Thursday, December 15, 2011

What are some of the ways to fund my medical education other than student loan?

I dont want to be in debt lol. however, I know it is impossible to not be in debt. but is there any ways I can go now to reduce my debt in the future? like saving money from now on? then my question would be, what type of saving I should look into? I will go to medical school in 3 years|||First of all, you do NOT 'enlist' or 'join' the military to get them to pay for med school. Don't do this! Instead what you want to know about is the Health Professionals Scholarship Program (HPSP). In a nutshell, they will pay your med school and give you a stipend. In exchange, you owe them active duty military service for each year of your medical school PLUS residency. You will automatically be commissioned as an O-2 officer (2nd Lt in Army/AF or Lt. Jg in the Navy) when you finish your residency. In addition to your med school, you will need to attend some military leadership training programs but you don't go to boot-camp like the enlistees do. Most residencies are at least 3 years so seven years is the typical committment.





It's very important you understand the fine lines of this program especially when it pertains to residency choices; there are a lot of things you need to make clear before you sign anything. The military will own you once you make your committment. Be careful who you talk to also. Your typical military recruiter knows nothing about this program and will instead confuse and trick you into enlisting (they are like used car salesmans).|||Have you thought about joining the military. They will wipe your medical school debt for a short enlistment. They pay you a decent salary and wipe the debt. Can't beat that IMO.|||Med school is really expensive. But the reason students usually pay using loans is because doctors make a lot of $$$.





If you are planning to apply for financial aid, you should be aware that saving money now might not reduce your loans. Most schools' financial aid policies will use your savings to reduce your GRANTS/scholarships, and not your loans.





If you know where you want to go to med school, you should check those school(s) policies.





Working part-time in med school could reduce your debt, though, since part-time jobs often replace loans rather than grants. You might find it hard or impossible to work a job when you are in the residency part of your med school education. But during the "classroom" years, you could do it.





As another poster mentioned, the military is an option, as they give scholarships. But personally, I would be very cautious about that option right now. Currently, because of the prolonged fighting in Iraq, there are MANY military personnel who originally enlisted for just a couple of years, and are being forced to stay on past the end of the enlistment period, by the President's "stop-loss" orders. And so people are not being let out after their enlistment expires! They have to stay until the military decides to release them (unless they die in combat). While I respect and admire the men and women who volunteer to fight for the USA, I think it is inappropriate for the President and the military commanders to FORCE people to stay for longer periods than they volunteered for, and not let them leave. So think about whether it's worth the risk to you.|||I ran into the same problem. i talked to a counselor at my community college and he told me to go to the community center where they gave me 8 forms to fill out for Gov. Grants because i was majoring in Medicine. you could also check on the web for other scholarships and grants to see what is available.|||Ey sups what?





Im not exactly sure what your looking for what?





But I found this site below and from the looks of it, I think it would be a lot of help





Anyways Gud Luck!

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