Posted by Professor | Posted in Uncategorized | Posted on 02-09-2010
Tags: college, education, loans, medical, medical student loans, medical student loans 2, medical student loans health care reform, medical student loans obama, medical student loans repayment, medical student loans repayment calculator, student
What types of loans do medical students generally take?
My girlfriend is a 2nd year resident. You would essentially use the same loans as undergrad, Stafford, Sallie Mae, etc. You should also be eligible for some State loans. If you are a minority, I would hit the internet and find every single grant you can apply for. Med school, depending on the school, should cost about 200k – including books, housing, etc. This figure is BEFORE any loans, grants, etc. The best thing is to do incredibly well on your MCAT’s and apply to as many schools as possible. You will likely be offered at least a partial scholarship from one of the schools. My girlfriend did very well on the MCAT’s and got a huge scholarship to a top 5 med school, so I know if can happen.
Good luck! Just make sure that being a doctor is what you want to do, since you will have essentially no life for the next 7-8 years, or more, if you get a fellowship, which would be an extra 4 years. So, you are looking at 16 years of study, and almost no income if you want to be a surgeon, for example. If you want to be an internist, then you are looking at 4 years in med school and 3 years in residency.
FEDERAL JUDGES ERRONIOUSLY RULE UNIVERSITY HAS NO FIDUCIARY DUTY TO STUDENTS IN LOAN PROGRAM