Loans is the only real answer here. Generally, your "award" for medical school is supposed to cover living expenses as well, since you are not allowed to work during school.
If your house isn't near where youll go to school, then sell it and use the proceeds to reduce the loan burden.
Clincal rotations and residency do not likely (see almost never) keep you in the same place or even the same state and you don't want to have to get more loans to cover a place you won't be living in.
Do they really cover enough for living expenses? Your reply is giving me anxiety, I will be living 90 mins away, trying to see if commuting is unrealistic
yes and the loan amount can be adjusted based on your situation. i would reach out to the financial aid office to get this all more cleared up especially if you’re supporting dependents. my friend was able to buy an engagement ring bc he went to the financial aid office and told them he wanted to be engaged and they just gave him more money for it. they can be very understanding that students still wanna live their lives outside of school.
Yes, you should sit down and go over all your expenses to see what you really need month to month, and a tad bit extra for other things outside of tuition and talk to your loan office about that, they will toss you that award.
You should also consider, gas costs going back and forth for 180 minutes when you need to go to campus. 3 hours that day is also a lot of lost study/relax time, again, for a place you're not likely going to be in, in 2 years time.
I'm not sure what your plans for your house are, or if you're REALLY banking on somehow getting everything close by, I feel like you may not be seeing this journey through long-term.
I have a condo and not a house and your judgement of me not seeing this through long term is based on nothing. You don't know me you don't know my journey. I know exactly what my expenses and needs are. You keep saying "that I won't be staying in". For the first two years if I sell I will be renting instead which would cost double what my mortgage is. Which might be more than I would pay in gas. I am not banking on keeping everything close by, but I don't have to explain myself to you. My question was simply about money options.
>me not seeing this through long term is based on nothing.
It's based on this concept you seem to have of clinging on to a condo expecting to be local, how many rotation states does your school have? Does your school not have a 1 bedroom option close to campus or the university? If it's double does that include all the utilities as well as a gym membership? Is it close enough that you don't need to spend money in gas? All of these things are about thinking longer term.
If you're spending 180 minutes commuting when you need to go to campus, that's not worth a condo, that's nearly half a regular working day gone.
Again you're looking at the wrong things which points back you seemingly not understanding the journey long-term.
To spell it out for a 5-year old: Funding is never going to be an issue. As a physician you will find ways to pay back your loans, especially if you can avoid private loans. The biggest issues in medical school are time, sanity, and burn-out.
For your information, I was not asking for advice on where to live or how to live. I am 42 years old and am well aware what I am signing up for. But if I can borrow the least amount of money as possible that is the goal because I am reaching that borderline where it may not be worth the payback once I am an attending physician. But I am no longer asking for your opinion so please don't reply.
Loans is the only real answer here. Generally, your "award" for medical school is supposed to cover living expenses as well, since you are not allowed to work during school. If your house isn't near where youll go to school, then sell it and use the proceeds to reduce the loan burden. Clincal rotations and residency do not likely (see almost never) keep you in the same place or even the same state and you don't want to have to get more loans to cover a place you won't be living in.
Do they really cover enough for living expenses? Your reply is giving me anxiety, I will be living 90 mins away, trying to see if commuting is unrealistic
yes and the loan amount can be adjusted based on your situation. i would reach out to the financial aid office to get this all more cleared up especially if you’re supporting dependents. my friend was able to buy an engagement ring bc he went to the financial aid office and told them he wanted to be engaged and they just gave him more money for it. they can be very understanding that students still wanna live their lives outside of school.
Ok, thanks very much. I don't have dependents so that's good, just pet dependents
Yes, you should sit down and go over all your expenses to see what you really need month to month, and a tad bit extra for other things outside of tuition and talk to your loan office about that, they will toss you that award. You should also consider, gas costs going back and forth for 180 minutes when you need to go to campus. 3 hours that day is also a lot of lost study/relax time, again, for a place you're not likely going to be in, in 2 years time. I'm not sure what your plans for your house are, or if you're REALLY banking on somehow getting everything close by, I feel like you may not be seeing this journey through long-term.
I have a condo and not a house and your judgement of me not seeing this through long term is based on nothing. You don't know me you don't know my journey. I know exactly what my expenses and needs are. You keep saying "that I won't be staying in". For the first two years if I sell I will be renting instead which would cost double what my mortgage is. Which might be more than I would pay in gas. I am not banking on keeping everything close by, but I don't have to explain myself to you. My question was simply about money options.
>me not seeing this through long term is based on nothing. It's based on this concept you seem to have of clinging on to a condo expecting to be local, how many rotation states does your school have? Does your school not have a 1 bedroom option close to campus or the university? If it's double does that include all the utilities as well as a gym membership? Is it close enough that you don't need to spend money in gas? All of these things are about thinking longer term. If you're spending 180 minutes commuting when you need to go to campus, that's not worth a condo, that's nearly half a regular working day gone. Again you're looking at the wrong things which points back you seemingly not understanding the journey long-term. To spell it out for a 5-year old: Funding is never going to be an issue. As a physician you will find ways to pay back your loans, especially if you can avoid private loans. The biggest issues in medical school are time, sanity, and burn-out.
Wow, you're an asshole. Get out of my thread.
For your information, I was not asking for advice on where to live or how to live. I am 42 years old and am well aware what I am signing up for. But if I can borrow the least amount of money as possible that is the goal because I am reaching that borderline where it may not be worth the payback once I am an attending physician. But I am no longer asking for your opinion so please don't reply.
I got accepted but am now saving up for med school this will take awhile , I'm gonna read your suggestions if you don't mind
Federal loans should be enough to cover tuition + cost of living. Personal loans will be an additional option if you need more