- Joined
- Feb 28, 2010
- Messages
- 136
- Reaction score
- 1
I posted this thread in the pre-pharmacy section, but I figured I'd get more of a response here. Here's my situation:
So, I recently graduated with my Bachelor's in Business Management and I'll be turning 26 this summer (I changed majors/took time off of school, etc). I've decided that I would really like to give pharmacy another shot. It's what I enjoy doing and I wasn't prepared my first time around.
My issue is that I have 70k in existing student loans. I've been accepted at ACPHS, but I have one more year of pre-reqs to complete before going into the professional phase. As long as I meet the minimum requirements, there is a seat reserved for me.
I'm getting a $5,000 yearly scholarship, but the first year tuition alone is $31k ($26k after scholarship). The next 4 years are $36k ($31k after scholarship). Pharmacy school in total would cost me $150k, assuming I don't get any additional grants/scholarships once I begin the professional portion. That combined with my existing $70k would put my student loan debt at $220k. During the program, I could stay with family who lives near Albany, so my living expenses wouldn't be too crazy. My Mom even mentioned perhaps living at home a year after I graduate and just putting the majority of my salary toward my student loans for that year. I just don't know if I want to be doing that at 31 years old.
My other option is to wait for SUNY Stony Brook's program to open in a year or so and try there, since it's a public school and lot cheaper for me as a NY resident (I live on Long Island and could commute there). I'd just hate to wait another year or so before going back to school, since I'm not getting any younger.
I'm pretty confident I can land a job after graduation, as a friend of mine is a pharmacist and owns his own independent pharmacy. Plus, I have connections from my former job as a tech at CVS.
My question is, would it be smart of me to do this, financially?
So, I recently graduated with my Bachelor's in Business Management and I'll be turning 26 this summer (I changed majors/took time off of school, etc). I've decided that I would really like to give pharmacy another shot. It's what I enjoy doing and I wasn't prepared my first time around.
My issue is that I have 70k in existing student loans. I've been accepted at ACPHS, but I have one more year of pre-reqs to complete before going into the professional phase. As long as I meet the minimum requirements, there is a seat reserved for me.
I'm getting a $5,000 yearly scholarship, but the first year tuition alone is $31k ($26k after scholarship). The next 4 years are $36k ($31k after scholarship). Pharmacy school in total would cost me $150k, assuming I don't get any additional grants/scholarships once I begin the professional portion. That combined with my existing $70k would put my student loan debt at $220k. During the program, I could stay with family who lives near Albany, so my living expenses wouldn't be too crazy. My Mom even mentioned perhaps living at home a year after I graduate and just putting the majority of my salary toward my student loans for that year. I just don't know if I want to be doing that at 31 years old.
My other option is to wait for SUNY Stony Brook's program to open in a year or so and try there, since it's a public school and lot cheaper for me as a NY resident (I live on Long Island and could commute there). I'd just hate to wait another year or so before going back to school, since I'm not getting any younger.
I'm pretty confident I can land a job after graduation, as a friend of mine is a pharmacist and owns his own independent pharmacy. Plus, I have connections from my former job as a tech at CVS.
My question is, would it be smart of me to do this, financially?