How did you finance PI med school?

[cowboybuboy]

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I know it's cheaper going to the Philippines for Med school. But if you can share how'd you finance going to med school without financial aid from the US, then, it would surely be a lot of help.
I know it's hard to get loans in the Philippines to actually survive in med school.
Other than your parents or relatives, how did you finance your education?

 

[Saipan]

Well, you've already ruled out financial loans from the US, and help from parents and relatives....so what's left?

Cash!!!! What other possible answer could you be looking for? Does anybody on this forum deal shabu in order to finance med school?

Tantrum has already told you that working may be difficult to squeeze in with med school. And your med school Dean will frown on you working. You may think that it's intrusive and none of his business, but that's life in the PI.

If you don't currently have the cash (or a sugar daddy), then keep working in the US until you have the wad you need.

My suggestion (after all the wise-assing) is for you to work out a four year budget that includes everything (even the flowers you buy your wife on Valentine's), then figure out how much longer it will take you to reach that amount with your work in the States. Don't quit work and come here until you have the money stashed away.

 

[cowboybuboy]

Anybody with other non-wise *** response? Saipan, anybody would love to pay cash whether they have it or not. But I believe in using other people's money to accomplish my plans. Just in case something happens, I will still have my own money to relieve the situation. I don't know about you Saipan, but I think you should start making honest here. It's not funny. Probably you think you're funny, but you're not. If you want to be funny, go work at a comedy club. Well, probably you are working there already. This is a place where potential doctors meet and discuss answers to a lot of situations.
Like I've said, you want to be funny? Be a comic, and stop hounding forums for student doctors like you're doing now. I guess that's how they do it in Saipan? A Filipino who went to Saipan and wanted to be a comedian. Now that's a story.

 

[lumanogin]

I don't see where he was being a smart a$$ about it. you asked how to finance school without loans or parents or relatives. there's not really any other option than paying out of your own pocket then. what else do you expect?

saving money until you've got enough saved up not to worry about finances once your there is the wisest choice in my eyes. i'm doing the same and just saving every penny for a couple of years.

 

[LocutusofBorg]

There are several ways of financing education in PI. First of all, as far as I know, UST and Fatima are both eligible for US Stafford loans. I don't recommend Fatima because of its excessive tuition, but UST is a good one if you can get in. Southwestern University - MHAM is eligible for Teri private loan, the same one that Carribean students often use. This is the school i'm starting June 2008.

Another source of funds is... CREDIT CARDS! Without any cosigners I was able to borrow $25000. I did it by applying for fixed-rate low interest balance transfer offers, and transferring the balances to a card that actually has no balance to pay off. Once transfers are complete, you call the credit card and ask them for a refund check for the overpayment. You end up getting CASH without cash advance fees, at a low fixed monthly interest. As long as you make minimum payments on time, this is a good way to borrow. Please check relevant websites on how to do this, before attempting it, pay attention to "balance transfer fees", and keep an eye on how minimum payments are calculated. This isn't a stress free solution, but it does work.

Of course, riding your bike around town screaming Baluuuuuuuuut is the ultimate option🙂

 

[cowboybuboy]

Okay, the credit card route seems reasonable. I might try and get some international student loans. They say it's credit based. So, if I get approved, I can pay after I'm done with med school. I don't have to pay during.
Thanks, y'all!

 

[Saipan]

Okay, the credit card route seems reasonable.

Reasonable? Are you nuts? When LOB suggested credit cards I had to check my calendar to see if it was April 1st already. And then you agree with him? And yet every reasonable suggestion I make is rewarded with scorn.

I'm beginning to think that you're just trolling on this forum.

No credit card suggestion can go forward without discussing interest rate. And forget about "introductory offers". I've never heard of an introductory offer that will last for four years. Credit card companies can change their rates anytime they want. Imagine paying 20% on your so-called loan for four years.

Get your rear-end to work and do some overtime. Bank the cash and don't waste you time thinking about med school in the PI until you've got your fifty large in the bank.

I told you ten days ago to work out your budget. Did you do it yet? If not, then you can't be serious about this idea, and we've all been hooked by a troll.

Congratulations!!!!....you got us.

All ocws, fil-ams, balikbayans, foreigners know the same thing. Life in the PI is nice if you have cash in your pocket. And they all discover that if they don't plan appropriately, then they have to get a new contract overseas and bank some more cash in order to return.

Lumanogin....you're the only one using your noggin. You may be too rational for this forum. But that only bodes well for your future career in medicine.

 

[tantrum]

The days of easy credit is over. Even the 0% interest credit cards are tightening up as banks are affected and it's more of a trap nowadays. Most of them have at least 20% rate after the initial promo period.
If you cannot wait to save (I would estimate about at least $30K), and you have excellent credit score, some private loans may give you 7-10% (depending on your equity and score). But paying more than 10% in annual interest will make your life harder later on.

 

[cowboybuboy]

Apparently Saipan you don't know what you're talking about. So just stop being a jerk and move on. What a f r e a k!

 

[Saipan]

Apparently Saipan you don't know what you're talking about. So just stop being a jerk and move on. What a f r e a k!

The namecalling is childish.

Tantrum basically gave you the same advice I did, although I think 30K is on the low side.

My advice is sound but it doesn't come topped with ice cream. Your thinking is not rational and your planning seems to be coming along poorly.