$25,000/year for 4 years? Who has that?

Discussion in 'Pre-Medical - MD' started by Sheon, Mar 23, 1999.

  1. Sheon

    Sheon Senior Member
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    I currently have a career in the military. I am applying to school this summer in hopes of attending medical school in Aug 2000. Over the past few months I've cut my expenses to the bone (paying off the car, no cable, no long distance, zero balance on credit cards, etc.). Even with all of these reductions I am finding it very difficult to envision my family surviving on the budget of a medical student.

    I am applying to the military medical school and I think I have a good chance of getting in, but in the event that I don't get in I think life could get pretty tough. Does anyone have any advice on how to get some living expense money for a person in my situation? (Note: Having a "nest egg" to fall back on decreases your eligibility for non-loan financial aid!!!)

    Any input (even if you only want to share a similiar situation) would be GREATLY appreciated.
     
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  3. VM

    VM Senior Member
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    Most medical schools will come up with a "Budget". You can normally borrow the full amount of that budget. The budget includes tuition, books, minimum housing, food (minimum usually), utilities, insurance, and other necessities. I does not include car payments or other bills such as credit cards. You can usually borrow this budget amount in subsidized ($8000) and unsubsidized (I think $30,000) Stafford loans for a total of $38,000. If the school budget is not this high you can only borrow up to the school budget in the Stafford loans. Other than that you would have to take out private loans or health loans by banks, etc. Check with a financial aid officer at your local medical school for better information. I may not be totally correct. Maybe other people out there might know more about it. You probably can borrow enough for your family and yourself if you have good credit, and also if you are willing to go into that much debt. Borrow as little as you can because the rule is for every dollar you borrow you have to pay back 1.50 to 2.00.
     
  4. mevannorden

    mevannorden Member
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    Check with each school's financial aid office. Some school's have more generous budgets than others. For example, the University of Kansas Med. School has a very tight budget. I think they budget $350 or so for rent. UOMHS (a DO school) in Des Moines budgets $515/month for rent. After accounting for different costs of living between Kansas City and Des Moines, UOMHS still budgets more money for rent, food, utilities, etc.

    Also, if you don't get accepted at a military medical school, you can still get a military scholarship for med. school. They pay books, tuition, equipment plus a monthly stipend. In return, you serve one year active duty for each year you were on the scholarship (three and four year scholarships are available). The Army, Navy and Air Force all have scholarship programs for medical students. Good luck!

    p.s. minor correction - subsidized Stafford loans are available up to $8,500, not $8,000.
     
  5. eternalrage

    eternalrage Even Kal has bad days...
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    Wow we have come a long way!!!!
     
  6. Creightonite

    Creightonite Senior Member
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    nothing can be better than resurrecting a thread from the dead.
     
  7. 45408

    45408 aw buddy
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    That guy's probably a senior surgery resident now....
     
  8. 8744

    8744 Guest

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    I'd like to think the OP tried to get into medical school but after three attempts and a shattered self-esteem turned to booze and pills, eventually wandering the streets of Seattle turning tricks to support his Black Tar heroin habit where he has become "Sheon, the Crazy Guy at the Greyhound Station" and is a part of the local color.

    A lot can happen in seven years.
     
  9. 8744

    8744 Guest

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    The original post was typed on an IBM PS2 with a mind-blowing 5 megabyte hard drive and the optional 15 inch color monitor.
     
  10. mmmkay121

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    "Location: Brooklyn, NY" :idea:

    [​IMG]

    Brooklyn Brawler, MD?
     
  11. SoCuteMD

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    Uh...not if that was posted in 1999 he wouldn't be - at least not YET.
     
  12. 45408

    45408 aw buddy
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    aw, come on, let a guy use a hyperbole once in a while
     
  13. WeAreNotRobots

    WeAreNotRobots doctor of medicine
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    dude's probably already paid off that debt and forgot he ever posted this.
     
  14. bookfreak89

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    :lame:
     
  15. addo

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    this was posted on a computer with a whopping 30 gb hard drive, 256 mb of ram, 17 inch crt monitor, 1.4ghz pentium 4

    2016 comes... someone is going to laugh and say this was posted with a 500gb, intel i7, 23 inch monitor, 8 gb of ram computer.
     
  16. Lilliput

    Lilliput MS0

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    YESSSS! Double resurrection.:corny:
     
  17. Endolas

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    Okay folks, we're done here. See you in 2020.
     
  18. Cleavername

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    we are not going to make past 2012 i bet :).
     
  19. 45408

    45408 aw buddy
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    Yikes. I am a surgery resident now, and I'll probably be a chief when this thread comes around again.
     
  20. addo

    7+ Year Member

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    For sure. Lets have a reunion on this thread 6 years from now to see where we all are.

    Btw, Prowler im impressed by your dedication to sdn :thumbup:
     
  21. 45408

    45408 aw buddy
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    The sad thing is that I know exactly what specs the computer had when I posted that last post, because I'm still using it now.
     
  22. WingedOx

    WingedOx Unofficial Froopyland Forum Mod.
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    my family eventually got a second phone line... that was truly living the high life.
     
  23. MisterVeil

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    Apparently, based on his post history, OP posted regularly up until 5 years ago, and his account's most recent activity is 2 years ago!

    Maybe one day we'll hear all the details of his journey.
     

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