Cost of PCOM

[Mikey421]

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Anyone worried about the amout of debt we'll be in after 4 years of pcom, or is this unfounded??

 

[JonnyG]

i have yet to worry. I have been told by many who have done it before: Loans get paid back, even as a family practitioner.

 

[KeyLime]

I didn't apply to PCOM, but I will probably attend CCOM which is $40,000 a year. I'm really starting to get scared about that. I think that it is good to know what you are getting yourself into, and I also think that it is good to live within your means while you are in school and after you graduate.

 

[skatalite]

Anyone worried about the amout of debt we'll be in after 4 years of pcom, or is this unfounded??

I'm a little worried also. I don't want to be paying off loans for the rest of my life. I also know that most all of medical education is expensive, including other medical fields. I'm sure as long as we are conscious of the debt through school and try to limit spending then we'll be fine. Don't worry too much 🙂

 

[Taus]

just so you're aware....all private schools are relatively expensive....the other schools in Philly are comparable or more expensive

 

[Dr JPH]

I would figure on $50,000/year if you go to PCOM.

Thats tuition, living in a pretty nice place and having a decent amount of spending money.

Realistically you could probably do it cheaper...but that wouldnt be any fun. Philly has lots of bars.

SO take those loans and consolidate them at 4%, stretch them out over 30 years and you are paying a thousand/month. Not too difficult as long as you have any business sense and dont run your practice into the ground. Even FPs can afford that payment.

 

[Mikey421]

I don't think you can even take 50k out on fafsa loan, i think max is 43 or somthing

 

[Taus]

I don't think you can even take 50k out on fafsa loan, i think max is 43 or somthing

38,500 federal (8,500 subsidized if I remember correctly) + low interest private loans for the rest. Unless you go to a state school, private schools cost what they cost....

 

[Marthea007]

I was looking for osteopathic scholarships and came across a really nice one for PCOM if you qualify. I don't. But hopefully someone else does!

Private Osteopathic Scholarship Sources

Lancaster Osteopathic Health Foundation

The Lancaster Osteopathic Health Foundation (LOHF) in Lancaster, Pennsylvania will award two scholarships to students entering osteopathic medical school at Philadelphia College of Osteopathic Medicine (PCOM) in August 2006. Each scholarships is for $10,000 per year, for all four years of school (as long as the student continues to meet PCOM standards), a total of $40,000.

The following are the eligibility/selection criteria:

• Applicants must be must be residents of Lancaster County OR be graduates of a Lancaster County College or University* (Franklin & Marshall College, Elizabethtown College, or Millersville University). (*Graduates with less than two year's full time credit at one of the three Lancaster County colleges are not eligible.)
• Applicants must have been accepted for admission by PCOM. (Documentation of PCOM admission is required.)
• Applicants are required to submit a transcript and MCAT scores.
• Applicants must submit two letters of recommendation, one from an osteopathic physician, and one prepared by their pre-med advisor and/or pre-health committee.
• Applicants must detail their undergraduate community engagement, and describe their interest in osteopathic medicine by answering specific questions.
• If appropriate, applicants should submit evidence of financial need through the FAFSA or other means.
• Scholarship finalists will be interviewed by a selection committee at the Foundation office in Lancaster.

Early application is strongly encouraged. Deadline for submission of applications is Thursday, June 1, 2006. Questions should be directed to your pre-med advisor, or to the Foundation by email at [email protected] or phone at (717) 397-8722.

Lancaster Osteopathic Health Foundation
128 East Grant Street, Suite 104
Lancaster, PA 17602
(717) 397-8722
www.lancasterosteopathichealthfoundation.org

 

[Dr JPH]

I don't think you can even take 50k out on fafsa loan, i think max is 43 or somthing

$38,500 for M1 & M2
$43,500 for M3 & M4

I used private loans for the rest.

There are dozens of private loan companies ou there that would be more than happy to lend you as much as you could possibly want.

 

[Mikey421]

(off topic) jp your picture icon is kinda freaky

 

[Dr JPH]

(off topic) jp your picture icon is kinda freaky

Thanks