I wil be an MS1 in August. I am already freaked out about the financials. By tuition is $16,000 and I will also get $18,000 in loans for living expenses. I am not an URM but I am from a low income family (very low, below poverty threshold). That shows that I simply cannot pay for school out of my pocket. People told me to join army but I do not really want to sign for any commitment (for personal reasons). I also do not get a grant after school obligations or commitments. Does any of you go to a state school and are in my condition? Does your school gives any grants because you are disadvantaged but not an URM. Life is hard for poor-white boys like me. What is the norm, is there anyway to get grants or I have to take all loans and graduate with $140000 in debt. Being a doctor is my dream and I made it unitl now but I do not know how to cope with the debt.
*most* people going to medical school aren't financing it through parents' money. you either pay off you loans with money or years of life. there are programs out there that you can do that will pay off your loans in exchange for practicing in a medically underserved community, there's the military, and there's the method most people take-- take out the loans and pay them back. unless you choose the service obligation stuff, you're pretty much going to graduate with over 100k in loans, grants or not. the nice thing is, you'll be making enough money to pay them off. people say "there isn't money in medicine anymore" which is blatantly false. yes, the money isn't like is *used* to be, but the money is still pretty damn good.
From what I understand medical students (other than the random lucky ones with lots of $$ available to them) usually take out big bucks in loans. You WILL make enough to pay them back. It takes money to make money. And you're not alone- I am going to do this all by myself as well. Lots of people are!! Find a website with average doc salaries, then sit down and do the math. It works out. Or if you are really stressing, then try talking to some doctors in your area. They could help you get an understanding of how to manage, and help you see that all is not lost.
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