$200K +++ in debt for anyone else?

Discussion in 'Pre-Medical - DO' started by maysqrd, Oct 19, 2002.

  1. maysqrd

    maysqrd Go A's!

    Joined:
    Sep 27, 2002
    Messages:
    270
    Likes Received:
    0
    Now that I know I am going to TUCOM next year, I am starting to look at the cost of the four years. I figure by the time I am done I will be over $200K in debt. Is anyone else in the same boat? This just seems like so much money. How long does it usually take to pay this back? Has anyone or does anyone know of someone that has/is participating in the NHSC payback or scholarship program? Since most of these scholarships are for FP, this seems like something a lot of DO students would be doing.

    Brenda
    TUCOM, 2007
     
  2. Thread continues after this sponsor message. SDN Members do not see this ad.

  3. bla_3x

    bla_3x Grip it and rip it!

    Joined:
    Sep 18, 2001
    Messages:
    518
    Likes Received:
    0
    maysqrd
    I know just how you feel! I will be going to AZCOM next year and I too will be 200K+ in debt. My fiance will be helping with housing/living costs, but at ~30K/yr just for tuition (add undergrad loans) the debt is gonna be sick!
    I have heard, and I have only just began to research this, that there are some options as far as payback goes. Does anyone have any "solid" info on this?
     
  4. DrQuinn

    DrQuinn My name is Neo
    Moderator Emeritus

    Joined:
    Dec 6, 2000
    Messages:
    4,227
    Likes Received:
    13
    4th year DO student here. I will likely owe 190-200k when all is said and done. Yeah, its gonna suck, but I lived pretty decently during my four years... you can do the military scholarship, its not bad... they give you a stipend every month (around 900 or so), get all yoru textbooks paid for, and tuition. If you do that all four years, you owe the military four years of service... and you cannot simply go to whatever residency you want, I think its more controlled by what the military wants you to go into... so its not like you can do an ortho residency at Harvard and THEN do your military service, I think the military gets you after you graduate med school. That's one option.

    Another option is to do that national health scholarship thing. Its ok. I'm doing a rural rotation now and a few of the attendings are doing that. But you would either do FP/IM/Peds... nothing else.

    I am applying for EM residencies now, and will be making 200-250k coming out. If you owe about 200k in loans, and want to pay it off in 10 years, you will pay about 2.5k off a month. However, if I'm making 11-12k a month salaried... that's a drop in the bucket.
     
  5. tkim

    tkim 10 cc's cordrazine
    Physician

    Joined:
    Aug 2, 2002
    Messages:
    7,605
    Likes Received:
    327
    Status:
    Attending Physician
  6. DrQuinn

    DrQuinn My name is Neo
    Moderator Emeritus

    Joined:
    Dec 6, 2000
    Messages:
    4,227
    Likes Received:
    13
    Guys go to the osteopathic forums on this website, there's a thread about the NHCS or whatever.
     

Share This Page