I'm looking at applying to SGU, and I saw the ridiculously high tuition. How do people pay for it? I don't want my parents paying for it, so just wondering how it can be done. I know it has FAFSA, but do you get the full tuition/living amount? Or do people take out separate loans as well?
How to pay for SGU?!
- Thread starter bigstar21
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private loans.. plenty of banks will gladly lend you money, the owner of SGU also owns a landing company and lends students money to pay tuition and for housing and other things. so finding where to get loans isn't a problem. if your credit sucks then you might need one of your parents to co-sign your loans.
i know when you apply for fafsa, they give you a certain amount (no interest) per year. so in addition to that, you need to take out other loans where interest rate is accruing?!
what are the interest rates approximately?
what are the interest rates approximately?
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For school of medicine you can take out $20500 from Stafford loans, from that $20500, $8500 is subsidized and the rest is unsubsidized. The rest of tuition and expenses will come from Graduate Plus loans and after July first they will be direct loans through the government with interest rates close to 7.9%.
Hope this helps
Hope this helps
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7.9%?? ...What the hell. So after July 1, there will be no subsidized portion...is that correct?
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Sorry if i wasn't clear. The loan structure will stay the same. The subsidized portion will be there too. The only difference is that the Graduate plus loan will be offered by the government and not private banks.
Thank You
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The number one option for most students is loans. Be careful with loans though because by the time you graduate, you would have close to half a million dollars in debt.
Many people work before med school, which puts you in a better starting position financially.
Do not attend a school you cannot afford! If you can't pay the tuition, you're screwed. Some people think they can take a leave of absence at any time they please to work and get money between semesters, but it's not as easy as you'd think.
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Hi Javad, is that $20500 per year?
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Yes it is extremely expensive but at the same time you have a chance in rotating where ever you want to. I'm from GA and Medical College of Georgia's tuition is $21,408 for the first year and $17,126 for the second year; source: http://www.mcg.edu/som/admit/financial/tuition.html. And SGU's tuition is around $48,000 for one year, plus personal expenses on top of that. I think it'll be better for you to go to a US med school if you're concerned with money.
I go to a Caribbean medical school SJSM and it has the lowest tuition rate, and it is the main reason that I chose it.
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Id like to have the ability to practice in 50 states when I'm finished. How many states can you practice from St. James?
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Why not use loans from US financial aid?
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You can practice all the states except California, Arkansas, Florida, and Texas.
You can also practice in NY if you're licensed in another state.
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Federal loans don't pay for everything. I have a friend in NYU dental school and federal loans top out ~ $60,000 for him and the rest are private loans and he has to pay $160,000 for his first two years. But then again NYU is a private medical/dental school it could be different for public medical schools.
