School loans. Will it cover living cost?

[AestheticGod]

Maybe i'm posting in the wrong section..

I don't want to burden my parents with the cost of my living expensive 🙁. Does the loans cover dorm cost and/or living costs(food and gas mostly)?

I won't be able to work while in medical school for obvious reasons, so a loan that will help me out in the mean time will be tremendous amount of help. My parents are middle class, so there isn't money laying around for this kind of stuff. I would REALLY prefer not having to get a job

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[Megatron2016]

Maybe i'm posting in the wrong section..

I don't want to burden my parents with the cost of my living expensive 🙁. Does the loans cover dorm cost and/or living costs(food and gas mostly)?

I won't be able to work while in medical school for obvious reasons, so a loan that will help me out in the mean time will be tremendous amount of help. My parents are middle class, so there isn't money laying around for this kind of stuff. I would REALLY prefer not having to get a job

Schools usually allow you to take out loans for their full cost of attendance, which includes living expenses. In my experience, this is very very reasonable at most schools. To the point where you would be living very very well if you decided to take out loans equal to the full cost of attendance.

Don't worry, you will be able to pay for med school without burdening your parents (though you'll have more debt, obviously).

 

[Pretzel12]

Why not cram some work into your schedule now and save as well?
Everyone prefers not having to have a job, otherwise they wouldn't have to pay you to show up.

 

[RedSox10]

Why not cram some work into your schedule now and save as well?
Everyone prefers not having to have a job, otherwise they wouldn't have to pay you to show up.

Haha, well said. 😀

The fact is that you really CANT work in med school--you just wont have time and your grades will suffer which isnt worth any amount of money. People either take out loans, get scholarships, or have mommy and daddy pay. I'd say the first and the last happen the most often as scholarships are scarce. Lots of people will be in the same boat as you (including me), where you'll just have to take out loans and hope you can pay it back in the future.

 

[AestheticGod]

Awesome! Thanks for the reply guys. I'm glad that the school will help me out. I know for a fact that after I graduate med school I'll be able to handle the dept. I would just prefer to let my parents live in peace and have them retire soon(they're pretty old), they've done enough for me. Well it's good to know that I can move to another state incase I don't get accepted instate :/

It's too bad I can't keep working a part time job, since it's in a pharmacy. I have a boss who is fantastic and is always up to teaching me pharmacology every two weeks 😀 (He teaches at Moffitt cancer center here).

 

[Pretzel12]

Haha, well said. 😀

The fact is that you really CANT work in med school--you just wont have time and your grades will suffer which isnt worth any amount of money. People either take out loans, get scholarships, or have mommy and daddy pay. I'd say the first and the last happen the most often as scholarships are scarce. Lots of people will be in the same boat as you (including me), where you'll just have to take out loans and hope you can pay it back in the future.

I meant before entering med school.
I was under the impression they weren't doing paid work now.

 

[Praefectus]

Loans will cover it, but remember this: a borrowed dollar today is worth a dollar plus interest later. Just don't waste loan dollars on frivolous things, like a new TV.

 

[RedSox10]

I meant before entering med school.
I was under the impression they weren't doing paid work now.

Gotcha. Finding a job now could be helpful, but truth be told it probably wouldn't make much of a dent towards paying off loans. I'm working now, but with cost of rent, food, car insurance, etc, I'm not really able to save anything anyway. It might help me put down some money for an apartment, however, since I'll end up having to rent an apartment for med school before my loans come in (at least this was this case with my graduate school).

 

[Caprica6]

Gotcha. Finding a job now could be helpful, but truth be told it probably wouldn't make much of a dent towards paying off loans. I'm working now, but with cost of rent, food, car insurance, etc, I'm not really able to save anything anyway. It might help me put down some money for an apartment, however, since I'll end up having to rent an apartment for med school before my loans come in (at least this was this case with my graduate school).

Plus, everyone should think about the costs associated with just applying: MCAT prep, MCAT, application fees, interview travel expenses, interview clothing, etc., along with the cost of relocating for medical school itself.

 

[kautionwirez]

I know someone who works at a supermarket and is on his rotations.

 

[AestheticGod]

Plus, everyone should think about the costs associated with just applying: MCAT prep, MCAT, application fees, interview travel expenses, interview clothing, etc., along with the cost of relocating for medical school itself.

I was thinking of joining Kaplans mcat prep, but that course for in-classroom is fuking $2,000. Strong wtf man.
I saw they had a online course too, not sure if it's all automated. Was wondering if i could just bittorrent it like a thief 😀

 

[pkwraith]

I really hope you're not planning on staying in a dorm for med school.

 

[Praefectus]

I really hope you're not planning on staying in a dorm for med school.

 

[AestheticGod]

I really hope you're not planning on staying in a dorm for med school.

Why not? Too much distraction from others?

 

[Praefectus]

Why not? Too much distraction from others?

At this stage in your life, it's assumed that you'll want independent living. Most schools have an office that assists with finding local apartments/condos/houses.

 

[Knocked Up]

I was thinking of joining Kaplans mcat prep, but that course for in-classroom is fuking $2,000. Strong wtf man.
I saw they had a online course too, not sure if it's all automated. Was wondering if i could just bittorrent it like a thief 😀

If you choose to invest in anything for the next couple year of your life I strongly suggest you invest in some type of MCAT prep (maybe not Kaplan as they suck). The MCAT is incredibly important for medical school admissions. Heck I'll take it one step further.

The MCAT could be a job. Think about it, it could be a 200k paying job (plus interest). High MCATs get scholarship money from places like Uchicago, Umich, and numerous other schools. In terms of what you have to offer a school, the MCAT is where the money (could) be at 🙂.

 

[gettheleadout]

I really hope you're not planning on staying in a dorm for med school.

I mean at some schools that's normal for M1's...

 

[pkwraith]

Why not? Too much distraction from others?

Because it's an incredibly terrible idea. It's the equivalent of that old guy that shows up to freshman keggers that no one knows.

Just the social stigma alone. No one lives in dorms after their graduate, if they're even allowed. Most people move out after freshman/sophmore year, unless their school forces them to stay. Your med school colleagues aren't going to want to come over. The freshmen aren't going to associate with you.

Dorms aren't built in locations with the med school or hospitals in mind. It's much more expensive than an equivalently sized apartment. You can get saddled with an overpriced meal plan. You have a kid bossing you around. Most kitchen aren't prepared for independent ready. You have 50 neighbors, most of them that don't go to bed until 2-4 AM, and whom you're sharing bathrooms and common space with.

Dorms are for kids. They're fun and great experience for most people. But they're not for grown ups. If you missed out on it the first time, you can't go back.

 

[flatearth22]

What's up with people not trying to burden their parents with tuition/living fees? Do you not understand how compound interest works? Squeeze every cent you can out of your boomer parents!

 

[AestheticGod]

What's up with people not trying to burden their parents with tuition/living fees? Do you not understand how compound interest works? Squeeze every cent you can out of your boomer parents!

Ok maybe "burden" isn't the correct word for it. My parent's don't HAVE the money. If they wanted to support my medical school, they'll prolly have to sell the house...

 

[SBR249]

No need to sell the house...just get a HELOC, it probably won't be much less than what you'd get out of your house if you sell it plus you'd still have a house, just more debt...

 

[TheMightySmiter]

Most schools give you a pretty comfortable living allowance in their cost of attendance. You can borrow enough federal money to cover whatever total cost the individual med school determines.

 

[AestheticGod]

If you choose to invest in anything for the next couple year of your life I strongly suggest you invest in some type of MCAT prep (maybe not Kaplan as they suck). The MCAT is incredibly important for medical school admissions. Heck I'll take it one step further.

The MCAT could be a job. Think about it, it could be a 200k paying job (plus interest). High MCATs get scholarship money from places like Uchicago, Umich, and numerous other schools. In terms of what you have to offer a school, the MCAT is where the money (could) be at 🙂.

What course would you recommend? I've been trying to save up for the kaplan currently, since i read so much good reviews of how 22's got a whopping 10point higher in their 2nd mcat. I'm more of a hands on type of learner, i can't sit in front of a computer and expect to read and read(lol adhd??)

 

[EBTrailRunner]

What course would you recommend? I've been trying to save up for the kaplan currently, since i read so much good reviews of how 22's got a whopping 10point higher in their 2nd mcat. I'm more of a hands on type of learner, i can't sit in front of a computer and expect to read and read(lol adhd??)

I wouldn't buy into all that "I improved my MCAT score by 10 points!" hype. All these test prep companies have you take your first practice exam within a few weeks of your course start date and use that as your base score to measure improvement. Not surprising you'd see many students score considerably higher after months of prep work. That being said, I have friends who've taken Kaplan, TBR, and TPR, and they've had varying opinions on which one is "best." These test prep companies aren't cheap, but if you can afford it, I'd do my own research into which one fits your budget, class schedule, learning style, location, etc. Good luck.

 

[willen101383]

Because it's an incredibly terrible idea. It's the equivalent of that old guy that shows up to freshman keggers that no one knows.

Just the social stigma alone. No one lives in dorms after their graduate, if they're even allowed. Most people move out after freshman/sophmore year, unless their school forces them to stay. Your med school colleagues aren't going to want to come over. The freshmen aren't going to associate with you.

Dorms aren't built in locations with the med school or hospitals in mind. It's much more expensive than an equivalently sized apartment. You can get saddled with an overpriced meal plan. You have a kid bossing you around. Most kitchen aren't prepared for independent ready. You have 50 neighbors, most of them that don't go to bed until 2-4 AM, and whom you're sharing bathrooms and common space with.

Dorms are for kids. They're fun and great experience for most people. But they're not for grown ups. If you missed out on it the first time, you can't go back.

👍

Jesus christ I cant imagine anyone doing that. Most of the apt complexes kids at my school live in are dorm'y enough that I wouldnt even consider living there....let alone an actual dorm. Get an apt...or better yet buy a damn house! 😀