How do most students pay for medical school?
>By either coming from wealthy families who can afford to pay it, or by wracking up incredible debt. Anyway, if you are a good medical doctor and can survive the long term short term internship, you could make $300,000+ a year and pay it off in a few years, LOL! Good luck if you are not rich.
If your gf had 140k student loan debt and was makin 104k a year would u still date/ eventually marry her?
Good for you for getting an education despite obstacles. And I'm sure it will be well worth it -you're earning enough money to pay back that debt in a reasonable time frame. Anyone for whom this would be a deal-breaker isn't worth marrying anyway. I mean, it is worth considering the practicalities in a marriage, if someone had massive debt because they just plain couldn't handle money that would be a serious consideration; but someone investing hugely in their own future, in a way that has already begun to pay off, shouldn't be a problem -if anything, it should be a positive. (Oh, and if your partner makes you feel bad about this -especially given he took an abnormally long time getting a BA and never had to pay for an education himself -dump him, he's not worth it if he wears on your self-esteem like that. Before thinking about marriage, be sure the relationship is a healthy, positive one; a quick guide to healthy/unhealthy relationships can be found here: http://fuckyeahsexeducation.tumblr.com/p... http://fuckyeahsexeducation.tumblr.com/p...
Is medical school worth it?
As with most things, the answer's going to be "it depends." Medical school is expensive as hell, and it takes an insane amount of time before you're legally able to actually practice medicine on your own due to residencies and fellowships being required after you graduate. Your success as a doctor will depend on how well you do academically, how well you perform in your rotations, residencies, and fellowships, and how well you understand the business of medicine and personal finance. A lot of doctors are, frankly, idiots. They get done with their training and as soon as they start getting a paycheck they run to the Mercedes dealership and lease/finance a $70,000 car, and then go and buy a huge house. As they make more, they buy sh*t like boats and $500 bottles of scotch. Yeah, those people are gonna have financial trouble. They won't pay their loans off, they won't manage their money well, they won't invest in their own futures. So they struggle despite having high incomes. My brother, on the other hand, left med school with about $400,000 in debt. When he finished his fellowship, he and his wife rented a small house and used the connections he made in his fellowships to open his own vein practice on a shoestring budget. They spent their evenings and weekends networking with doctors and explaining why he's the vein doctor they should send their patients to. Now he does enough business that he will probably have a net profit somewhere around $500,000, and he plans to have all his student loans paid off next year. But he and his wife spent a lot of time learning how to run a business and how to manage their finances. They're disciplined and work more hours in a week than most people would put in working two full-time jobs. But the fruit of all that work belongs to him, not a hospital, not a doctor group. He bears the risk of the business and reaps the commensurate rewards. That's how life works, kid. If you want to live like no one else, you have to live like no one else. When other kids get trashed and party, you study. When other kids d*ck around on the weekends, you network or run a side-hustle. When other kids buy luxury cars or bigger houses than they could possibly need, you pay off debt and invest in income-producing assets. That is how you win.
How do middle class/lower class students pay for medical school?
I am a pre-med student at UC Berkeley and my dream has always been to go to medical school and become a doctor. I am genuinely so passionate about medicine and harm reduction/prevention along with assisting the sick. Although I am worried about being admitted, application processes, my MCATs, GPA, etc, I am far more disturbed by how I would fund my way through a potential masters program before medical school, the application process itself, and medical school itself! I am already under a ton of loans through my parents (Parent Plus Loans) and couple direct loans to pay for my undergraduate tuition. It does not help that I am considered a "middle class" out of state student I wanted some advice on other middle class/lower class students that are in a similar situation where they have funded their undergraduate through loans and are pursuing their professional degrees with more loans or other possible options. I have looked into the HPSP military scholarships as well as the scholarships for underrepresented minority students that also are available through the National Medical Fellowships. This is a definite possibility, but I would like to know a variety of different medical students' opinions . Also, I am interested in what you guys may have done after graduating. I plan to do a post-bach to bolster my application/GPA and research. I also want to take some time to get some experience working as an ER scribe during my gap year(s). Once I have chosen a particular medical school and committed myself, I would attempt traveling for a short while before going into medical school. To summarize my questions: If there are any middle class/lower class students who have basically funded their education through loans, how did you go about your higher education financially? Is it true that the numbers look obscene as you are still in school, but until you make an actual salary with the career you have been working for, the value of the dollar is better understood? Any further advice about the financial aspects of medical school along with any pertinent advice of getting there will be greatly appreciated. -concerned student
I'm about to take out a $33,000 student loan. I'm nervous. Am I going to hate myself for this later?
I'm taking out $33,000 in student loans this year so that I can attend the University of Kansas. I am a resident of the state of Oklahoma. I have done much research and have debated over the three schools, OU, TU, and KU, for the longest time now and without a doubt know wholeheartedly that KU is where I need to be next year.. I am a biology major with very strong intentions to attend medical school. I'm a very driven student and more than anything I want to do my undergraduate work at KU.. But at what point should the amount of out-of-state tuition and extreme debt outweigh the desire to pursue what I truly want? I am a senior in high school. I just turned 19. I'm young and obviously have no experience with such life choices. I am beginning to wonder if I am perhaps being to eager to pursue something that I may regret later in life.. What will KU mean to me ten years from now when I am out of school and as I spend every month busting my *** to finance and pay back my loan? What will I think? Will I tell myself it was worth it? Or will I wish I would have saved money by going to OU? I understand none of you have the power to tell the future, I'm just so distraught. I do not qualify for any kind of financial aid what-so-ever. My parents make far too much money, yet I am their 3rd child to be attending college next year and 1 of 6 children.. Understandably, they do not want to pay for out-of-state tuition. Also..Why the heck is out-of-state tuition so much money? Seriously..It's insanity. I'm afraid if I do not go to KU I am going to hate myself for not taking the chance but at the same time I am nervous about being in so much freaking debt. Any advice or personal experiences would be would be greatly appreciated. I really appreciate you for reading. Thank you for your time.