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- May 2, 2008
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While I am a frequent visitor of the forum. I am writing under a new username to protect my privacy.
Here is my question. I worked 2 jobs for the last 4 years while living frugally and I now have about $100,000 in savings and will be starting med school in the fall. Tuition is going to be around $40,000 and I don't have to worry about room and board. I qualified for the max of Stafford subsidized (long story but savings are mine but not under my name or SSN). What would you do with the money? Use it to pay first 2 yrs and keep the rest for emergencies? Not use it at all? I'm getting only about 3.7% interest on it.
I'll obviously take out the Stafford subsidized. Thanks for your suggestions.
Here is my question. I worked 2 jobs for the last 4 years while living frugally and I now have about $100,000 in savings and will be starting med school in the fall. Tuition is going to be around $40,000 and I don't have to worry about room and board. I qualified for the max of Stafford subsidized (long story but savings are mine but not under my name or SSN). What would you do with the money? Use it to pay first 2 yrs and keep the rest for emergencies? Not use it at all? I'm getting only about 3.7% interest on it.
I'll obviously take out the Stafford subsidized. Thanks for your suggestions.