Most advice steers you towards loans. Loans. Loans. More loans. Would you like a side of loans with your medical education? Or are you willing to donate a kidney? It's much harder to find resources that solely focus on loan-free ways of paying for medical school. While we recognize that graduating from a medical school with zero debt cannot be the case for everyone, we believe that all students have the potential to graduate with a manageable amount of debt. Here's a list of ways to help you pay for medical school without going broke!
How will you pay off the overwhelming amount of tuition and fees in medical school? Should you take out loans? Which ones? What about scholarships? Can you negotiate with medical schools? What are the do’s and don’ts of medical school financial aid? You’re not alone in this difficult journey. Here are 8 testimonies from a diverse set of students to help you avoid mistakes and give you a baseline of advice.
When we Googled “how to talk to parents,” the results were all over the map. Some were quite serious: depression, dating, moving out, etc. What we didn’t find was how to talk to your parents about applying to medical school. In our experience, this task can range from laidback to very stressful, depending on the pre-med, family, and numerous factors like income or culture. Regardless of where you fall on that spectrum, we have some helpful tips to prepare you for this pivotal conversation in your pre-med journey.
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Why NYU Isn’t Such a Good Deal for Medical School
In part 1 of our series, we examined the cost of applying to 25 med schools. In part 2, we consider the hidden expenses of applying to medical school.
It's expensive to apply to med school. While it's nice to have a wealthy benefactor willing to foot the bill, most of us have to pay from our own finances.
Pretend you’re the dean of a brand new medical school. You’ve got a lot to build: a campus, a faculty, and a team to help you run the school. You’ve got to get accredited, raise money from donors, and recruit people to join you on this mission.
“How much would it cost for you to write my personal statement for me?” A medical school candidate asked me this question during a particularly stressful moment in the application process.
Imagine winning $250,000. No, you didn’t go to Vegas, and you didn’t even buy a lottery ticket. You show up to your white coat ceremony on your first day of medical school, where the dean announces that “you get free med school, and you get free med school, and you get free med school. Everybody gets free med school!” It’s like Oprah on steroids.