Going to be at least in 120,000 in debt

[malibu3]

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Hey guys,

So I am going to a school where tuition is 100,000 alone not including living expenses. I'm really struggling with this fact and I'm trying to figure out to bite the bullet or wait another year. If I wait another year, it would be my third year of applying which I don't want to do.

Any advice?

 

[redrose424]

Hey guys,

So I am going to a school where tuition is 100,000 alone not including living expenses. I'm really struggling with this fact and I'm trying to figure out to bite the bullet or wait another year. If I wait another year, it would be my third year of applying which I don't want to do.

Any advice?

Is this including any debt from undergrad? I estimate I'll be in the whole about 130,000 (including undergrad, interest, and DPT). It depends how comfortable you are with the debt. A lot of students come out with similar debt, if I was you I would just go for it.

 

[Ginglymus]

I will have around 200k sadly.

 

[malibu3]

I am actually debt free from undergrad.

Is this including any debt from undergrad? I estimate I'll be in the whole about 130,000 (including undergrad, interest, and DPT). It depends how comfortable you are with the debt. A lot of students come out with similar debt, if I was you I would just go for it.

 

[turtlot]

I'm actually really curious myself. I've never worked a job and I'm starting PT school in the fall. Not only do I not know how to manage money but I'm curious about what percentages I would need to set aside for living expenses, food, leisurely activities, books, etc. Has anyone been in that situation where their loans did not cover their tuition or books?

 

[bap03]

Hey guys,

So I am going to a school where tuition is 100,000 alone not including living expenses. I'm really struggling with this fact and I'm trying to figure out to bite the bullet or wait another year. If I wait another year, it would be my third year of applying which I don't want to do.

Any advice?

I'm in a similar situation, and I'm going to wait a year. My wife and I will focus on paying our undergrad debts while we wait. If I can eventually get in and have 60,000 less debt in the long run (cost was going to be $115,000 w/o living expenses) it's worth it to me

 

[j12813145]

Hey guys,

So I am going to a school where tuition is 100,000 alone not including living expenses. I'm really struggling with this fact and I'm trying to figure out to bite the bullet or wait another year. If I wait another year, it would be my third year of applying which I don't want to do.

Any advice?

Hey there! I'm in the same boat as you. ( no debt from undergrad , going to be in a LOT of debt depending on where I go). I think it depends on a lot of factors 1) is this your top choice school and if not do you know exactly what you need to do to get into a school you really want to be at ? Yes it will cost less to strengthen your application, but that $ used to apply each cycle also adds. 2) do you think this school is WORTH the price ? Meaning they offer things you don't think you can get at a cheaper school whether that be better connections, residencies etc. 3) do they offer scholarships ? I know a few schools offer scholarships to second and third year students which could help alleviate. Also, I know my state offers tuition assistance if you go to work in an undeserved area upon graduation. Hope that helps 🙂

 

[redrose424]

Hey there! I'm in the same boat as you. ( no debt from undergrad , going to be in a LOT of debt depending on where I go). I think it depends on a lot of factors 1) is this your top choice school and if not do you know exactly what you need to do to get into a school you really want to be at ? Yes it will cost less to strengthen your application, but that $ used to apply each cycle also adds. 2) do you think this school is WORTH the price ? Meaning they offer things you don't think you can get at a cheaper school whether that be better connections, residencies etc. 3) do they offer scholarships ? I know a few schools offer scholarships to second and third year students which could help alleviate. Also, I know my state offers tuition assistance if you go to work in an undeserved area upon graduation. Hope that helps 🙂

I disagree it is more cost effective to wait. First of all, there is no guarantee that they would be accepted to another (let alone cheaper) school the second time around. So many more factors come into play: why reapply, why not attend the first school etc. Then you spend money to reapply (I spent 600 my first go around) and also money to retake any prereqs to strengthen your app (say you retake 2 courses that's almost 2k). So you're looking at 2600 to wait a year and try again with no guarantee of being accepted again. On top of that, you miss out on a year of potential income as a PT (we will say 60k gross on the low end). So you're looking at a total cost of 62600 to wait a year with no guarantees. Absolutely not worth it in my opinion.

 

[dpt_13]

I would accept if you got in this cycle, most of us are in the same boat!

 

[DesertPT]

If you are debt free from undergrad, this is your second application cycle and you have only received one acceptance, I would either take it and not look back or forget about going to PT school all together. It is highly, highly unlikely that you would improve on your situation by reapplying for a third year.