I've got a few questions. As some of the others have stated, this thread started quite some time ago and I want to make sure I have current information. I hope I'm not repeating any information here as I've tried to read and searched throughout the military forums, but again, much info is old.
A little info about myself... I'm a 25 y/o m married with a wife who stays home to care for our only son (3 mo old). I'm currently a firefighter/EMT with 3 years experience and just over halfway through paramedic school (95% cumulative GPA). I'm wanting to go to med school, but trying to figure out how I'm going to finance it. I'm anticipating starting in 2013 at the earliest as I have some science courses I need to take. I have a BS (Crisis and Disaster Management 3.58) and MS (Occupational Safety Management 3.45), however, they are not science based. I'd love to serve my country, but am not looking forward to a long term commitment.
The way I understand it and correct me if I'm wrong, through the HPSP program, you serve 1 year for every year of med school (school of your choice). Residency counts towards that pay back, however, you have to go to a military school for that residency to count. You could do residency wherever you choose, but would still have to serve the number of years they paid for med school. You can't be deployed while in med school or residency. This program seems great, however, it seems that you are active duty and subject to relocation and limited to the needs of the military. It also seems that the Army has the best options for medical schools etc.
Another program I've seen mentioned is the ASR through the Army National Guard. I believe this would be a better fit for my family and I as I don't want to relocate. However, it does not appear this program is available any more. Is there anything comparable to this or is the HPSP the best route for a potential MD student?
Any other thoughts about funding med school through military vs personal funding/loans? It would seem that one could make more money on the civilian side in a shorter time period and simply pay back the loans thus avoiding major commitments and obligations to the military. I am considering a state school and my tuition would be approximately $29,000 annually. Therefore, I'm not sure that the commitment to the military and strain on family life would be worth it. At time of application for med school, I'll have a house, spouse, and son with only one income of approximately $35,000. I'm sure I'll be eligible for FAFSA. I'm actually considering quitting my job which is why I am even considering the military to provide an income, benefits, and funding for my family and school.
Many thanks and apologies for any repetition.
Thanks to all who have served.
EDIT - I just found that there's other programs with loan repayment/forgiveness available as well;
http://nhsc.bhpr.hrsa.gov/ and
http://services.aamc.org/fed_loan_p...=1b8c62d-e7f68df2-46e2-400b-96e2-983fc851b4f5 offer such programs. Appears this may be a better offer for someone than what the military may provide for someone with a family.