I'm going to attend the most expensive MD school in USA. Would debt be manageable? Thoughts?

[Tenk]

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You are confused lol. Idk where you came up with that ''assumption'' on my part but that's completely false. I'm talking about the total cost for UIC would be 440k without interest, and the salary he'd be paying it back with will be closer to 250k after taxes in a lucrative specialty. Not worth it.

On the other hand the DO school will be closer to 250k pre-interest, which is reasonable.

I agree that we need to know which schools, especially to compare CoL. And no offense to anyone here, but please dont base this decision on the advice you're getting from a bunch of 20-21 year olds who have never worked to pay off debt before. The cost of your school will affect you much more in 15 years than the name will.

Did you even read my original post? I said don't defer for a year just to get instate tuition. I never even mentioned anything about attending the DO school. This was not a comparison between the MD and DO school. It was a comparison between matriculating this year versus waiting a year to get instate tuition. I used that 35k tuition as an example for instate versus out of state tuition.

Please read before you post.

 

[Affiche]

Did you even read my original post? I said don't defer for a year just to get instate tuition. I never even mentioned anything about attending the DO school. This was not a comparison between the MD and DO school. It was a comparison between matriculating this year versus waiting a year to get instate tuition. I used that 35k tuition as an example for instate versus out of state tuition.

Please read before you post.

No, I was responding to your statement that I was assuming the school becomes free after a year, which I wasn't. I was clarifying where my numbers were coming from but you still seem confused and now also hostile lol.

 

[Ancient_Eldritch]

If you are going for anesthesia or surgery DO NOT listen to anyone who tells you to defer for a year. If you defer a year you lose one year of attending salary which in those specialties is around minimum $400,000+ if you factor in good retirement/benefits.

I was a re-applicant myself. I had $300,000 in loans leaving med school and life is fine. Go with the MD school. Study hard and match into the specialty you love. Good luck.

Great post, I'm going to follow your advice and take the plunge. Taking out Gradplus and stafford will have to do. I tried applying to some random scholarships that supposedly are for grad students, but I doubt I'll get any of them. Us med students don't really fit the demographic to get a lot of scholarships outside of the institution.

 

[Tenk]

Great post, I'm going to follow your advice and take the plunge. Taking out Gradplus and stafford will have to do. I tried applying to some random scholarships that supposedly are for grad students, but I doubt I'll get any of them. Us med students don't really fit the demographic to get a lot of scholarships outside of the institution.

Good choice. You'll be happier in the end if you match into the job you love over the job you settled for. Good luck.

 

[SOMBound13]

Great post, I'm going to follow your advice and take the plunge. Taking out Gradplus and stafford will have to do. I tried applying to some random scholarships that supposedly are for grad students, but I doubt I'll get any of them. Us med students don't really fit the demographic to get a lot of scholarships outside of the institution.

Good! And, I hope that you get another MD acceptance so you might end up with a merit offer from both. And, do look into any loopholes that will get you those instate rates.

 

[hatsoff9900]

DEFINITELY go MD. All the way. You are just going to have to figure that you are going to be on the PAYE/REPAYE plan. So for the next 20-25 years, 10% of your income will go to Uncle Sam. Just set it to automatically deduct from your account, and forget about it. You have no other options -- you've been caught between a rock and a hard place. I feel your pain.

 

[hatsoff9900]

Though not as extreme as you -- you are definitely an outlier. Question -- does your spouse working qualify you for in-state after a year?

 

[lucin]

Don't do it.