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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!
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!
Good luck!
Updated
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.
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.