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Helpful advice on money?

Any advice on how much money I would need saved so I can do med school full time with no jobs?

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Kimberly’s Answer

Hi Marco! First- you will need an undergrad degree at any institution of your choice! My best advice would be to choose a college that will give you a good amount of financial aid. I chose a college that offered me enough financial aid to cover everything for me- I do not pay anything out of pocket and did not need to take out loans. I have a low impact job to have money to save up for law school. If you save money during your undergrad years, it will save you a lot of time and loans.

Second, like Moadh mentioned, Med-school is definitely expensive but worth it! There are many scholarships out there but you will need to put in the work! Med-schools do offer loans, but the less loans you take on the better!
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Bailey’s Answer

The best audio book that I listened to was “the total money make over” by Dave Ramsey. I would listen to it every time I would drive to work. It will help you plan on “cash flow” your education.
Good luck!
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Moadh’s Answer

Hi Marco, Med-school can be expensive, you'll need roughly $70,000 a year to cover tuition and expense in a US med-school and roughly $40,000 for a Caribbean med-school. However; most med-schools have loan programs that if you're accepted into their school they would give you loans to pay for medical-school and life expenses as well, and once you start working you pay them back.
Remember you'll need to get a Bachelor degree from a 4 year college first, before entering most Medical schools, thus if you're not done with college or high school yet, focus on completing your college courses first.
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