Where to deposit?

[JustAnother]

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Dear fellow SNDers,

I'm very fortunate to be accepted into several DO schools. As the deadline to make a deposit is coming, I'm having a (wonderful) problem as to where to put my money. I have until Dec 14th for most of them (except for Touro-Nevada and TUCOM-CA, which only gives 2 weeks). Here's the list of the schools: DMU, AZCOM, ATSU-SOMA, Touro-Nevada, and TUCOM-CA. I also have several MD interviews scheduled but they're not until after the deadline. I'd really appreciate your suggestions and comments.

I'm from Cali. I'm not particular picky about staying in-state, but if I'd like to have my support system close to me. Here are my thoughts so far:

DMU: Great DO school from what I've read and from my interview. I felt very welcomed during the visit. The tuition is somewhat cheaper than the other listed school. If I were from Iowa, I'd be all over it. But I'm not.
AZCOM: Expensive (HOLY **** it's expensive) but closer to home. They have rotation sites in CA, so I'd be back home. Huge class size, which I don't really care about much.
SOMA: Similar to AZCOM. I liked the CHC setting during my interview. They have 1 CHC in CA, and it's about 3-4hrs away.
Touro-NV: Closest to home so far. Cost of living is cheap. Rotation sites can be set up, so I could also come back home.
TUCOM-CA: In-state, but doesn't matter much really. I don't really like the lottery system they use for rotations. A ton of time spent on OMM (Some people like it, I'm on the fence with this one). Ehhhh campus.

Thanks everyone!

 

[deleted610572]

Take DMU for back up and then knock out your MD interviews

 

[AlteredScale]

dmu for sure

 

[AnatomyGrey12]

Take DMU for back up and then knock out your MD interviews

This^^ x10

 

[JustAnother]

Thanks for your quick replies, everyone. That's what I thought too. So for now, I'm thinking about putting the deposits for DMU and SOMA. DMU is a great back up and I really clicked with SOMA. Any thoughts on SOMA? I've talked to students from SOMA. Most of them seem to really like the CHCs and the schedule. Like 99% of us, I don't have a lot of money, so these two are probably the ones I'm really willing to keep.

 

[AnatomyGrey12]

If that's what you want to do then go for it! And knock those MD interviews out of the park

 

[TUVIX]

Thanks for your quick replies, everyone. That's what I thought too. So for now, I'm thinking about putting the deposits for DMU and SOMA. DMU is a great back up and I really clicked with SOMA. Any thoughts on SOMA? I've talked to students from SOMA. Most of them seem to really like the CHCs and the schedule. Like 99% of us, I don't have a lot of money, so these two are probably the ones I'm really willing to keep.

Just out of curiosity why are you planning to put a deposit for 2 schools at the same time?

 

[ortnakas]

SOMA (if you like the curriculum and got the CHC you want) if you care the most about being closest to home, DMU if you don't.

Just out of curiosity why are you planning to put a deposit for 2 schools at the same time?

Agreed. Unless you have an extra $1500 lying around, I'd save the cash and only pick one to give a deposit to.

 

[TUVIX]

SOMA (if you like the curriculum and got the CHC you want) if you care the most about being closest to home, DMU if you don't.



Agreed. Unless you have an extra $1500 lying around, I'd save the cash and only pick one to give a deposit to.

My point was you have to decide between them anyway so may as well make that decision now, not waste the money, and give someone else a chance at your spot.

 

[ortnakas]

Sorry I guess I was unclear-- I was agreeing with you!

 

[Azete]

Not to get off topic, and I've heard great things about AZCOM, but holy **** $408k 4-year COA?

Putting this in perspective, including a 3-year forbearance for residency, to pay this loan off in 10 years will require payments of $6,100 per month ($73,200 per year). Base starting salary for family medicine is roughly $166k, which means after taxes the take-home pay would be roughly $43k. Even assuming a higher starting salary of $200k, take-home pay would only be $66.5k -- I'm not even including basic costs like malpractice insurance.

I'd love to hear from their financial folks how they justify this as being even remotely affordable.

 

[TUVIX]

Not to get off topic, and I've heard great things about AZCOM, but holy **** $408k 4-year COA?

Putting this in perspective, including a 3-year forbearance for residency, to pay this loan off in 10 years will require payments of $6,100 per month ($73,200 per year). Base starting salary for family medicine is roughly $166k, which means after taxes the take-home pay would be roughly $43k. Even assuming a higher starting salary of $200k, take-home pay would only be $66.5k -- I'm not even including basic costs like malpractice insurance.

I'd love to hear from their financial folks how they justify this as being even remotely affordable.

Pay it over 30 years? Not ideal I agree.

 

[Azete]

Pay it over 30 years? Not ideal I agree.

Annual payments would still be $42k, and the total amount paid would be $1.26 million. Which would make the take-home pay more feasible but impossible to save for retirement.

 

[JustAnother]

Great advice. I'll stick with just DMU for now then. I'm releasing my spots at the other schools. Hope they become good news to someone else. Thanks everyone!

And thanks for the optimistic outlooks on cost, guys.

 

[Gandyy]

Yea, DMU for sure.