!) Your income after med school will be enough to pay your loans. However, there are some specialty medical private loans...I believe they are a little bit more forgiving than your average sallie mae private loan.

talk to a financial aid officer at your school of choice.

Thank you both for your replies. I would keep in mind the advices you have given me.

Soaplady, can you elaborate on the specialty medical private loan you are talking about?