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aznb0y129 said:
What's the problem?
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I guess I should be really grateful I have an acceptance and just suck it up. But doing the math on my loans is pretty hard.

Baylor seems to think that I'll be ok with taking out $300K+ in loans + interest over the course of four years + residency.

Really I guess nothing new, but Florida's actually looking cheaper and these absolute numbers are just...incredible.

I mean ridiculous.

THIS is somehow a good deal? Are you f-ing KIDDING ME?
 
I don't even know what to think.

It's like the ground has been pulled out from underneath me. I suddenly woke up and did the math and it's f-ing terrifying.
 
Seriously, I'm entering a profession that a ton of SDNer medical students seem to loathe and detest with all of their being AND I'm about to take out $300K to do so???

[insert freak out moment here]
 
pianola said:
I guess I should be really grateful I have an acceptance and just suck it up. But doing the math on my loans is pretty hard.

Baylor seems to think that I'll be ok with taking out $300K+ in loans + interest over the course of four years + residency.

Really I guess nothing new, but Florida's actually looking cheaper and these absolute numbers are just...incredible.

I mean ridiculous.

THIS is somehow a good deal? Are you f-ing KIDDING ME?
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Isn't Baylor like 25K tuition, and say 25K more for other stuff to make 50K x 4= 200K😕
 
Yeah it's really self-centered of me to worry about my own problems like this when I know you guys are taking out just as much or more in loans.

But I am still just utterly in shock.
 
funkydrmonkey said:
Isn't Baylor like 25K tuition, and say 25K more for other stuff to make 50K x 4= 200K😕
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They estimate cost of attendance at $219K or so. Tack on $25K extra interest during medical school (I ran the numbers on that). Tack on a ****-ton of interest that will then accrue after my subsidized loans are no longer subsidized and you have slightly under $300K at the end of a 4 year residency).

DrYoda said:
That sucks🙁. I thought Baylor was supposed to be cheap.
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The school I dislike is about $20K cheaper per year in COA.
 
Azadre said:
CoL in Houston would be closer to 15k, so 160k.

There, we just halved your debt in one swipe, pianola!
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Yeah that's the real killer. What is the cost of living? They estimate cost of living in Houston quite a bit higher than $15K.

Mr. Nola could do it on $15K (or less) but...I don't even know what to think.
 
pianola said:
They estimate cost of attendance at $219K or so. Tack on $25K extra interest during medical school (I ran the numbers on that). Tack on a ****-ton of interest that will then accrue after my subsidized loans are no longer subsidized and you have slightly under $300K at the end of a 4 year residency).

The school I dislike is about $20K cheaper per year in COA.
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Do you think it's worth the money to go to the school you like less?
 
pianola said:
Yeah that's the real killer. What is the cost of living? They estimate cost of living in Houston quite a bit higher than $15K.

Mr. Nola could do it on $15K (or less) but...I don't even know what to think.
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if you enjoy living in florida, then why not just stay in florida during med school? Do well on the boards and m3/m4, and getting AOA should be easier than at Baylor.

$20k less per year is more like $40k less per year because of interest
 
aznb0y129 said:
Do you think it's worth the money to go to the school you like less?
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There are a lot of ways to think about this.

One thing that came to mind is that I could buy myself a nice car each year with the money I'd be saving. I could own four very nice cars and have the same amount of debt on graduation.

😱😱😱

That is an f-ing HUGE amount of money.
 
Azadre said:
Funks, you're coming to UMD, right?

I found a Kabab place we could eat at this fall.
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Lets see, 75K COA per year, with only 4k grants... yeah right... my COA at UTSW is less than the tuition at UMD... Sorry Azadre, but I cannot go to UMD🙁
 
Azadre said:
I imagine you could get away with 15k CoL. I live in Columbus, and my CoL is about... 9k. Rent, groceries, and utilities are the same between Columbus and Houston, but a car would take on a few more thousand dollars.
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Maybe I could? I hardly know what to think. I've lived in Florida for most of my life so it's hard for me to know what my needs would be in a large city. All alone with no support and not necessarily terrible good $$ skills.

My cost of living in CA was covered by a combination of parents and financial aid.

SDN2013 said:
if you enjoy living in florida, then why not just stay in florida during med school? Do well on the boards and m3/m4, and getting AOA should be easier than at Baylor.

$20k less per year is more like $40k less per year because of interest
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Yeah. Even if that $40K is an overestimate...😱
 
OK, I'm officially bummed for the rest of the night.

I hope Spurs gets better news than I did.

Likelihood is that I'm staying in Florida. It was a nice dream, I guess.

Signing off for a while.
 
pianola said:
OK, I'm officially bummed for the rest of the night.

I hope Spurs gets better news than I did.

Likelihood is that I'm staying in Florida. It was a nice dream, I guess.

Signing off for a while.
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Sorry pianola 🙁

Just take some time to think about it, I guess.
 
pianola said:
Maybe I could? I hardly know what to think. I've lived in Florida for most of my life so it's hard for me to know what my needs would be in a large city. All alone with no support and not necessarily terrible good $$ skills.

My cost of living in CA was covered by a combination of parents and financial aid.



Yeah. Even if that $40K is an overestimate...😱
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doubling isn't an overestimate for non-subsidized loans... it's actually usually between 2x to 3x I was told.
 
Azadre said:
I am just going to spend the night thanking god for my full tuition scholarship...
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you gonna be a surgeon right? You probably wouldn't have much difficulty paying it off if you manage well and live frugaly during residency and first couple of years attending. But being 300k richer is [borat] very nice [/borat]
 
pianola said:
OK, I'm officially bummed for the rest of the night.

I hope Spurs gets better news than I did.

Likelihood is that I'm staying in Florida. It was a nice dream, I guess.

Signing off for a while.
Click to expand...

Goto second look, and with the tuition difference in mind, see if you might actually like the FL school better than Baylor. If you really really hate it, then the $ isn't worth the misery of suffering through 4 years.
 
Azadre said:
Well... the interest rate is 6.8%. Assuming you capitalize it each year...

I think 20k each year for four years is only 88.5k.
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I thought they were like 8.5%?
 
that's exactly what I was thinking. especially if you crunch the numbers and there's not an amazing difference.

I'm sorry you're disheartened, p. I am sure it'll all work out.

Bah, money.

Drizz would say let it go
 
not everyone has a MB convertible, two targas convertibles, and a regular car (a luxury brand, forgot which, it's on one of the pages here) as as MS1.

Investment Banking 👍

My high school friend two years older than me working at goldman will probably retire by the time I enter residency lol
 
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pianola said:
OK, I'm officially bummed for the rest of the night.

I hope Spurs gets better news than I did.

Likelihood is that I'm staying in Florida. It was a nice dream, I guess.

Signing off for a while.
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I'm sorry pianola🙁 *e-hug* It'll be fine.
 
Yeah. This year, I had 2 siblings in college...which helped me A LOT with finaid offers. But they're both graduating next year 🙁 I just want to see how much this will affect me.
 
jgberken said:
Yeah. This year, I had 2 siblings in college...which helped me A LOT with finaid offers. But they're both graduating next year 🙁 I just want to see how much this will affect me.
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aren't you filing fasfa independent anyway? siblings have no bearing then, except maybe on schoolbased stuff.

federally, you are all grown up.

*sniff* fly, bird, fly!
 
jgberken said:
Yeah. This year, I had 2 siblings in college...which helped me A LOT with finaid offers. But they're both graduating next year 🙁 I just want to see how much this will affect me.
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Will they be going to grad school, cuz that still counts...
 
olemissbabydoc said:
aren't you filing fasfa independent anyway? siblings have no bearing then, except maybe on schoolbased stuff.

federally, you are all grown up.

*sniff* fly, bird, fly!
Click to expand...
Ohh I'm filing as independent. But every school gave me a lot of need based scholarships/grants because of my siblings. So it still matters (even though I'm indpendent)
funkydrmonkey said:
Will they be going to grad school, cuz that still counts...
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WHOAWHOAWHOA you sure about that?
 
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