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- Nov 18, 2019
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I am posting here because I imagine that nontrads will have more experience in this issue although anyones input is appreciated. I am a nontrad recently accepted to medical school in a smaller city close to the suburb I currently reside. I have a wife and two kids in elementary school. I am now looking for the best possible option of going to school and have come up with three possible solutions, each with its own pros and cons. While I understand that everyones situation is different and ultimately I will have to do what is best for my family, I just wanted to see if someone has been in my position and what they ended up doing. For the sake of the post, I will call the three different areas I am considering as place A, B and C.
Options:
1) Remain at place A. Currently paying a mortgage on my property in a very nice suburb with excellent schools - so continue living here and commute to medical school:
Distance to school - 65 miles
Driving time without traffic - 90 mins. Traffic will generally not be an issue since I would be against the flow. Most people commute the opposite direction for work heading from the smaller city to the major metro area.
Pros - excellent schools, one of the best areas to live in this state, kids not uprooted from what they are used to and wife will be happiest here. Continue to pay towards the mortgage and build equity, relatively lower payments compared to what I would have to pay to rent elsewhere, meaning we will be using less of our savings, potentially less student loans and ultimately come out of medical school in a financially better position than any of the other options.
2) Move to place B.
Pros - slightly closer to school. Distance to school - 48 miles. Drive time - 60 mins. There is also a park and ride about 30 mins away that goes straight to the medical school. Elementary and middles school for kids - Decent, Not as great as option A but ...decent.
Cons - would have to sell my current home and rent in this area, whereby rent is higher than my current monthly housing payment. Kids would be uprooted but the area is decent and I'm sure they will be okay. Wife is generally happy with the area as well and does not mind it either.
3)Move to place C
Pros - the closest place to school where I would consider moving to. Distance to school - 28 miles. Drive time - 35-40 mins. There is also a park and ride that goes from this town directly to school. For kids, the elementary and middle schools are not that great and worst of the three areas I am considering. Pros - close to med school, would likely continue living here during 3rd and 4th year and would not need to air b&b during the tougher rotation. Less time spent commuting means more time home to spend with family and studying. Cons - the school district is the poorest for my children's education. I would need to sell my current home and rent here as well. similar rent prices compared to place B.
So my fellow nontrads, has anybody needed to commute and make a choice that will affect their kids as I see mine would? What choices did you make and how do you think it turned out for you? As background, I have been working for the last decade, a majority of which i have commuted 60 mins door to door each way. I enjoy the commute and that is the price I had to pay to live in this part of the usa !
Options:
1) Remain at place A. Currently paying a mortgage on my property in a very nice suburb with excellent schools - so continue living here and commute to medical school:
Distance to school - 65 miles
Driving time without traffic - 90 mins. Traffic will generally not be an issue since I would be against the flow. Most people commute the opposite direction for work heading from the smaller city to the major metro area.
Pros - excellent schools, one of the best areas to live in this state, kids not uprooted from what they are used to and wife will be happiest here. Continue to pay towards the mortgage and build equity, relatively lower payments compared to what I would have to pay to rent elsewhere, meaning we will be using less of our savings, potentially less student loans and ultimately come out of medical school in a financially better position than any of the other options.
2) Move to place B.
Pros - slightly closer to school. Distance to school - 48 miles. Drive time - 60 mins. There is also a park and ride about 30 mins away that goes straight to the medical school. Elementary and middles school for kids - Decent, Not as great as option A but ...decent.
Cons - would have to sell my current home and rent in this area, whereby rent is higher than my current monthly housing payment. Kids would be uprooted but the area is decent and I'm sure they will be okay. Wife is generally happy with the area as well and does not mind it either.
3)Move to place C
Pros - the closest place to school where I would consider moving to. Distance to school - 28 miles. Drive time - 35-40 mins. There is also a park and ride that goes from this town directly to school. For kids, the elementary and middle schools are not that great and worst of the three areas I am considering. Pros - close to med school, would likely continue living here during 3rd and 4th year and would not need to air b&b during the tougher rotation. Less time spent commuting means more time home to spend with family and studying. Cons - the school district is the poorest for my children's education. I would need to sell my current home and rent here as well. similar rent prices compared to place B.
So my fellow nontrads, has anybody needed to commute and make a choice that will affect their kids as I see mine would? What choices did you make and how do you think it turned out for you? As background, I have been working for the last decade, a majority of which i have commuted 60 mins door to door each way. I enjoy the commute and that is the price I had to pay to live in this part of the usa !