Background: I am an undergrad freshman. Currently I am attending a branch of a state university. Since my mom teaches there my government loans are more than enough to pay for tuition. The problem is that my mom is moving out of state at the end of spring quarter and I am transfering to the main campus next fall quarter.
Question one: It looks like I will have to take out private loans to cover the majority of my education. I will have to have my mom cosign the loans since I have no credit but she is worried that her cosigning my loan and her current student loans will affect her credit when buying the new house out of state. How big of an impact would that be and are there any alternatives?
Question two: When I am in medical school, are the undergrad private loans deferable until after residancy like the goverment loans are? Or will I have to borrow more while in medical school to pay for the undergrad loans?
Thanks for the help!