How do you survive?????

[jbone]

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Ok, heres my situation.
I'm married and have 2 children. My wife wanted to stay home and raise the children. I just got back from the school and had a little heart to heart with the financial aid person. She explained to me that the buidget was about 52,500 dlollars. After tuition/books the remaining amount for EVERYTHING ELSE is only about $18,000-$20,000 😱 (foggy about this). This is only about $1600/month to LIVE ON????? 😱 How is this possible? How do you have a family and survive on such a small amount? Is there additonal funds we can secure just to survive? If so, how do I contact them to get this going? Any advice would be GREATLY appreciated. How do YOU survive?????? 🙁
Jason

 

[mendel121]

Ok, heres my situation.
I'm married and have 2 children. My wife wanted to stay home and raise the children. I just got back from the school and had a little heart to heart with the financial aid person. She explained to me that the buidget was about 52,500 dlollars. After tuition/books the remaining amount for EVERYTHING ELSE is only about $18,000-$20,000 😱 (foggy about this). This is only about $1600/month to LIVE ON????? 😱 How is this possible? How do you have a family and survive on such a small amount? Is there additonal funds we can secure just to survive? If so, how do I contact them to get this going? Any advice would be GREATLY appreciated. How do YOU survive?????? 🙁
Jason

I also have a wife and two kids, and I'm sorry to say, I don't know how you're going to do it without your wife working. The problem of course is that someone has to take care of the kids, and daycare is expensive. I deal with that by not going to class, I stay with the kids while the wife is working, then study when she gets home. My school streams the lectures on the web and I think that it's pretty common these days at most schools, so it makes staying home a little easier.

My wife is a public school teacher, so that's most of our money, plus loans and I also have a part-time job. We're comfortable, and I think that we could do it without me having a job.

The problem is that you just can't accumulate enough loan debt to fund school and your family without another source of income. I think that combined stafford and private loans, you can only take out $220K for a lifetime. Another option is to look for scholarships and grants to allow to take more loans, but even then you can only get loans/grants up to your cost of attendance.

The bottom line is that for a family the cost of attendence is supposed to be a 50% deal, with the spouse kicking in the other 50%, and the system just isn't set up to do what you're talking about, believe me I tried, the money just isn't there.

Like I said though, if your wife is willing to work, it shouldn't be bad - maybe an afternoon job to allow her to stay with the kids during the day, and then you can study while they're in bed

Sorry to be a bummer, it's hard with kids, but you just have to be patient and go with the flow, it'll all work out.

 

[SanDiegoSOD]

Are you strongly considering a career in primary care? (i.e. family medicine, internal medicine, peds, ob/gyn). The government will pay for you medical training if you commit (now) to work as a primary care physician in a medically underserved area.

ftp://ftp.hrsa.gov/nhsc/factsheets/Information-for-Students-and-Clinicians.pdf

Once you start receiving the scholarship, you can't turn your back on your primary care commitment - you'd have to pay back 3x the money you receive. But if you're pretty sure that this is what you want to do, I'd say you should seriously look into this program.

 

[DrMom]

duplicate thread in osteo with more responses, so I'm closing this one.