Undergrad + Med School Loans?

[MHTech]

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I am just wondering whether anyone has or currently is going through undergrad and med school almost exclusivley on loans. How common is it for a person to accumlate loans through 8 years of school and begin paying them off once they're residency starts? How much in debt would one be after 8+ years of school?

I currently make 24,000 a year before taxes and that is barely enough to pay for many classes. I will have $4,750 for college through the AmeriCorps program after a year of volunteering. I could contribute a bit but not much. That's where loans come into play. Making what I make, cut it in half for part time work, around $12,000 annually BT, what type of loans would I qualify for and how much? Enough to get through Undergrad? With good undergrad grads, I would obviously be more eligble for loans in Med School.

Just trying to map out plans on how I plan to become a MD, one day.
Thanks! 👍

 

[OSUdoc08]

Loans (for me):

Undergrad: approx $10,000 a year (unsub stafford, college access loan)
Med school: approx $45,000 a year (unsub & sub stafford, perkins)

 

[Blade28]

Even though I worked 40 hours/week throughout all 4 years of college, I still ended up with a debt of around $30,000. I now borrow about $35,000 a year in med school, so by next year, I'll be around $170,000 in debt (not including interest). 🙁

 

[ItsNotATumor]

I'm doing it, carrying about $25K in sub and unsub staffords from undergrd and another $38.5K/year in med school. As to how I'm going to pay it back... easy, sell out, work hard on the boards and get into a high paying specialty (i.e. more than 150K/year).