Financing Graduate School/Average Loan Debt

[CrazyPremed]

Advertisement - Members don't see this ad

Folks,

Thanks for all of the advice! I don't know if everyone can understand how much SDN has helped - and continues to help - many of us in our premedical journey. Thanks to everyone.
Anyway, for those of you that did go back and get graduate degrees/finish post-bacc programs, how did money factor into your decision. I want to pursue a science based MS as a back-up plan/enhancer to pursuing medical school, but I'm looking at an additional $30,000-$40,000. Has anyone else been in this situation? Any advice would be greatly appreciated.

 

[nina512]

I'm just finishing up my MS and it cost me about 50k (I know, ouch!) But since I went to what's considered a low-rate undergrad, I wanted a big name school (not to mention that I liked their program), therefore I had no choice but to fork over the cash.

Some advice...make sure your finances are in order. I had good credit but I still needed a co-signer. Also, borrow as little as possible (common sense right?) I borrowed the full amount because I didn't want to stress about finances. This was my last shot to prove myself and I didn't want to f it up because I was worried about not having enough to eat. However, it should all pay off. Just think...if you add that 40k to the cost of 4yrs at a state med school, you'll be about even with what it would cost to attend a private med school.

Yes, I'm a little worried that this will come back to bite me in the butt, but you have to take a chance right?

Good luck!
Nina

 

[CrazyPremed]

This was my last shot to prove myself and I didn't want to f it up because I was worried about not having enough to eat.
Yes, I'm a little worried that this will come back to bite me in the butt, but you have to take a chance right?

Good luck!
Nina

That's a good point. I'd hate to finish the classes, take the MCAT, go through all the trouble, and think "if I had only tried harder..." If I don't make it in - I'll be dissapointed and in more debt - but at least I'll know that I gave it my all.

 

[Dr.Wolkower]

just take out the loans or join the military and get your degree

 

[FiveForFighting]

I'm around $45K in debt due to my master's program, but figured no matter what I'd get a job if I didn't make it to med school and pay it off eventually.