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- Jun 27, 2015
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My sister is a US citizen (I'm a Canadian, I'm 38y.o.) and she agreed to co-sign necessary papers to get a loan for med.school (if I'll get in this cycle, so far I just have 2 II's scheduled), but I would appreciate your answers to some questions I have:
1. Am I right that I can apply for private loans only? If yes, what companies are better than others? For example I've heard about Sallie Mae - are they good?
2. In the best scenario I'm looking to graduate med.school at 43y.o. and start residency at 47y.o. (depending on specialty/residency) when I'll start working on a full physician salary. Do you think physicians can safely work till 67 y.o. (let's assume good health is a no issue) - so it will give me 20 years of full time work? What specialties are better suited for such "old age" work? (I don't think I can do surgery at that age, but diagnostic radiologists or oncologist seems more possible).
3. I'm estimating my bill including living costs to be around $380K (I'm not in state and not even a resident/citizen, so will pay top bucks). So do you think it's still manageable and can be dealt with, so it will be a no issue in my situation? Can I still manage it if I decide to go IM - roughly $180K starting salaries?
Thank you very much for all your answers and help.
1. Am I right that I can apply for private loans only? If yes, what companies are better than others? For example I've heard about Sallie Mae - are they good?
2. In the best scenario I'm looking to graduate med.school at 43y.o. and start residency at 47y.o. (depending on specialty/residency) when I'll start working on a full physician salary. Do you think physicians can safely work till 67 y.o. (let's assume good health is a no issue) - so it will give me 20 years of full time work? What specialties are better suited for such "old age" work? (I don't think I can do surgery at that age, but diagnostic radiologists or oncologist seems more possible).
3. I'm estimating my bill including living costs to be around $380K (I'm not in state and not even a resident/citizen, so will pay top bucks). So do you think it's still manageable and can be dealt with, so it will be a no issue in my situation? Can I still manage it if I decide to go IM - roughly $180K starting salaries?
Thank you very much for all your answers and help.