- Joined
- May 1, 2012
- Messages
- 192
- Reaction score
- 58
So I need some advice. I was doing some calculations, and figured out how much debt I may be in after Medical School, without taking interest into consideration. I just don't know if I'll be able to get out of it, and it is really stressing me out. I am going to be attending ATSU-SOMA.
I'm pretty much asking for advice...is it possible to pay this off? Is this too high? How long will it take me to pay it off, if I live minimally throughout my residency years? Which loan should I take out first between the two? Any advice to calm me down will help. Thank you everyone!
Tuition: $59,802 x 4 years = $239,208.00
Year 1 Medical Equipment Fee = $1,000.00
Rent+Utilities = $800/month x 4 years = $38,400.00
Food = $480/month x 4 years = $23,040.00
Gas = $30/week x 4 years = $5,760.00
Phone/Other Bills = $53/month x 4 years = $2,544.00
Total (Without Interest) = $309,952.00
***Loan Options***
Loans
I'm pretty much asking for advice...is it possible to pay this off? Is this too high? How long will it take me to pay it off, if I live minimally throughout my residency years? Which loan should I take out first between the two? Any advice to calm me down will help. Thank you everyone!
Tuition: $59,802 x 4 years = $239,208.00
Year 1 Medical Equipment Fee = $1,000.00
Rent+Utilities = $800/month x 4 years = $38,400.00
Food = $480/month x 4 years = $23,040.00
Gas = $30/week x 4 years = $5,760.00
Phone/Other Bills = $53/month x 4 years = $2,544.00
Total (Without Interest) = $309,952.00
***Loan Options***
Loans
Type/Lender | Award Year | No Term | No Term | Total: | Accept |
Scheduled Grad PLUS Loan | 2019-20 | $27,124.00 | $27,123.00 | $54,247.00 | |
Bank Fee | 2019-20 | $2,406.00 | |||
Gross Amount | 2019-20 | $56,653.00 | | ||
Scheduled Unsub Stfd Loan | 2019-20 | $21,135.00 | $21,135.00 | $42,270.00 | |
Bank Fee | 2019-20 | $452.00 | |||
Gross Amount | 2019-20 | $42,722.00 | | ||