How much money would it take you to defer a year?

[loveoforganic]

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Normally, you ask to defer, stating a good reason, and they either will or won't allow you to (there is no money involved). Sometimes, a med school will get more people matriculating there than they can handle, and they will offer partial tuition waivers and whatnot to people who agree to defer acceptance.

 

[mvenus929]

Dude, if you defered a year, got instate tuition and got 10K off your tuition this is seriously a no brainer...

It still breaks down to only 40K (plus the tuition reduction for future years) less, because UVA gives out grants for OOS students that covers the difference in tuition. So it may be a no brainer for some people, but that still isn't enough to get me to defer a year.

 

[VTBuc]

I wouldn't do it. No way.

If you defer you have to either:

A. Get a job at some crappy fastfood or retail store or
B. Freeload off your parents

Your independence is worth more than some tuition reduction.

 

[fahimaz7]

$250,000

 

[Narmerguy]

I wouldn't do it. No way.

If you defer you have to either:

A. Get a job at some crappy fastfood or retail store or
B. Freeload off your parents

Your independence is worth more than some tuition reduction.

Or, C. Do paid research at the medical school 😕

 

[JJMrK]

It still breaks down to only 40K (plus the tuition reduction for future years) less, because UVA gives out grants for OOS students that covers the difference in tuition. So it may be a no brainer for some people, but that still isn't enough to get me to defer a year.

Huh? They didn't mention this at all during the interview. I don't doubt they do it for some students, but I really don't think they do it for everybody.

 

[mmmcdowe]

Given the opportunity to spend a year doing paid research at my university, I would have done it for a 40K tuition reduction. Why? Because I plan on taking a fifth year to do paid research at my university anyways. The learning curve would be a little higher doing it up front, but quite honestly my knowledge of anatomy still left me running to find where the lenticulostriate artery is.

saving people the trouble:
http://www.meddean.luc.edu/lumen/MedEd/neuro/neurovasc/navigation/mcall.htm

 

[Steeler7588]

Huh? They didn't mention this at all during the interview. I don't doubt they do it for some students, but I really don't think they do it for everybody.

Yeah, that grant is definitely need based. Not everyone gets it, and some of those who do won't receive the full amount ($17k).

 

[VTBuc]

Or, C. Do paid research at the medical school 😕

Oops...only read the OP.

 

[ThatQuestionGuy]

Yeah, that grant is definitely need based. Not everyone gets it, and some of those who do won't receive the full amount ($17k).

The School of Medicine offers scholarships up to $14,500 per year for in-state students and $17,000 per year for out-of-state students
http://www.healthsystem.virginia.edu/internet/financial-aid/school-aid.cfm

It's only 2500 more a year isn't it?

 

[Steeler7588]

The School of Medicine offers scholarships up to $14,500 per year for in-state students and $17,000 per year for out-of-state students
http://www.healthsystem.virginia.edu/internet/financial-aid/school-aid.cfm

It's only 2500 more a year isn't it?

I'm a little confused with what you're asking. Are you pointing out the difference between the maximum grants IS and OOS students can get? Yes, it appears it's $2.5k.

I was just making clear that if you were able to become IS through deferment, that would actually net you a significant amount of money if you didn't demonstrate financial need ($40k tuition reduction + ~$40k saved from becoming IS + however much tuition increases). A previous post could be interpreted as all OOS students receive a grant that covers the IS/OOS discrepancy, which is not the case.

 

[ThatQuestionGuy]

I'm a little confused with what you're asking. Are you pointing out the difference between the maximum grants IS and OOS students can get? Yes, it appears it's $2.5k.

I was just making clear that if you were able to become IS through deferment, that would actually net you a significant amount of money if you didn't demonstrate financial need ($40k tuition reduction + ~$40k saved from becoming IS + however much tuition increases). A previous post could be interpreted as all OOS students receive a grant that covers the IS/OOS discrepancy, which is not the case.

I was referring to this post "because UVA gives out grants for OOS students that covers the difference in tuition" and wondering where that idea came from. I didn't think anybody got a grant covering the difference. It's true that your CoA is higher so you can get potentially more aid but unless you + your parents EFC is around (in-state CoA - 8.5k) you won't get a grant covering the difference. Anyways, I agree with you that moving in-state is the only sure way of getting that 10k difference.

 

[ThatQuestionGuy]

By the way, I'm the original poster and I decided not to do it. I might be tempted if I was right out of college but I'm not so I think it's time for me to go back to school.

 

[Steeler7588]

I was referring to this post "because UVA gives out grants for OOS students that covers the difference in tuition" and wondering where that idea came from. I didn't think anybody got a grant covering the difference.

That's correct. I believe that's what JJMrK was pointing out - OOS students might receive grants that make up the difference between OOS and IS tuition (and more), but it has nothing to do with their OOS status, just their family's finances. If you were able to receive the best possible financial aid package, becoming IS would only 'cost' you the $2.5k difference in max grant values (but the CoA would be lowered by ~$10k, so it's definitely advantageous, ~$30k so).

I don't think the value of this lies in the finances of the situation, although for some people the finances would work out very well (if you were doing the MPH anyway, or if you used the year off to gain VA residency). The appeal for me is a discount for taking a year off to chill, something that's going to be less true for people who have already taken a break in education since finishing college. If I didn't have a summer planned where I think I'll be completely recharged and ready to go, I probably would have deferred, but my parents would have fronted me money to go travel abroad or something. Securing finances for the year off would be an issue for most.

As of last notice, they were 8 over from their max of 162. Based on some recent threads on SDN, it appears a couple of those might be lost to other schools due to waitlist movement. If they increased it to $80k or something, I'd be very tempted... what would a person need to do to get Virginia residency in that year off?

 

[Eyesore]

Wow, times have sure changed! In the mid 90s when I was considering attending UVa, the tuition, I believe, was roughly 10 to 11k per year for in-state tuition. When I saw this thread and read they were giving 10k off, I thought that it would make med school super cheap. So when I looked it up and found out that in-state tuition was now 37-38k per year, I was blown away! How can tuition go up that quickly in that amount of time?! That's crazy!!

 

[JJMrK]

Wow, times have sure changed! In the mid 90s when I was considering attending UVa, the tuition, I believe, was roughly 10 to 11k per year for in-state tuition. When I saw this thread and read they were giving 10k off, I thought that it would make med school super cheap. So when I looked it up and found out that in-state tuition was now 37-38k per year, I was blown away! How can tuition go up that quickly in that amount of time?! That's crazy!!

If people will pay it, they can do whatever they want.