- Joined
- Feb 17, 2013
- Messages
- 34
- Reaction score
- 11
Hey everyone. As I plan on where to apply to med school, I’m obviously thinking about tuition and other expenses too. I’m an independent student, $0 family contribution here. I guess I’m not understanding how these “Cost of Attendance” budgets are able to be met with the loans available.
For example, on LMU-DCOM’s financial aid page they state:
Cost of attendance budget for MS1 = $75,681.
Tuition alone is $44,140.
(I hope we’re allowed to post links here?) http://www.lmunet.edu/dcom/finaid/loans.shtml
Then the “loan programs” page states that a MS1 can borrow up to $42,722 for the academic year with the direct unsubsidized loan program (which doesn’t even cover tuition all the way!) Where is the rest of the money coming from that I am able to borrow to pay rent/expenses?? (since I’ll likely not be able to work in med school… and savings account now is paying current bills & money to apply in June)
I guess I’m worried because I have both an undergrad and Master’s degree with loans (scholarship only covered half and I maxed out the undergrad amount allowed) and I had to take a private loan to go back to school this semester to complete my science prereqs. Will med school loans be considered differently than my undergrad & masters loans? Or will my masters loans count against me as part of the total “graduate loan” amount I’m supposed to be able to take out for med school? Any help, links, websites, resources for me to read is appreciated as I am up late racking my brain here researching some answers
For example, on LMU-DCOM’s financial aid page they state:
Cost of attendance budget for MS1 = $75,681.
Tuition alone is $44,140.
(I hope we’re allowed to post links here?) http://www.lmunet.edu/dcom/finaid/loans.shtml
Then the “loan programs” page states that a MS1 can borrow up to $42,722 for the academic year with the direct unsubsidized loan program (which doesn’t even cover tuition all the way!) Where is the rest of the money coming from that I am able to borrow to pay rent/expenses?? (since I’ll likely not be able to work in med school… and savings account now is paying current bills & money to apply in June)
I guess I’m worried because I have both an undergrad and Master’s degree with loans (scholarship only covered half and I maxed out the undergrad amount allowed) and I had to take a private loan to go back to school this semester to complete my science prereqs. Will med school loans be considered differently than my undergrad & masters loans? Or will my masters loans count against me as part of the total “graduate loan” amount I’m supposed to be able to take out for med school? Any help, links, websites, resources for me to read is appreciated as I am up late racking my brain here researching some answers