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How much debt do you accumulate from med-school?

I want to know the amount of debt I will be in if I choose to pursue medical school. #debt #college

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Melody’s Answer

I think the amount of debt that you could be in is based on how much financial aid you will have and where you go. If you truly want to try to figure out some schools have a financial aid calculator. I do not believe you are able to see exactly how much debt or financial aid you will receive till you have given your FAFSA and your taxes to the school you are going to. You do not need to accept the school before seeing how much you'd have to pay and how much they give you. I did that when I got into NIU, they sent me my financial aid summary and how much I needed to pay. It does vary by year based on if you or your parents made more money the following years or you have siblings now or soon in college. You can always email financial aid offices to the school you are planning to go to for any questions. If you are in high school I would first think about getting into a college and see the debt for that. Sometimes people change their majors in college it really is just a step by step process.

Melody recommends the following next steps:

Figure out what colleges you would like to go to
Do they offer a graduate program?
Call/email financial aid office to see if they can give you a estimate
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Rick’s Answer

The following link provides an overview of medical school costs, including average costs for private and public universities (costs for both in-state and out-of-state students):
https://www.collegeavestudentloans.com/blog/how-much-does-medical-school-cost-average-medical-degree-tuition-costs/

In addition to regular financial aid, there are service scholarships that can pay for some or all of your education, if you're willing to serve in certain areas, or as a military doctor for a set period of time:
https://www.ama-assn.org/residents-students/preparing-medical-school/are-medical-school-service-scholarships-right-you
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