- Joined
- Nov 22, 2016
- Messages
- 15
- Reaction score
- 7
So, I gave an introduction in the non-trad section, I won't go too much into that here. I'm here to try to find information specifically on what loans can and can't do. Here's where I'm at:
I'm a veteran and have 100% Post-9/11 GI Bill entitlement. I'll be within 3 years of my ETS date (to allow me to be an in-state student financially at any state school in the nation) and know how to pick schools with good Yellow Ribbon Programs.
My wife and I have 3 kids, and she works as a nursery supervisor. It's nice to have the money, but childcare or being a pharmacy tech won't cover the cost without loans in med school.
The doctor I'm shadowing has encouraged me to not save up money over a few years prior to attending but rather to apply as soon as I've taken the MCAT after getting ready and that loans and money will find a way. I believe him in that aspect, because I'm no stranger to the military. For those who don't know, if you want an easy way to get a large lump sum, the military will pay you an accessions bonus of over $200k depending on your specialty after becoming board certified if you sign a four-year contract. Regardless of how you feel about military medicine, I'd call that decent loan repayment, especially if you're not sure how much you'll be able to pay back after residency.
That all being said, anyone know much about how getting loans works, how much you can get, and whether money will "find a way?" I know that, generally, they include tuition and cost of living as a simple loan cap (CoL based on a single person). So...yep, that's where I'm at. Taking any and all advice on the matter.
I'm a veteran and have 100% Post-9/11 GI Bill entitlement. I'll be within 3 years of my ETS date (to allow me to be an in-state student financially at any state school in the nation) and know how to pick schools with good Yellow Ribbon Programs.
My wife and I have 3 kids, and she works as a nursery supervisor. It's nice to have the money, but childcare or being a pharmacy tech won't cover the cost without loans in med school.
The doctor I'm shadowing has encouraged me to not save up money over a few years prior to attending but rather to apply as soon as I've taken the MCAT after getting ready and that loans and money will find a way. I believe him in that aspect, because I'm no stranger to the military. For those who don't know, if you want an easy way to get a large lump sum, the military will pay you an accessions bonus of over $200k depending on your specialty after becoming board certified if you sign a four-year contract. Regardless of how you feel about military medicine, I'd call that decent loan repayment, especially if you're not sure how much you'll be able to pay back after residency.
That all being said, anyone know much about how getting loans works, how much you can get, and whether money will "find a way?" I know that, generally, they include tuition and cost of living as a simple loan cap (CoL based on a single person). So...yep, that's where I'm at. Taking any and all advice on the matter.