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- all the schooling and also through medical school if i keep my same income? I might be a pediatrician

2007-09-28 05:14:57 · 4 answers · asked by PETER L 1 in Education & Reference Financial Aid

4 answers

Yes, there is help for those who want to attend medical school, but it is primarily student loans. Medical students come out with a lot of student loan debt, but their income potential is a lot higher once they graduate. There are some limited scholarships for medical students. The good thing is that your financial aid package is based on your income and savings not your parents' income and savings. Also, if you go the scholarship route to minimalize your student loans, utilize more than one source to find scholarships and apply for every scholarship you qualify for consideration. I will include some free links which should help you better understand it. Good luck!

2007-09-28 06:44:16 · answer #1 · answered by dawncs 7 · 0 0

As the saying goes, if you want something bad enough you'll find a way to make it work. The most important thing to think about is financial planning. As others have said, it will mostly be loans that get you through but after that you'll be making enough money that this "good debt" won't be difficult for you.

To minimize the amount of debt you'll leave with, you'll have to educated about your resources. Find a mentor who had a similar situation that you are dealing with now - a lot of financial aid offices will put you in touch with someone. This person will be able to give you some tips and tricks that internet research don't always tell you.

Also, be prepared to live sparingly for those years of schooling. Don't put yourself into a financial hole by committing to things you can't afford at the moment. Save the new car and house for later. Buy a reliable but cheap vehicle rather than leasing. If you can live at home with a parent or with a roommate/family to reduce rent, do that. Research medical schools that are good values (i.e. cost little compared to their excellence). Pick up extra work related to your field or become a graduate assistant.

Start saving now - bare bones now means big bucks later.

Also, if you have a significant other this time who is doing the financial supporting, remember their support and be thankful.

2007-09-28 16:05:18 · answer #2 · answered by Dawn R 2 · 0 0

it's called school loans, it doesn't matter how much you make if you want to go to school to be a ped. then do it. its a lot of work and a lot of money to do so, but that is why Dr.s get paid the "big bucks"!

go for it, and good luck

2007-09-28 12:26:15 · answer #3 · answered by Jenna 3 · 0 0

I doubt it. You'll probably end up with $100,000 in school loans if your the typical med student.

2007-09-28 12:22:32 · answer #4 · answered by Anonymous · 0 0

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