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roughly speaking ? (by the time you get your md ?)
Good news, your estimation is way too high. The amount capitalized to you loans at graduation will only be around 15% of your yearly expenses *4. And if I do a 5 yr residency, I'm expecting to have around 125% my original loansTotal = (Expenses * 4) *2
Expenses = general living loan, tuition, etc.
'2' represents the approximate loan's interest accumulation
About 8 years.
I wrote one hell of a set of essays for USUHS too.Me too! Not include residency, of course.
I wrote one hell of a set of essays for USUHS too.
Dude, nice. That program looks pretty great.I'm applying for EMDP2. I wrote probably the best PS I've ever written for that, so we'll see if it helps.
Dude, nice. That program looks pretty great.
How you'll feel if you get selectedYeah. Praying I get selected. They take 6 from the Navy.
How you'll feel if you get selected
Nope, I paid those off on purpose.if you go private even more. heck, Columbia med alone is nearly 90k YEARLY - plus your ugrad loans
Best of luck, sir.Yeah. Praying I get selected. They take 6 from the Navy.
Best of luck, sir.
Still debating USUHS or not. Depends pretty much on SO.
Best of luck, sir.
Ahh, congrats!Heard that. Wouldn't have applied for this program if the SO wasn't on board (no pun intended).
Good news, your estimation is way too high. The amount capitalized to you loans at graduation will only be around 15% of your yearly expenses *4. And if I do a 5 yr residency, I'm expecting to have around 125% my original loans
Hey don't call him "sir", he works for a living!
Ahh, congrats!
Also considered just doing FAP too. Makes me feel a little guiltier though..haha. And USUHS is freaking awesome.
Dude, right? It's like you're getting paid twice. No school fee and a salary not a stipend. The value of that whole package is just insane.Only when I can't get away with skating.
Yeah. I know a few docs who went to USUHS and loved it. The O-1E pay will be nice too.
Dude, right? It's like you're getting paid twice. No school fee and a salary not a stipend. The value of that whole package is just insane.
Okay, but OP asked about the time you get your MD and if there is ever a time when your debt is 2x the original balance you are doing something wrong (yes, you may pay in total close to 2x, but that is a different story).You also have the years it takes you to pay off the loan. I know there are a lot of heroes on SDN who plan to be debt free 3 years after school, but 10 years is a much more feasible time frame for most people. That actually does put the total cost of the loan at right around 2x the original amount.
Every school I'm applying to is ~$50k/yr (some of us don't have state schools :/ ), plus ~$20k/yr CoL loans... I'm hoping to make it out of this paying less than $600,000 over 10 years. In a strange twist, the better the school I get into, the less I'll probably end up paying thanks to need based scholarships.
That is good news. haha. Thank you.Good news, your estimation is way too high. The amount capitalized to you loans at graduation will only be around 15% of your yearly expenses *4. And if I do a 5 yr residency, I'm expecting to have around 125% my original loans
Dude, right? It's like you're getting paid twice. No school fee and a salary not a stipend. The value of that whole package is just insane.
Yeah, I actually don't mind that. I don't want to make big doctor money which is why I want to end up debt free; so I don't have to chase money.Don't worry. The military will make it back and more when they control your life and underpay you by 50-70K/yr for the next 6-8 years after residency.
Samei'm pretty sure it depends on who you are and what school you go to, but i read the average is 180k-250k
Don't worry. The military will make it back and more when they control your life and underpay you by 50-70K/yr for the next 6-8 years after residency.
Yeah, I actually don't mind that. I don't want to make big doctor money which is why I want to end up debt free; so I don't have to chase money.
I love the namePoor family, 100% loans, 0 savings. 65k/year, baseline of 260k, assuming 25% extra total (fees, interest) from PLUS and unsub fed loans averaged over 4 years, close to 330k.
Hey, Cersei may be a little controlling, but she just wants what is best.I'm hoping to have under 200k in loans by the time I graduate. I'm not sure tho, because my grandpa left me some money when he died, and I think there's about 50k in the account now, but my parents control the account (I know, I should be independent or whatever, but I'd definitely eff it up if I had to manage the account myself) and apparently it changes every day so I really have no idea.
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Hey, Cersei may be a little controlling, but she just wants what is best.