NYCOM Class of 2012

[newyorker2008]

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Thanks for all the helpful responses, you guys are the best.

 

[Larlar411]

To any second, third or fourth year:
So I was able to get into medical school, but thinking about how to get a loan is very stressful. I am tired of waiting around for FinAid to get the packet out, so I've been making calls and filling out FAFSA. I've heard about 4 different things so far. FinAid at nycom said any student is guaranteed $42,000...but I know that won't be enough to live on as well. So then she mentioned a private loan, which I wouldn't know how to begin anyway.
So then to clarify I called FAFSA and then said a grad student or med student is only allowed $20,500. I must have asked her 3 different ways how that made sense.
Then looking at the form nycom gave us at the interview, it said you could get up to $65,000 somehow.
Clearly I'm lost with all these numbers and I don't want to wait until the last minute and find out its all gone. Any insights please??

 

[JimmyNeutrino]

For all the fellow students not on facebook:

1. Orientation starts August 18, 2008 at 8:00am at the Riland Academic Health Center Auditorium

2. Housing information on WebBoard Conference starts April 21, 2008

3. Handbook can be downloaded March 31, 2008

4. Health information arrived as well.

Let me know if you guys need more information just in case you haven't received it.

 

[ejay1518]

Out of curiosity...how old is everybody and what have you guys been doing since college or w/e it is you are coming from before NYCOM?

 

[gobiggreen]

2nd year here...wait for the financial aid packet. Don't try to get things done ahead of time. You'll get all the aid you need unless you have a credit problem or outstanding loans.

You can take out 189,000 in stafford at once. That should be enough to pretty much cover your tuition at NYCOM (unless you need health insurance as well, then it may be almost as much, but not all of it).

If you have say, 40k in outstanding from college, however, you won't be able to take out your final year's tuition, keep that in mind. You'd need to pay for it with a private loan.

In terms of private loans...you can usually take out around 26k or so in living expenses but you do this basically at the same time you file your other financial aid. You get a list of NYCOM options, some of them are decent, or you can choose to go and do it on your own. I think it's probably easier to just do it through NYCOM, but who knows. 26K should be plenty for you to live on for the year in the area.

 

[ADeclan]

Out of curiosity...how old is everybody and what have you guys been doing since college or w/e it is you are coming from before NYCOM?

Well, I'm 14 yrs old. I live in Los Angeles. I just finished Princeton and about to start med school. Last few months, I've been hanging out with my friend Vinnie. I am constantly torn between a life of teenage fun with my buddy Vinny, and a more serious and quiet life learning medicine.
-Doogie Howser

 

[MystA RavE]

Most of you should not consider doing DPC, no offense to the people who are in it. The lecture set up is good enough (and alot of it is clinical despite what you think) and you can stream everything so you won't have to worry for tests. You won't need any books for lecture except for anatomy, I kid you not! Now for studying boards that's a different story but, for class you need none. I don't think NYCOM has any stats for the people in dpc vs lecture for long-term board rates. Besides the majority of you have done lecture throughout college, and med school is not the time to start something new with all the work you gotta do. I don't know about you, but why would you want to do DPC where you have to write essays about medicine lol? I know the people in DPC luv it, and will probably shoot me for writing this but it's just my opinion 🙂 Leave me a pm if you have questions and need help. I started out school doing badly and I hated it. Now I do great 🙂 I will give you the tricks and tips of the trade......

Maybe you should just make a post here with the tips and tricks? I'm sure many people would find it helpful.

Thanks 🙂

 

[theserbatron]

we have more than a few comedians in our class, it seems. should make things mighty interesting come august 18th

 

[KateGia]

For a person that has 20k in debt will you get 189k for stafford or will you still need to take out an extra loan. Also if you go with NYCOM's loan programs can you just take 20k for living expenses instead of 26k

I am about 30K in debt from undergrad, I just went to the financial aid lady and she told me that i will be about 10k short for 4th year, but that it can be covered with my grad plus (your max allowed for grad plus increases if your stafford won't cover your tuition). Also, you aren't required to take any specific amount out for grad plus (living expense loans). You can take any amount up to the max (i believe for the incoming class you can take up to 30K). You WILL NOT need 30K to live on. I've taken 25, and at the end of last year I paid off my car loan with the leftover, and this year i'm paying for my wedding with the leftover. So unless you're someone who likes to have a little extra in case anything happens (car dies, you breakup with your live-in bf/gf and are required to pay 2 rents for 3 months, etc) You really don't need the max.

 

[happygirl3]

For all the fellow students not on facebook:

1. Orientation starts August 18, 2008 at 8:00am at the Riland Academic Health Center Auditorium

2. Housing information on WebBoard Conference starts April 21, 2008

3. Handbook can be downloaded March 31, 2008

4. Health information arrived as well.

Let me know if you guys need more information just in case you haven't received it.

They sent us a letter about the temporary webboard conference they've set up for class of 2012. They said the handbook would be on it, and as you've said, that it would be available as of March 31st. But, I don't see it on there...am I just blind? Or am I looking in the wrong place...? 😕

 

[Scotty_G]

Everyone who pmed me im me: swimsaxg (aim) Orientation was crappy because you have to wait on these lines to get Id's pictures etc/cards.....

 

[Eudjinn]

Do we get white coats? When and where? The 2nd years that were giving our tour were wearing them so if I'm not mistaken we should have them before the white coat ceremony at the end of 2nd year., right? Stupid question, but kind of interesting.

Also, my fafsa said that social security didn't verify my citizenship and that I would need to submit proof to my school to get federal aid. Anyone else get that? I thought that was weird. Do I have to send a copy of my passport to nycom?

 

[ADeclan]

They sent us a letter about the temporary webboard conference they've set up for class of 2012. They said the handbook would be on it, and as you've said, that it would be available as of March 31st. But, I don't see it on there...am I just blind? Or am I looking in the wrong place...? 😕

As far as I know, they haven't posted the student handbook yet. But you can access last year's if you're interested:
http://iris.nyit.edu/nycom/Student_Handbook_2007-2008.pdf

It's mostly boring stuff about the attendance and grading policy.
🙂

 

[ADeclan]

Out of curiosity...how old is everybody and what have you guys been doing since college or w/e it is you are coming from before NYCOM?

Well joking aside, I finished my undergrad last yr. Spent last year taking MCAT and applying to schools and working.

If you're worried about other people's preparation for med school, don't. My brother took biochem as a undergrad. He said it helped him in med school, but only for first 3 weeks of class. In med, you not only learn about biochem pathways, but also diseases, how they manifest in human body and how to treat it. So unless someone took lots of bio classes as undergrad, pretty much everyone starts off at the same footing; more or less. If you think about it, even someone with PhD in biochem wont necessarily know about anatomy, microbiology, pathology, OMM.

 

[KateGia]

Do we get white coats? When and where? The 2nd years that were giving our tour were wearing them so if I'm not mistaken we should have them before the white coat ceremony at the end of 2nd year., right? Stupid question, but kind of interesting.

Also, my fafsa said that social security didn't verify my citizenship and that I would need to submit proof to my school to get federal aid. Anyone else get that? I thought that was weird. Do I have to send a copy of my passport to nycom?

You get a white coat right at the beginning of first year. It isn't that nice, and it's used for ICC (the patient encounters), and dpr, technically (although I can't remember the last time i wore my white coat to dpr). You get a nice one at the end of 2nd year, that you wear in the hospitals. The ones that the tour guides wear are actually owned by admissions, and you just pick one up before the tour, and return it after, because they say "ambassador" on them. I'm guessing they used to give these to ambassadors at some point, but now u just borrow.

 

[KateGia]

I just bought a macbook pro and then i just read that we have to have computers with windows on them. Can anyone tell me if this is true?

I know very little about macs, but I do know that to stream the videos, you need to have windows media player on it. There is a way to do this on the mac, and if you search on here, it has been answered more than once, but, again, I have no idea how you do it.

 

[countthestars]

I know very little about macs, but I do know that to stream the videos, you need to have windows media player on it. There is a way to do this on the mac, and if you search on here, it has been answered more than once, but, again, I have no idea how you do it.

For any streams including mms and WMP streams, you can use VLC ( http://www.videolan.org/vlc/ ) The best friggen player in the world. And it works amazing in macs.

 

[Scotty_G]

Believe me you don't need to do any preparation before class. And P.S. there is not alot of biochem taught at NYCOM. Def more biochem in an allopathic school.

 

[J1515]

there is not alot of biochem taught at NYCOM. Def more biochem in an allopathic school.

95% of the biochem during the first 2 years comes during the GI system (2nd year).

And I'm not sure why everyone is saying to not bother taking it as an undergrad. Learning the Krebs cycle, glycolosis, etc.. is much much easier the second time around, at least it was for me. It was nice having a foundation and knowing the basics.

 

[coolness411]

Hi All,

NYCOM was great, but I got into another choice which ranks higher on my list than NYCOM. I'll be withdrawing in the next day or so. GL to you all and hopefully one of you get it!

 

[Larlar411]

Thanks for the tips on the finaid stuff! Now that I've attempted to sort out a few things, as far as grad plus loans....any one have a recommendation on a lender? The lady in finaid said the best way to choose is to ask what other students have used!

I am going to use NYCOM as my lender for the stafford loan, and imagine I'll need to take a grad plus for the "extra" expenses...like living 😛

 

[MgoblueNY]

What is the nycom 2012 tuition? Can someone post a link to this info? If thats not possible can you explain where you have seen this info?

 

[countthestars]

What is the nycom 2012 tuition? Can someone post a link to this info? If thats not possible can you explain where you have seen this info?

This is taken directly from the finaid papers I got when I interviewed:

Four Year Tuition Projection Breakdown
7% yearly increase tuition and 10% Heath Insurance

SUBJECT TO CHANGE

Year 1 Class of 2012- Subtotal : 41, 599
Heath Insurance: 3,936
Grand Total: 45,535


Year 2 Class of 2012- Subtotal : 44, 138
Heath Insurance: 4,725
Grand Total: 48,863

Year 3 Class of 2012- Subtotal : 47,134
Heath Insurance: 5,198
Grand Total: 52,332

Year 4 Class of 2012- Subtotal : 50,761
Heath Insurance: 5,717
Grand Total: 56,478

The Subtotal includes Tuition, Activity fee ($250 for first year, $150 for each subsequent year), Heath Care fee ($100 each year), Life/Disability ins. ($105 for the 1st, 3rd and 4th year, $126 for the 2nd year), Lab fee ($125 for each year), New Tech Fee ($250 for first year, $150 for each subsequent year), Simulated Patient ($500 for first year, $400 for each subsequent year) and lastly Graduation fee which is $400 during your 4th year.

I hope that helps.

 

[gobiggreen]

Factor into those costs:

$500 for step 1 boards ($1000 if you take USMLE as well)

and 1500 or 3000 for step 2 boards (3000 if you take both) (i believe I read somewhere it's 500 for step 2 and 1000 extra for the CS section, i might be wrong about this)

Also may wanna factor in travel expenses for residency interviews 4th year...could be another few grand.

I can't believe how much health insurance is though. I've personally never paid it since my wife has a better policy 100% covered by her employer. I've heard NYCOM can be a pain to some people about having that waived. It's there discretion and if they determine you don't have a better policy through a family member, they can force you to take their insurance.

I can't believe how expensive med school is oging to be though...unreal.

 

[gobiggreen]

Wow, just doing some calculations though...class of 2021 at 7% increase will be paying about $100,000 a year in tuition for NYCOM...

 

[jp104]

Wow, just doing some calculations though...class of 2021 at 7% increase will be paying about $100,000 a year in tuition for NYCOM...

Yowzers!

 

[Eudjinn]

Can anyone comment on how much loans I should be taking out? I have 0 debt from undergraduate and will be living with my parents while attending NYCOM, so I do not need anything besides the cost of tuition and everything else involved in school. Should I take out maximum Stafford? Is that enough to cover all of tuition? If it isn't then next in line should be Grad PLUS right?

Sorry, I'm not very experienced with loans. Thanks!

 

[gobiggreen]

Well...2 things

1) Are your parents going to totally financially support you...gas, food, books, socialization money, etc. etc. If they are, you shouldn't need grad plus, unless...stafford doesn't fully cover health insurance.

2) Are you still going to be insured by your parents...if so, you may even be able to take out slightly less than the max, but to simplify things, you may as well just take out the max and use the rebate for books and medical supplies if your parents aren't doing that for you.

On the other hand...

Do you plan on living with your parents for all 4 years of medical school? If not...you may want to consider taking out the grad plus and putting it into a high yield account, CD or something like that. If in 2 years you decide you want to move out or want to do abroad rotations, you'll have the money in the bank and it will have earned almost as much interest as the interest you owe...you'll still be able to take out the max grad plus at that point but will be able to take out even MORE grad plus because you'll have a lot in the bank. When you graduate you can at that point decide how much you'll need for residency (having more money in the bank may mean renting nicer apartment, nicer car, etc. etc.) or you can then just pay back all the money you saved up and it shouldn't cost you much because if you get a high yield CD, say 5.9% vs. the 7.9% on approximately $100,000, you're probably talking about taking a loss of somewhere between $5000-$7000 which is small in the scheme of things. It may be a nicer option to have the money if you need it and keep it stored. Med students are actually relatively lucky in the sense that they get high loans at relatively low interest rates compared to the average person. Plus...with the inflation rate skyrocketing, it's as if the loans are almost interest free...another thing to keep in mind.

 

[newyorker2008]

Well...2 things

1) Are your parents going to totally financially support you...gas, food, books, socialization money, etc. etc. If they are, you shouldn't need grad plus, unless...stafford doesn't fully cover health insurance.

2) Are you still going to be insured by your parents...if so, you may even be able to take out slightly less than the max, but to simplify things, you may as well just take out the max and use the rebate for books and medical supplies if your parents aren't doing that for you.

On the other hand...

Do you plan on living with your parents for all 4 years of medical school? If not...you may want to consider taking out the grad plus and putting it into a high yield account, CD or something like that. If in 2 years you decide you want to move out or want to do abroad rotations, you'll have the money in the bank and it will have earned almost as much interest as the interest you owe...you'll still be able to take out the max grad plus at that point but will be able to take out even MORE grad plus because you'll have a lot in the bank. When you graduate you can at that point decide how much you'll need for residency (having more money in the bank may mean renting nicer apartment, nicer car, etc. etc.) or you can then just pay back all the money you saved up and it shouldn't cost you much because if you get a high yield CD, say 5.9% vs. the 7.9% on approximately $100,000, you're probably talking about taking a loss of somewhere between $5000-$7000 which is small in the scheme of things. It may be a nicer option to have the money if you need it and keep it stored. Med students are actually relatively lucky in the sense that they get high loans at relatively low interest rates compared to the average person. Plus...with the inflation rate skyrocketing, it's as if the loans are almost interest free...another thing to keep in mind.

Extremely helpful post. Thank you sir!

 

[ADeclan]

Well...2 things

hahahah, I like how you think. But the financial devil is in the detail.

Avg inflation is 3%, but this yr it'll probably be more like 4.0-4.5%. ( http://www.forecasts.org/inflation.htm ). Also 2 Yr CD is 4.2%. ( http://cdrates.bankaholic.com/ ). GradPLUS loans are 8.5%

But you have to remember that the money you'll borrow now is also decreasing in value at the rate of inflation. So you'll have to make 8.5% on your investment just to break even. Only junk bonds yield 7.5% or more (but with higher risk). Currently junk bonds default (company goes bankrupt) at a rate of 8%. The only way to make inflation work for you is to pay today's loans with future inflated money (from your income). So in real terms you'll pay less.

PS. I'm also having hard time figuring out how I'm gonna pay for med school.

 

[gobiggreen]

I found websites offering up to 6.25% on CD's as long as you put in at least $25,000 and keep it in for at least a year.

Of course you won't break even, but my point was that it's a nice opportunity to get some money. Yes it may cost a small bit in the long run, but if you finish medical school, then decide you need $50,000 for the down payment on a house, will you have that money in the bank? Or if you want a new car, or something else, etc. At that point, the private loans you get will have even higher interest rates than these loans AND will have to be started to pay back immediately. Remember, Grad Plus and Stafford are eligible for loan deferment for the first 3 years of residency. You'll be accruing interest on all loans (except subsidized stafford,(8500 a year)) during this time, but it's still better in my opinion to pay a little extra when you can afford to pay extra (after residency) than it is to struggle to pay off debt while you're in residency.

If you take out private, non-gradplus, non-stafford, you'll owe that money in residency, or maybe even while you're still in school.

By the way, the inflation rate seems like it may hit almost 5% now. Also, the price of a home doubles every 15 years. That goes along with a 5% inflation rate by my math. If the inflation rate is 5% and you can eventually consolidate these loans at 6.5% or something, you're really getting an ALMOST interest free loan. Of course it's not interest free, but in the scheme of things, when you're hopefully making good money (unless hillary is elected in which case we're all screwed), you should be able to afford the loan repayment.

 

[MrsMcDreamy]

Hey guys,

I have a quick question about the MPN for the Stafford loans. I am graduating with a master's in May, so when they ask what educational year I am in should I put graduate 1st year or graduate 3rd year? Sorry if this is a silly question, I just don't want to screw up!

 

[DocInProgress]

Hey guys,

I have a quick question about the MPN for the Stafford loans. I am graduating with a master's in May, so when they ask what educational year I am in should I put graduate 1st year or graduate 3rd year? Sorry if this is a silly question, I just don't want to screw up!

Graduate 1st year.

 

[theserbatron]

Hey guys,

I have a quick question about the MPN for the Stafford loans. I am graduating with a master's in May, so when they ask what educational year I am in should I put graduate 1st year or graduate 3rd year? Sorry if this is a silly question, I just don't want to screw up!

if you're not currently a student, what do you put?

 

[Vee]

if you're not currently a student, what do you put?

1st year graduate. you'll all be first year graduate students next year, regardless of what you're doing now (unless you're transferring or some other odd situation).

 

[val354]

Hi, I saw your posting about an available room and I was wondering if you are still looking for someone to fill the spot?

Large 1 bedroom with its own bathroom in a three bedroom apartment (on 2nd floor of 2 floor house). Fully furnished room (brand new furniture-full size bed, large desk, dresser, bookstand), large closet, separate bathroom, 2 windows + window in bathroom. Large living room, eat-in kitchen, another bathroom with shower, parking available. Share with two female medical students-nice girls, fun to be around, spend a lot of time studying and very respectful. Prefer female roomate. $533/mnth + share of utilities. 🙂

 

[PlasticMan]

Wow, just doing some calculations though...class of 2021 at 7% increase will be paying about $100,000 a year in tuition for NYCOM...

Perhaps things will revert back to the days when only the spawn of the elite could become physicians. 😱

 

[ADeclan]

Perhaps things will revert back to the days when only the spawn of the elite could become physicians. 😱

Hahhahah. The last time I've seen someone use the word 'spawn' was in Hellraiser.

 

[nvshelat]

Wow, just doing some calculations though...class of 2021 at 7% increase will be paying about $100,000 a year in tuition for NYCOM...

Assumptions of the model include:

1. NYCOM will be around in 2021

 

[Larlar411]

I always have questions-I had sent money to another school when I found out back in December. I have yet to tell them, what is the protocol for this? I want to do it the correct way but I wanted to see what others have done! Thanks!

 

[theserbatron]

I always have questions-I had sent money to another school when I found out back in December. I have yet to tell them, what is the protocol for this? I want to do it the correct way but I wanted to see what others have done! Thanks!

I sent in the deposit to NYCOM and confirmed that they had received the funds. Then, I called up the admissions office of the other school and spoke to the highest person I could get on the phone, explained that I had decided to attend another institution, but was thankful for their interest in me as a student. I followed that up with an official letter of withdrawl (not email, paper mail) from that school and made sure to complete any particular school-specific requirements they had for withdrawal. Then they cut me a check and I got a small portion of my deposit back...

 

[Larlar411]

Thank you so much for that! I was thinking I'd send a letter to the admissions office addessed to the dean of students perhaps? I think the check was non-refundable, but I think thats what I'll do!

 

[Tanner82]

So another one of our classmates (MrsMcdreamy on SDN) and I just went down to look at a house for rent on LI. The house has 4 bedrooms and is in Albertson (5.2 miles away from NYCOM). It's in a great neighborhood, big backyard, washer/dryer, hardwood floors, rent is $2300. If anyone is interested in being rooming with us, PM either me or MrsMcdreamy for details.

 

[raisa024]

Hello!
I know you guys have written about loans and such
but can some1 give like a guide to someone who is completely clueless on what to do about finaid and which loans are which, and where is this money coming from going to,,AHHHH so confused

1. I'm starting with 0 from undergrad
2. what is the best loan to get?
3. how much did u guys take out?
4. and how fast did u guys pay it off? or plan to pay it off?

THANKS THANKS THANKS!

 

[theserbatron]

Hello!
I know you guys have written about loans and such
but can some1 give like a guide to someone who is completely clueless on what to do about finaid and which loans are which, and where is this money coming from going to,,AHHHH so confused

1. I'm starting with 0 from undergrad
2. what is the best loan to get?
3. how much did u guys take out?
4. and how fast did u guys pay it off? or plan to pay it off?

THANKS THANKS THANKS!

1. awesome.

2. there are two main types of loans through the federal government: Stafford (locked 6.8% interest rate, the max you can take out is 189,000) and Grad PLUS (locked 8.5% interest rate, max you can take out is about 30k, some Grad PLUS lenders offer you incentives, rebates, or interest rate deductions depending on how good you are at paying back). in both of these cases, you don't pay as long as you are a full time student, and in some cases, payments can be deferred or adjusted. You can pick any Stafford or Grad PLUS loan lender you wish, though many will recommend you get both from the same source in order to make consolidation, paperwork in the future easy. You can also use NYCOM as your Stafford lender (who works in conjunction with Sallie Mae).


3. this is a case by case basis, but NYCOM can offer you an average amount you'll need for tuition, books, cost of living, etc. call their fin aid department and they'll probably email you the info

4. i plan to pay it off as soon as i can... ask some alumni, c/0 2012 thread might not be the best place to ask this type of question

 

[Eudjinn]

anyone's stafford application complete yet (as in you know the amount they are giving you?) yet? Mine says the requested amount is 999,999. I assume that just means maximum? I went thru NYCOM btw.

Can I expect to get the full 8500 sub and ~37k unsub from stafford? it says anywhere from 30-37ish unsubsidized but that 7 thousand difference could mean the difference between me taking out a grad plus or not since i only need stafford to cover tuition.

 

[theserbatron]

anyone's stafford application complete yet (as in you know the amount they are giving you?) yet? Mine says the requested amount is 999,999. I assume that just means maximum? I went thru NYCOM btw.

Can I expect to get the full 8500 sub and ~37k unsub from stafford? it says anywhere from 30-37ish unsubsidized but that 7 thousand difference could mean the difference between me taking out a grad plus or not since i only need stafford to cover tuition.

i went through NYCOM for Stafford. how'd you check the status?

 

[newyorker2008]

Stafford (locked 6.8% interest rate, the max you can take out is 189,000) and Grad PLUS (locked 8.5% interest rate, max you can take out is about 30k,

Correct me if I'm wrong, but i believe the 30k in grad plus is per year.

 

[theserbatron]

Correct me if I'm wrong, but i believe the 30k in grad plus is per year.

i meant per year, i should have specified.

 

[Eudjinn]

check the status by going through the same process as applying (NYCOM financial aid page... "NYCOM" link... sign in with your user name and pw that you created when applying then check loan status), then click view details.