How much debt will you be in before you start medical school?

[iqe2010]

I'm on the mommy and daddy scholarship, so $0 thankfully.

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[ILikeDrugs]

I currently have 20k in student loans, which I shouldn't even have considering I received grants and everything was paid for. However, some emergencies came up and I had to take out personal student loans. I just finished my pre-reqs last fall, two years after graduating, and the bills from the 3 lenders are already starting to roll in. It's actually not to bad. It's about $160 each month, but I put $250 towards them.

 

[MrBananaGrabber]

$0 Gotta love the full ride scholarship

 

[sln]

I have no debt at all !I didn't read it well , i thought you said debt in med school and i just click the button 100k-150k hahah

 

[MediCynical]

My undergrad debt was only about 25k, but now I'm doing a 1 year SMP which is going to drive that up to about 50k. Kinda hate to think about it, but we all do what we have to do.

 

[postbacpremed87]

Hahaha same boat, but add about $50 for parking fines. Those nazis.

$0. If you count library fines, $18

 

[deleted393595]

After hearing everyone's stories on here about having undergrad debt, I'm really thankful I've been lucky enough to have a full ride.

 

[Kekeirda]

0$ for undergrad

I saved up $10,000+ in High school, got scholarships and financial aid, in reality I probably made a couple thousand a semester, and I still worked during the summers

 

[artsciencelove]

I'm about $50K in the black now, probably $150K in the hole after med school, $75K if I get into the one school in my state. I plan to be debt-free 5 years after residency.

 

[235788]

$0 in undergrad.

$100k debt in med school ($15k tuition, $10k living expenses per year).

but canadian specialists make as much as US family docs

 

[CodeBlu]

but canadian specialists make as much as US family docs

False. Soooooo false. Things have changed.

 

[pfaction]

I have 2 years left at 40k each, currently on 160k debt.

 

[circulus vitios]

A little over $25k after 4.5 years of college.

 

[CodeBlu]

This. The orthopaedic surgeon I shadowed was pulling in 700 k. His colleague (Spine Surgeon) was making 1 million/year. The family doctors make a good 170 - 220 k. If you are particularly good at business and you get additional certification (like, being qualified to perform gyn procedures/derm stuff/circumcisions) the salary goes up from there. Plus, the Canadian dollar is on par with the U.S. for several years now.

All the fam docs I know across the border in Windsor make 300k+ easy.

Clinics are cash cows.

 

[Led Zep]

Bump (Just trying to get some more data)

 

[Nguyen]

Planning to finish undergrad with no debt and money back in my pockets from scholarships.

 

[aviendhae]

Nine years ago I had a free ride, oh was that sweet. Lost it due to not using it lol.

So now I'm on loans and about to start my third semester with a balance of 14k in loans. It costs about $3500 a semester for tuition, fees, and books and I get about $4700 in loans.

However, , my new fafsa qualified me for over 9k in grants for the next school year. I'm still going to take out the max loans (9k+ a year). I have living expenses and all that. Plus me getting a job isn't happening. The reason I went back to school is because I can't find work. I can't even find a job at school, .

After this is all said and done (and if I keep getting grants) I'll be between 40-50k in debt.

 

[Epen]

$0

Full ride covers my classes. Life insurance payouts, placed in strategic low-risk stock options several years ago, will cover my dorm fees. Working 30+ hours a week for two years in high school for minimum wage is paying for my books.

Depressing circumstances and hard work: it pays off.

(I will be tapped out dry for med school though...)

 

[rockafella12]

13ish now after three years, one left, prolly bringing the total to about 15...

Depends on if I take that International Trip over winter break

 

[DeltaPlaya]

i'll have no debt from undergrad, and hopefully none after med school is over even if i do go to some private school.

 

[medicalmuscle]

0

 

[drshoes]

Zero, have a full scholarship

 

[Poliscidoc]

$22k undergrad
$47k for masters
------------------------
$69k before med school

Dumbest decision of my life= going to a small liberal arts college

 

[ponyo]

or so poor that you get an amazing financial aid package....

Haha this is me. After all my external scholarships I only pay $5k/year. I saved up $8k from high school part-time jobs, so it covered me during 1st and 2nd year when I was working crap jobs for like $10/hr

 

[Eric01]

i'll have no debt from undergrad, and hopefully none after med school is over even if i do go to some private school.

Going to Vegas to play some blackjack?

 

[Arkhias]

Interesting. Parents are broke, so I've received no undergraduate help from them.

What riles me up, though, is the way my university's financial aid office works. I slacked off in high school, so didn't get any full rides. However, the more partial scholarships I applied for and was awarded, the more they would just reduce my non-loan financial aid. Basically told me that unless I could get enough partial scholarships to be a full ride, I would have to take the loans.

Will be finishing up right at $27k student loan debt plus about $6k credit card debt.

 

[sirdude]

holy crap, 150k debt...what did you guys do in undergrad...
i will have about 8k...

I don't know if you have been thru this but tuition usually runs 5k -30k per year and without a pretty penny from parents you have to take a loan out to complete the school year and receive your grades. Scholarships help but are limited. Hopefully everyone that received full rides and/or had parents that could help them through school can fully appreciate what they have.

 

[Lake556]

School is zero from scholarships and living expenses mom/dad.

 

[doctorshateher]

Maximum Stafford loans X 4 years = ~$24,000

Paying for med school entirely with loans. meh.

 

[rockafella12]

Going to Vegas to play some blackjack?

Yeah, the 209 competition isn't working out too well, so I'm going with my non-linear equations professor to vegas on the weekends to count cards... It's simple math...

 

[Poliscidoc]

Yeah, the 209 competition isn't working out too well, so I'm going with my non-linear equations professor to vegas on the weekends to count cards... It's simple math...

Watch out for the stereotypical angry black male...

 

[13132]

I will thankfully have no debt. I picked my school (Indiana University) for the prospect of a full ride.

 

[johnwalldance]

State scholarship + parents paying for it = $0 debt wow I am blessed. But it only cost like $5000 a semester for my school, mostly for housing.

 

[doctorshateher]

Debt now: 20k

Estimated debt after med school: ~240K (excluding interest and assuming tuition increases every year since my school doesn't lock in tuition).

I don't know why I was under the impression that the tuition stays the same all 4 years. Barely any schools lock in tuition.

Also, I know that quite a few schools have higher tuition rates for 3rd and 4th years because its a 12-month rather than a 10-month academic year. So even without tuition increases, costs will likely go up. This is why I always round way up when estimating my med school debt.

 

[Scherbatsky]

0 debt after undergrad....thanks to cheap Canadian schools, scholarships, and parents

 

[Epen]

Relevant article!
http://www.theatlantic.com/business/archive/2011/08/the-debt-crisis-at-american-colleges/243777/
good read.