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[notsittinpretty]

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So in anticipation of the new year, I recently made a budget for 2008. In doing this I decided i'm not going to have nearly enough money for all my anticipated expenses: tuition, rent, interviewing + hotel rooms, an upcoming wedding and all of its expenses, gifts for friend's weddings, health insurance, books, gas for driving to rotations, living in a city etc. I've taken out the maximum loans my school will allow...about 58 g's. Does anyone know of a good method/place to apply for other loans? I guess they would have to private? Any ideas for a struggling medical student who has exceeded his paltry yearly allotment? Anyone else having similar problems of trying to do grown up things (like getting married, putting a down payment on a house, buying a car) on student loans?

Thanks and happy new year!

 

[lil pook]

yeah, hold off on "grown up things "?

or get a sugar daddy? lol

 

[Law2Doc]

or get a sugar daddy? lol

I'm not sure his future wife would understand this. It's probably a more viable option for women anyhow.

 

[smq123]

So in anticipation of the new year, I recently made a budget for 2008. In doing this I decided i'm not going to have nearly enough money for all my anticipated expenses: tuition, rent, interviewing + hotel rooms, an upcoming wedding and all of its expenses, gifts for friend's weddings, health insurance, books, gas for driving to rotations, living in a city etc. I've taken out the maximum loans my school will allow...about 58 g's. Does anyone know of a good method/place to apply for other loans? I guess they would have to private? Any ideas for a struggling medical student who has exceeded his paltry yearly allotment? Anyone else having similar problems of trying to do grown up things (like getting married, putting a down payment on a house, buying a car) on student loans?

Maybe you could find a part time lab job or a part time job doing medical transcriptions during your lighter rotations.

Wait...you're getting married?! Sorry if this is too personal, but weren't you the one who was thinking about asking out his chief resident? Either things moved really fast, or there's more to the story....

 

[notsittinpretty]

No...my original post was misleading i guess. I'm travelling to california for a wedding, which was the "upcoming wedding" and the plane tickets/hotel fare are a bit on the expensive side.

Never did pursue that chief resident thing though. Sigh...

 

[Law2Doc]

Anyone else having similar problems of trying to do grown up things (like getting married,

Um, if you aren't getting married then this sentence really doesn't make sense, though. I suggest doing things more cheaply. Go to all the free food lectures and fill your pockets. Earn money selling yourself for medical testing. Beg off all weddings out of state. Do not buy a house or a car if you are living on loans. Many people get by fine on educational borrowing, but they have to avoid certain expenses. If that doesn't work, then go with lil pook's sugar daddy option.

 

[boilerbeast]

See if any clinical researchers nearby are recruiting "healthy volunteers" for studies. I made $600 for getting an IV alcohol infusion and EEG and like $200 for a bone density shin-dig and another $500 for some calcium absorption nutrition-type deal. If you're okay getting poked/scanned/interviewed...there's money to be had. 🙂

 

[notsittinpretty]

Studies are definitely a good idea... I suppose i don't mind being relegated to a lab rat. I heard there might be additional loans you can get as a fourth year to cover the cost of airfare, hotels, interviews etc.? Is this true, or does this vary from school to school?

Also, not that it matters and I don't know why i'm responding to this, but i said
"like getting married" as an example of grown up things that people do. I qualified it with other grown-up things like" buying a car" or "putting a down payment on a house." I was curious how people deal with other large expenses that they may commonly encounter as they enter their late twenties/early thirties, similar to myself. Now that this has become personal, i promise, cross my heart, pinky swear that i'm not getting married

 

[Law2Doc]

Now that this has become personal, i promise, cross my heart, pinky swear that i'm not getting married

Too late -- the word is out and will spread like wildfire. No backpeddling or cold feet now.

 

[surprisedgirl]

See if any clinical researchers nearby are recruiting "healthy volunteers" for studies. I made $600 for getting an IV alcohol infusion and EEG and like $200 for a bone density shin-dig and another $500 for some calcium absorption nutrition-type deal. If you're okay getting poked/scanned/interviewed...there's money to be had. 🙂

never thought of that .....sounds like a good idea!

 

[dizzle69]

I wonder if students take a year between 3 and 4 to do a 1 year research fellowship, or is this typically done between years 2 and 3 ... or year 4 and internship/residency?

 

[BlackSails]

See if any clinical researchers nearby are recruiting "healthy volunteers" for studies. I made $600 for getting an IV alcohol infusion and EEG and like $200 for a bone density shin-dig and another $500 for some calcium absorption nutrition-type deal. If you're okay getting poked/scanned/interviewed...there's money to be had. 🙂

They paid you $600 to give you alcohol? They could have come to my dorm, and gotten 600 volunteers who would pay to do the study.

 

[rock_climber]

Wells fargo has an "education connection" student loan for grad students that doesn't go thru the school and has within 1% interest of the rest of their loans. i think the max is 25K/year and it took about 2 weeks from applying for it to cashing the check

 

[DHMO]

Wells fargo has an "education connection" student loan for grad students that doesn't go thru the school and has within 1% interest of the rest of their loans. i think the max is 25K/year and it took about 2 weeks from applying for it to cashing the check

Be careful with these private loans and make sure to read all of the fine print. Sometimes they will offer competitive interest rates and "no initiation fees," but then tack on an 8% "back-end fee" so that when you begin repayment, you are slammed with a huge fee.

 

[yadayadadude]

I think the answer to the question, "How do pple buy a house, get married, etc. on student loans?" is ... they mostly don't. I would guess that folks who get married in medical school have someone else footing the bill (working spouse, parents, spouse's parents). I don't know anyone putting a down payment on a house using student loan money. I don't even see how that's possible. I know one couple who bought a place as medical students, and her parents paid for the whole thing.

 

[Richie Truxillo]

I'm getting married in March and am graduating in 2008. I have a boatload of debt between school expenses, getting married and honeymoon stuff. I ended up getting a Nextstudent loan to cover the additional expenses. Though I will warn you, the interest rate on the loan sucks so if you do go with a private loan above and beyond your school loans, try to repay it ASAP.

Also find ways to reduce some of the expenses incurred. For example, one of my friends let me sleep in his apartment for a month during my urology rotation. This saved me 600 bucks. Buy all of your books used and sell back the ones you don't need anymore. You could be a lab rat but you can also do what I did and do a work-study over the summer for your school. I built computers and do programming jobs on the side in the small amount of time I had.

All in all, it is doable. It just takes alot of work and discipline on your end to make it work. Though...I will admit...getting married is EXPENSIVE!!! Don't let anyone tell you otherwise mmmkay? 😛

Peace out my fellow broke brethren.
Richie

 

[notsittinpretty]

Thanks for all the info guys/gals - it's been very helpful.

Good luck to everyone as we find ourselves near the end of break. Happy new year.

 

[MastahRiz]

Tutor high school and college students for 45 bucks an hour.

Sure helped me pay for a lot of stuff.