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Can you take loans out to cover plane tickets?
Paying for it all...
- Thread starter PookieGirl
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Yes, it's called credit card. And yes, it sucks... sorry. 😳randallB said:
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Yeah, you get them from loan sharks!
-X
PS Good thing you'll be a doc, so you can pay them back before they break your legs!
-X
PS Good thing you'll be a doc, so you can pay them back before they break your legs!
PookieGirl said:
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xanthines said:
And if you're late with your payment, you can put casts on yourself and prescribe some sweet pain medications!
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Yes but don't go further into debt than you can retrieve yourself from naturally in a period of a few months. Med schools make no allowances for consumer debt, you recieve no extra financial aid, and your decisions could realistically keep you from attending medical school even if you have been accepted.PookieGirl said:
Be careful, this is a spendy process all the way through. So don't forget that if your moving there will be moving costs and you usually have to have enough of a cash reserve to cover your living expenses until the financial aid package is recieved (about a month usually). Credit card debt is about the worst choice you can make, try something else, anything else.
I didn't take out a loan for the med school application but when I was married I got a loan for my wife's ring. I went to the credit union (not those loan shark places that give paycheck loans etc.) where I bank and got a loan secured with my truck title. The interest rate was low and it was not a huge burden to pay off. Something similar should be available for you along the lines of school expenses for students.
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I got an "Education Maximizer" loan from the Bank of America. Its a student loan that you pay back after graduation but its private and doesn't require school approval. Its the only way I could pay for the admissions process.
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Wow, this thread is scary, but true. I'm spending down half a year's worth of my earnings in this process, and my sympathies go out to those who don't have the savings or the parental contributions to cover the bill. It's tough. It's sad that the process costs so much money. In a sense, the expense of the process weeds out poorer applicants. 🙁
Well, I suppose the FAP thing helps the indigent, but they've still got to cover interview costs... And many people who are short on money are not so poor that they qualify for FAP. And let's not even think of tuition costs just yet...
I think the all-around expense of pursuing medicine is worrisome. If your parents can't foot the bill, it's damned tough. It might one day lead to a scenario where the medical school population is skewed towards the well-off (if it isn't greatly so already!).
Well, I suppose the FAP thing helps the indigent, but they've still got to cover interview costs... And many people who are short on money are not so poor that they qualify for FAP. And let's not even think of tuition costs just yet...
I think the all-around expense of pursuing medicine is worrisome. If your parents can't foot the bill, it's damned tough. It might one day lead to a scenario where the medical school population is skewed towards the well-off (if it isn't greatly so already!).
