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NYCOM Financial Aid

Discussion in 'Medical Students - DO' started by DOnut, Mar 21, 2002.

  1. DOnut

    DOnut Senior Member 10+ Year Member

    493
    1
    Dec 17, 2001
    New Orleans, LA
    I was wondering if any NYCOM students can tell me exactly how loan refunds are distributed throughout the year to pay for rent, utilites, etc.... I received the sample budget NYCOM sent me, and it only allows $7000/year for rent. That's $583/month. Now, you all know as well as I do that you can't find a roach box for that price in Nassau county. Can someone please help? Please tell me that it's not as bad as I think.
     
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  3. DOnut

    DOnut Senior Member 10+ Year Member

    493
    1
    Dec 17, 2001
    New Orleans, LA
    Just keeping this up top. Hope someone replies.
     
  4. nycom@juno.com

    [email protected] Member 7+ Year Member

    55
    0
    Apr 9, 2001
    New York
    Hello, DOnut:

    As a medical student, you're entitled to borrow $8,500 subsidized Stafford + $30,000 unsubsidized Stafford loans for a total of $38,500 per year. In addition, you may be eligible for private loans, if you wish, which will increase your total loan amount and you'd have more money available to spend. You do not need to arrange your loan amounts to conform to the sample budget that you've been given.

    The Financial Aid office will calculate your total loans amount for which you've been approved (e.g., $40,000) and subtract the cost of tuition and fees from that figure (e.g., $40,000 - $27,000 = $13,000). The $13,000 that you'd have left over will be divided into several monthly payments beginning in August of your 1st year. The checks normally arrive around the end of the 1st week of each month until all payments have been disbursed to you.

    Good luck.
     
  5. DOnut

    DOnut Senior Member 10+ Year Member

    493
    1
    Dec 17, 2001
    New Orleans, LA
    Thanks for the help. I have one more question. How do you pay for your apartment over the summer? Does everyone get jobs, or do you just have to budget and really stick to it. It still seems kind of tight the way I'm crunching the numbers.
     
  6. BonezMcCoyMD

    BonezMcCoyMD 2+ Year Member

    11
    0
    Oct 24, 2007
    Do we actually get summers off @ NYCOM? I'm very shady on the vacations we get if anyone knows please let me know
     
  7. KateGia

    KateGia OMS-III 5+ Year Member

    352
    1
    Jan 8, 2006
    First.... this thread is 6 years old. But to answer your question, you get the summer after first year off. After that you don't get summers. We take boards in june, and start 3rd year july 1.
     

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