Should I accept an Early Assurance offer from an expensive MD school or reapply?

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CuriouslyDesperate

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I applied for medical school this past cycle with relatively unimpressive stats (3.49 cGPA, 3.47 sGPA, 511 MCAT) and got three interviews, which turned into spots on two waitlists. One of the schools sent out a series of emails to those of us on the waitlist advertising an Early Assurance program, and, seeking to maximize my chances of getting in somewhere, I decided to apply for it. In the meantime, I worked to improve my stats in order to reapply. My GPA has increased marginally (3.53 cGPA, 3.52 sGPA) thanks to a handful of post-bacc classes, and, should I continue taking classes, I should be on the verge of a 3.6 by December.

Last week I received an offer of acceptance for the Early Assurance program at the aforementioned medical school. If I were to take it, I would travel to the state that school is in and begin a one-year master's program, at the end of which I would matriculate into the school's MD program, assuming I was on track to complete the program on time. Given that this does all-but-guarantee me a spot in medical school for next year, I'm strongly considering taking it, but I'm worried due to the fact that the tuition for out-of-state students in that school's MD program is very high (>$90K), and pursuing this program would further add to my overall cost of attending it. I originally hoped that I would be able to switch to in-state residency status at least by the end of my first year of medical school at that institution, but am now aware that my odds of being approved for that might not be great. I know that student loans exist, and that just about everyone has to get them at some point, but the size of the expense in this particular case has me extremely reluctant.

Alternatively, I could decline the offer and try my luck reapplying in the hopes that I'd get into either a more affordable medical school, or even the same one, but without the added expense of the early assurance program. While I know that, upward trend aside, my stats aren't all that great, the fact that I managed to get three interviews, including one at a T30 (primary care rankings) school, despite experiencing a months-long delay on some of my LORs, makes me think that I might have some chance of getting in.

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If you have made changes to your app, it would be better to reapply instead of taking an expensive gamble. Your December grades may come too late though to make a difference in an update as most schools will go off of AMCAS.

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