what are your costs

[medical1812]

---

Members do not see this ad.

Around how much are you spending total on medical school every year
This includes your tuition + living expenses each year.

Also, around how much is the average medical student in debt right before residency starts from the accumulated costs of all 4 years of medical school?

thank you ahead of time for your responses

 

[Blesbok]

Figure about $20k for school if you are going to a state school or $40k for private.

$500-1000/month living expenses depending on where you live.

$200-300 for food if you don't eat out at all

+ car and insurance

+ health insurance

+ blah blah blah

= lots of frickin money



You will probably be in debt for $120-250k depending on how much or little you spend on random crap, how expensive the area you live in is, and how much your med school costs.

 

[Forthegood]

Our COA is 54k for 1st year, then slightly lower thereafter.

34K is attendance, 20K is COL, with 10k of that being room and 2.5k being board. For me, it is like weight watchers.

Edit: BTW I am instate. Total OOS is 74k, 54+20.

 

[Slow]

lalala

 

[lilnoelle]

Im gonna owe $300K not including interest when Im done.

 

[251478]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

 

[WellWornLad]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

No offense, but if anyone is looking for information on the military route, they should talk to a resident in the program, not a pre-med. There's a whole forum for this, and if you read a few posts you'll realize that it's not quite as sunny as Uncle Sam handing you a big fat check.

As for me, with undergrad loans figured in, about 7 years of interest accumulating during postgrad training, and assuming 10 years to pay off, I'm looking at around $500K. That takes into account a $10K/year scholarship, btw.

 

[DrReo]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

The military has no financial advantage compared to private practice.

 

[chiz2kul]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

Recruiter?

 

[theman1990]

Hmm.... Cost me an arm and a leg!! Fortunately I managed to work a deal and get mine half off, just the arm now!!

(I lost my right arm in combat in between my acceptance and the start of school.... Now the VA covers MOST of my costs, but it took threatening to take it before congress to make even THAT happen...)

 

[Captain Fantastic]

1st year budget from the medical school:
* Tuition and fees — $24,888
* Books and supplies — $2,380
* Room and board — $9,550
* Personal expenses and transportation — $6,400
* Hepatitis B Vaccination — $130
* Total estimated expenses, MO resident — $43,348

* Out-of-State Tuition — $23,512
* Total estimated expenses, non-resident — $66,860

The average debt, including undergraduate debt, of our 2008 graduates was $134,404. The median debt was $154,511.

 

[Blesbok]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

Except that you will lose at least $60k/year even for family medicine and $300-400k/yr for some specialties for at least 5 years of your life...after residency.

Money is not a reason to join the army.

 

[Climberak]

Won't be paying a dime for school. Army scholarships are the way to go. Full tuition, books and fees (including health insurance!), plus $20,000 signing bonus and $2000 a month to cover living expenses. If your worried about cost and want to serve your country for four years after med school its definently the way to go!! If your interested in details just send me a message. 👍

I hope you've realized that with the HPSP you don't just owe 4 years to the United States military. You're on reserve for another 4 years after that. AND this all happens after residency.

http://forums.studentdoctor.net/showthread.php?t=118576

 

[Slow]

lalala

 

[251478]

Just to clarify for everybody, I am well aware that docs in the Army make less than those in private practice. If I wanted to make big bucks I would have gotten loans and gone into derm (nothing against derm, it's just the example everybody on SDN seams to use for docs that make a lot of money), but I want to spend my time helping those that serve to protect us. The question was about costs in med school which I commented on. The army has a very good package for covering those costs. There are many other reasons to serve ones country (ie. a sense of duty or love of ones country) than money, which I fully understand as I have already served for a few years and have a current four year commitment for getting my undergrad paid for (ROTC). I was merely sharing an option that I find to be a good one. No need to attach someone for serving their country. To the OP, good luck covering your costs and I hope you find what you need. 😀

 

[justdoit31]

Total cost of attendance is 39,000.... but I have 3,000 in scholarships/grants so I am borrowing 36,000 next year and anticipate about the same each of the next 3 years as well. That is instate tuition even though I am OOS- Texas has the tuition loophole!

My total debt will be around 160,000 when I am done including undergrad... and this is assuming my parents don't start kicking in more later.

 

[EveeSTi]

Lets see,

Cost of tuition: $14635
Bought a condo, mortgage+dues+utilities+taxes: $1167/mo, so $14004
Girlfriend living with me, she covers food: $0
Misc. costs: $200/mo, so $2400

Grand total: $31039

 

[newdoc2013]

im looking at about a quarter-mil