1. The SDN iPhone App is back and free through November! Get it today and please post a review on the App Store!
    Dismiss Notice
  2. Dismiss Notice
Dismiss Notice

Interview Feedback: Visit Interview Feedback to view and submit interview information.

Interviewing Masterclass: Free masterclass on interviewing from SDN and Medical College of Georgia

What does it mean to pay for one's own education?

Discussion in 'Pre-Medical - MD' started by DangerRoss, Jul 31, 2011.

  1. DangerRoss

    Joined:
    Jun 17, 2011
    Messages:
    82
    Likes Received:
    0
    So if I took loan to cover 70% of the educational cost, paid 20% of total costs with grants and scholarships and the rest with the money I saved up from summer jobs with almost zero financial help from my parents, does that mean I paid for my education? I wasn't exactly sure what that phrase meant, since the expression seemed to describe someone who paid almost 100% of his/her educational cost by working full time while studying.
     
  2. Note: SDN Members do not see this ad.

  3. ShockDoctrine

    2+ Year Member

    Joined:
    Jul 29, 2011
    Messages:
    102
    Likes Received:
    0
    Status:
    Pre-Medical
    you didn't pay anything, the bank did.
     
  4. patineurMD

    patineurMD white skates + white coat
    2+ Year Member

    Joined:
    Dec 20, 2010
    Messages:
    131
    Likes Received:
    5
    Status:
    Medical Student
    I would consider that paying for your own education.

    Why exactly does this matter?
     
  5. Medwell

    7+ Year Member

    Joined:
    May 27, 2009
    Messages:
    241
    Likes Received:
    2
    Yep, that's paying for your own education.

    If you didn't get handed free money from other individuals, you paid your own way.
     
  6. TheMightySmiter

    7+ Year Member

    Joined:
    Oct 18, 2009
    Messages:
    5,220
    Likes Received:
    38
    MDApps:
    Status:
    Medical Student
    If you're going to pay back your own loans, then yes, I would consider that paying for your own education.


    Whoever said, "The bank is paying for your education" is full of crap. The bank is profiting from your tuition.
     
  7. ponyo

    ponyo 人魚姫
    7+ Year Member

    Joined:
    Aug 11, 2009
    Messages:
    581
    Likes Received:
    82
    Status:
    Medical Student
    :thumbup:
     
  8. DaTruMD

    10+ Year Member

    Joined:
    Jan 9, 2008
    Messages:
    457
    Likes Received:
    83
    +1.
     
  9. WorldChanger36

    7+ Year Member

    Joined:
    Sep 22, 2009
    Messages:
    3,015
    Likes Received:
    666
    MDApps:
    Status:
    Medical Student
    Honestly there are two ways to pay for things: Blood ( labor) and cash. If you pay back the loans then you can say you pay your own way. If you are gaining this through military service then the service to the military counts as payment and you can again claim you paid your way. If you did it via scholarships or merit grants then that counts as work and you can claim you paid your way. If the grants are need based or parent based or any other kind of free money you did not earn you can't claim you paid your way. Just how I see it.
     
  10. Perrotfish

    Perrotfish Has an MD in Horribleness
    Physician 10+ Year Member

    Joined:
    May 26, 2007
    Messages:
    7,969
    Likes Received:
    3,684
    Status:
    Attending Physician
    Paying for your education means that you will ultimately pay the costs of your education. You can pay now (work through school) or later (pay off loans), but ultimately it is you that pays the school.

    BTW if you're going with loans to cover 70% of the educational cost, I hope you're going to the lowest cost school available to you, or at least close to the cheapest.
     
  11. Medwell

    7+ Year Member

    Joined:
    May 27, 2009
    Messages:
    241
    Likes Received:
    2
    Perfect. :thumbup:
     

Share This Page