- Joined
- Oct 25, 2014
- Messages
- 9
- Reaction score
- 1
Hello All,
So here is my predicament. Currently, I will be entering my senior year this upcoming fall at a tiny liberal arts college and applying during spring 2017. The college I go to is three blocks from my actual home, but I have chosen to live on-campus in my fraternity the entire time because it has been an absolute blast. After looking at the numbers, I realized that if I decided to live at home senior year, I would be able to save about $8,000.
If I choose to live on campus, I'll need to use a federal loan to cover the difference. I currently owe $20,000, which would rise to about $28,000 upon graduation, or would remain at $20,000 if I lived at home. The kicker is that based on my work and amount that is currently saved up, I could potentially graduate owing nothing whatsoever, or owing $20,000 instead. What I am wondering is whether, in the grand scheme of things, it matters that I would be debt-free going into medical school. Considering the high cost of med school, would living at home make a relevant difference? I'm looking for any and all opinions. Thanks much.
So here is my predicament. Currently, I will be entering my senior year this upcoming fall at a tiny liberal arts college and applying during spring 2017. The college I go to is three blocks from my actual home, but I have chosen to live on-campus in my fraternity the entire time because it has been an absolute blast. After looking at the numbers, I realized that if I decided to live at home senior year, I would be able to save about $8,000.
If I choose to live on campus, I'll need to use a federal loan to cover the difference. I currently owe $20,000, which would rise to about $28,000 upon graduation, or would remain at $20,000 if I lived at home. The kicker is that based on my work and amount that is currently saved up, I could potentially graduate owing nothing whatsoever, or owing $20,000 instead. What I am wondering is whether, in the grand scheme of things, it matters that I would be debt-free going into medical school. Considering the high cost of med school, would living at home make a relevant difference? I'm looking for any and all opinions. Thanks much.