finance

My parents and I are trying to work out the details of getting a car before I go to medical school. Has anyone dealt with a situation where you (the prospective student) get an auto loan cosigned with your parents before you get your financial aid package lined up? I am just worried that...

Hey SDN community! Hope everyone is enjoying the end of year festivities. It has been quite some time since I've last posted and life has surely moved on since then. Right now I'm in the middle of an applicant cycle for MD. There was an issue in my university in regards to getting a...

To preface, I am a 22 year old Alabama resident beginning medical school this July and will be married in April. I am taking the MDSSP and will be commissioning into the Alabama National Guard in the next couple of months. My fiancé and I are looking for housing and trying to come up with some...

Hello, sorry to bring this up if it's been brought up before but we are running into this situation at my institution were we are trying to set up moonlighting opportunity for residents but don't know how to proceed with respect to compensation. We are technically paid by a non profit and the...

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Hi there! I am starting dental school this summer which is super exciting but unfortunately I have about $10k left in debt. This was a result of two cycles, dental assisting classes, and traveling for interviews. I know it was an investment. I was hoping my current job would have paid all of it...

I'm deciding between two schools and I'm struggling to determine how much money should matter vs fit. If money didn't matter, I would definitely choose Loyola over Penn State because I feel it is a better fit for me. However, there is a major financial difference between the two. I was offered...

Alright SDN I want to hear your thoughts. I am now a graduating senior at an above average state school. During my freshman year I kept getting in trouble with my school in the dorms. I was caught twice in the dorms with alcohol and received an MIP. I was also caught and arrested with a...

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My school has a Healthcare Management and Business Principles interest group that I help to lead, and I'm trying to find future topics for our lectures and group sessions. MY QUESTION: What business-related topics do you think physicians ought to know about, if they ever want to get involved...

I worked in finance, made the switch to MD, now PGY-2. Happy to talk about career change, finance, existential crisises, etc.

Rumor has it they exist...

Hello everyone, My SO and I will have about 500,000 in loans between the two of us once it is all said and done (all federal, interest rate between 4-7% on all). I put these numbers into the loan repayment calculator and the numbers are super confusing. For example, how in the world will doing...

I was recently doing some math trying to calculate how much medical school actually costs, and the answer is kind of surprising. Assuming a student needs to borrow $60k per year in medical school and pays off the loans five years after residency, the student will spend approximately $360,000 on...

I was wondering if anyone else is coming from an IB or other finance background. I did 2 years in Middle Market IB within a Structured/HY muni group and I’m now in a corporate banking coverage group at a Bulge Bracket as an associate. I was wondering how folks found the process. I have...

Hello SDN members--this is Buck Joffrey, MD board certified ENT and host of Wealth Formula Podcast. I just finished production on a personal finance course that I wish I had when I finished training. As a fellow medical professional, I'd like to offer you this course for free. Please use the...

Hello to everyone out there. I initially dropped out of college after my first semester due to personal family problems. It has been 4 years and my family seems to be quite stable again. My parents encouraged me to go back to school and I wasn't a bad student either. I enrolled in CUNY Baruch...

I received my financial aid package, which offers ~50k in federal loans to cover COA. I don't see myself spending 2k on transportation, insurance, etc, so I probably wont take over 30k in loans. I have ~3 months to accept/decline this award. What I'm worried about is how merit scholarships play...

Long time lurker, infrequent poster. I am an emergency physician that works in a environment where I have no understanding of what is charged on my behalf or the cash flow of emergency department. I'm a pretty typical emergency medicine physician who sees 2 to 2.5 patients per hour. Given a...

Is it Really possible? Becoming a DPT while serving in the National Guard.. First off, this is my very first post on SDN - I have realized how valuable some threads on here are to others! Hearing from those who have gone down the paths that others want to go down provides people with incredible...

Hi, I'm a Canadian planning on applying to US DO schools this year. But I am really worried due to the tuition costs!! I know people get provincial loans (osap) + bank loans + family contributions but is it possible to get multiple government loans like osap + federal loan + bank loan...

While looking at physician salary there have been large changes year-to-year; and I wanted to get a more normative picture of how compensation has changed which might explain/predict trends. Below are the charts showing the change in salary in percentage and total amount from year-to-year for...

Hello! I would like to learn more about loans/grants for medical school. I submitted my FAFSA yesterday. I don't think I would be eligible for free $ as my parents' income is over the need limit. So far, my state school hasn't sent me any info yet about financial packages. What should I do now...

Hi SDN! I'm new to these forums, but I really appreciate reading all of your insights and advice. I am a 23 year old Finance/Economics grad from NYU Stern, and I have worked one year in an investment bank (trading) before something non-work related came up and I quit. Happy to elaborate on that...

Do merit scholarship decisions come out around the same time as financial aid packages (~Spring)? Can it be combined with need-based grants/FAFSA? How likely do med schools give merit scholarships anyways? Is it just for top percentile students? I don't think I would get a full scholarship for...

Hi folks, My name is Simon and my team is hosting the 2017 National Investment Banking Competition in Toronto, the largest investment banking competition globally for undergraduate and graduate students. Founded in 2007, NIBC attracts competitors from over 100 universities to compete for a...

Any help would be appreciated. I will be a college freshman this year majoring in Finance at a pretty well ranked undergrad business school. I want to ultimately pursue medicine but am torn about whether I should stick to this major. I have heard that med schools don't like vocational majors...

Hey, everyone. High school senior here who will be attending college next fall. The title says it all. I have intentions to go to med school but not the commitment to major in a traditional pre-med school major i.e. biology, biochemistry since I need a back up plan, which in this case would be...

Just out of curiosity, why do Doctors work so many hours/week? I've heard some say in the next decade we will experience a shortage of doctors. If this is the case, I understand. But some say that the field is becoming over-saturated. Is it simply that some doctors work more hours to make more...

Hi This free book is just awesome. How to avoid scams and save money for international students. https://media.wix.com/ugd/654734_22e37f9a5dbb402daa2508abef1473ea.pdf Not just free and useful, but is also fun to read. So, so true the stuff the author talks about. Makes us realize what a...

I will be entering medical school this fall, and I've gotten some pretty generous financial aid, but will still need to take out loans. I (luckily) didn't need loans for undergrad, and was pretty financially stable without making a concrete budget. The most "budgeting" I did was deciding to go...

Hey guys, this is a completely self-serving thread, and for that I apologize. I just graduated pharmacy school, and am trying to put myself in the best position financially as possible. I also have found so much good information from this website, and know that by asking I will likely receive...

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I have an offer from a major financial institution to do healthcare finance but I also have a research opportunity offer from a pretty prestigious program/university. On one hand, I think I will learn a lot in the healthcare finance internship, but I'm also afraid of appearing "unfocused" or...

So I have been accepted to Western U and Roseman and am really torn now that the excitement has worn off and the price tag shock has really kicked in. I'm working on applying to a 3-year HPSP (missed the 4-year deadline) and hopefully the NHSC as well. Being that there are no guarantees to...

OK 4th year students about to match and blah blah blah. Time to think about loans and debt. What is the current status of PSLF? I'm seeing differing information on whether PSLF money that is forgiven at the end of the 10 years is actually taxed or not. Is there a cap on the amount of...

Does anyone know of companies that provide disability insurance for first year medical students? Most of the companies I have reached out to do not offer policies until 3rd/4th year. I have contacted my school's financial aid office and am waiting to hear back. Thanks!

Hi all, My topic is concerned with loans most of us aspiring doctors are all too familiar with and an important decision I have coming up. Let me start with a (somewhat) brief background: I have a very, shall we say, "different" background. I always wanted to be a doctor, did well in high...

Hello friends! I'm new here, and I've never been the type of person to post on forums, but I genuinely feel very lost right now and would appreciate any input from folks who are pre-med / have gone through the med school application process. My story in short: I'm Canadian and I went to an Ivy...