Medical applicants face $200K+ grad school loan cap

“Reposting as this gained a lot of traction on r/personalfinanceCanada . Just looking for additional perspectives and input, thank you! submitted by /u/CuriousVolition [link] [comments]”

“Is taking out over 400k in loans for an OOS private MD school financially responsible? Especially considering that with interest it will be much more once I start actually paying it back? submitted by /u/SkyMcat [link] [comments]”

“Yeah and the fact that doctors have to pay with loans for their own schooling is insane. College should be free because of exactly that. But even when a graduate leaves school you don’t expect them to bring their own tools to the job, right? This is the same. I’m not paying $250 for a fully commission based position that might not even work out.”

“Everyone obsesses over admissions stats for years, then financing seems to get handled in a few weeks after acceptance. For people planning ahead, how deep are you going on loan comparisons before starting school? submitted by /u/gfh790 [link] [comments]”

“Hi all, first time poster. I've been accepted to a masters program about an hour and a half away from where I live currently and in the next state over. I had to defer because of finances and now I'm just...at a loss on how I'm going to make this happen. I'm currently working two jobs (serving in a restaurant; hourly catering gig) and am, by all accounts, in a very fortunate position compared to many of my peers, but still i struggle to make ends meet, let alone put aside money f”

“title says it all, what are the best scholarships you guys have applied for?? ive applied for most of the big name ones im looking for the niche ones! give me all you guys got :) submitted by /u/invesselwetrust16 [link] [comments]”

“Curious how people choosing to become a doctor are planning to pay for med school? I’m a non-traditional pre med and wondering how this will work out. Part of me is hoping that by the time it comes time to apply to med school that a new administration will fix the mess from the BBB. submitted by /u/BookComplex3723 [link] [comments]”

“Parents here seem to end up doing most of the loan shopping for undergrad, and I keep seeing people mention wildly different private loan quotes. What’s the least painful way to compare options without sending applications all over the place? submitted by /u/theJacofalltrades [link] [comments]”

Navy HPSP, it covered everything MCAT 500 & above GPA 3.2 & above U.S. citizen by birth or naturalized $3,113 monthly stipend No loans, guaranteed career, residency and experience You can apply…

“If you have the resume to be competitive, see if you can get into the best schools. HYPSM or Ivy League schools have the most generous financial aid programs in the entire world. They've been getting more and more generous as of recent.”

“Let me go look at my total cost so far (I grad with a bachelor's in May). Base tuition since starting in Jan 2024 is a bit over 33k. By the time Im done with my Bachelor's it will be close to 40k in just tuition alone. That does not include all the fees the university charges. Which takes up about another 20k. Give or take.”

“wondering if anyone had any advice/experience. my program at the university of michigan (yes im calling them out.) didn't give me any scholarships/funding regardless of my high gpa and financial need. i work a work study job but i use that to pay for my LIVELIHOOD... on top of working another part-time gig that totals into being full-time. im a full-time student, and ive already taken out the max federal loans through fafsa (10.5k/semester). i still need to pay ~5,700 this semester. does any”

“If I could do it all again I would have done PA or med school and not dropped out of college the first time around when my parents were paying for it.”

“If you know what med program you want to try to get into, check their curriculum and the policies and see if they allow you to transfer in credits. It will help a lot if you can take online or night courses at a community college that will transfer and count for your program but just make sure ahead of time that it will count. Much cheaper that way, and less to do when you start.”

“Unfortunately 20 years ago I had a bad financial advisor that didn’t tell me to do a 529 for a simple reason. They get no commission.”

“Oh good- this is a good choice. Do you have any idea what kind of medicine you’re interested in?”

“How’s your GPA? Start applying to colleges with free tuition for families under a certain income cap. If your parents make less than $250k, there’s a handful of schools (top tier and ivy are the main choices) as income goes down to $200k and $100k the list gets broader. Plan to live on campus and Make sure the funding includes room and board and bonus if there is a book stipend. You could use loans for basic necessities and just grind it out til graduation… check the list here”

“Oh sick ok this is in my wheelhouse. I was premed for a good portion of my undergrad but now work in research with plans to move into healthcare. I’m not going to sugarcoat it, if your parents aren’t helping you financially it can be extremely difficult to get to med school. Not impossible, but it’s going to be hard. If a BS is not financially accessible to you right now, I would recommend taking some time to get a job in a healthcare field that can help you pay for college. You’ll kill two bird”

“Just like in general cause I don’t see a lot of talk about how to afford med schools and stuff like that. submitted by /u/New-Influence8510 [link] [comments]”

Yeah but doesn’t Cali pay for schooling?

“The fact that we’re subsidizing student loans for doctors and dentists is insane. 150/mo on almost a million dollar loan for someone who will make millions in their career.”

“That 70k is going to take her from making 40-50k (what ever the average is for a worthless bachelor’s degree) to 100k+. The math isn’t hard here. I don’t know why you are trying so hard to direct this strangers life, while putting so little effort into validating your advice.”

“Is the $70k how much she will be borrowing, not including interest? Also, was her undergrad also in psychology? If so...yeah, bad news, can't do much with an undergrad psych degree.”

“https://docs.google.com/spreadsheets/d/18nxR0agzuPt7bo6iB3ECgnvX7fuPxEqjk06Yp6Kso8k/edit?pli=1&gid=1715937434#gid=1715937434 Didn't see this going yet, so figured I'd post it for those that find it useful. Some notable changes I've found: Added programs: Mayo Arizona, Beth Israel Lahey, and FSU Pensacola. Thomas Jefferson is unionized; Christiana organizing, Hennepin unionized but no contract yet. Christiana and Northwell now use Epic; Georgetown plans 2027 conversion. I'm su”

“so I was really banking on getting a grad plus loan since my degree was one of the ones that still qualified for it, but after looking into it recently, I realized it's too late for me to get it since I'm starting this year. My question is how is everyone paying? External scholarships? Loans (which ones)? Working part-time (I'm already working full-time, but applied a job on campus)? Help!! I'm starting at Weill Cornell, so if anyone else has any other advice for me, please lmk!”

“any new grads refi their private loans like ... right after school? im neurotic about debt lol I just dont like carrying it and thinking refinancing is the way to go submitted by /u/SlickDerrick [link] [comments]”

“how the hell are you paying for grad school besides using grad plus? I got funding but still have a gap and trying not to make a terrible decision. And some of you all have KIDS???? I feel like that meme of zach galifianakis counting cards in the hangover submitted by /u/Ok-Amphibian1447 [link] [comments]”

“Hello, as the title states, I need help paying for grad school. I’ve looked into websites like Bold and Scholarship Owl but haven’t received anything as far as scholarships. Are there any specific scholarships I can apply for? I’m in the beginning stages of pursuing my masters to become a Midwife. I’ve applied to fafsa. I got accepted into Frontier Nursing University and they don’t seem to have a work-study program. I do plan to work and pay for school but looking for other options to pay. Thank”

“i have, they have a program at a community college near me but i hear it’s years before you’re off the waitlist because it’s a popular program. and there’s other colleges that might be slighter cheaper, but all at least an hour away from me, and this particular college is very close by so commuting will be one less stressor. so this one is a private college (Carrington College) which i would rather do even though it’s pricier because time is money and i wanna get started as soon as possible”

“That makes sense, and if you’ve genuinely been fighting the financial aid decision for eight months, I wouldn’t keep telling you to bang your head against the same wall. In that case, your plan actually sounds more workable than it did initially. If paying the balance down to $1,500 definitely unlocks the Finish Line Grant and allows you to enroll for the final six credits, then using a 0% card as a short-term bridge could be reasonable. Before doing it, I’d just confirm three things in writing:”

“I need schools that offer biomedical sciences.i am struggling to find options. Not the T20s tho submitted by /u/No-Cost4775 [link] [comments]”

“I feel bad for the poor premeds that might fall for this, these schools are equivalent to loan sharks istg submitted by /u/Bigboofer100 [link] [comments]”

“Good numbers to know, thank you! I actually already checked into the MCAT and application costs, along with tuition, so I've got a decent picture of what's ahead. Tuition's covered through my dad's VA benefits, but the MCAT and application fees are separate out of pocket costs, so I'm factoring those in on my own. Appreciate you flagging it though, good to know it's on other people's radar too”

“What are some medical schools that you've seen that have a unusual or unique prerequisite(s)? submitted by /u/Current_Command_4289 [link] [comments]”

“Or any path of expensive further education, really. I'm curious to hear about other people's goals. submitted by /u/NewPreparation7693 [link] [comments]”

“For example, is paying 100k for a t50 worth it? What about 50k for a t100? How much does a prestigious undergrad matter in the long run in comparison to how much cost matters? submitted by /u/Major_Hedgehog7871 [link] [comments]”

“I agree, it’s a huge commitment and a unique lifestyle. Money wise it might be better but if I come out of grad school with a therapy job I feel confident that I can pay off my debt quickly / responsibly. I am frugal and between research grants and a college job I was able to save up 10k this year to put towards loans.”

Por que no los dos?

submitted by /u/Tbone0916 [link] [comments]

“30 year old non-traditional student. submitted by /u/Business_Student_717 [link] [comments]”

“I’m a 2026 high school graduate, and becoming a doctor has been my dream for as long as I can remember. Unfortunately, I can’t afford medical school, so I’ve been searching for scholarships. I currently live in Saudi Arabia, where scholarship opportunities for non-Saudis are extremely limited. The only scholarship I received is for nursing. It covers my education and guarantees a job at a top hospital, but nursing has never been my passion. My other option is taking a gap year, to complete the r”

“any stories of people doing this and it actually works out ok? submitted by /u/bruhhhhhhhh386 [link] [comments]”

“200K in student debt and 20K in card debt doesn't imply lack of intelligence. The student debt is overwhelming but in theory the income earned should cover it . How we finance higher education. Now that is NOT intelligent.”

“As the title suggests, my original post was asking if any student in undergrad or who already graduated had the excelsior scholarship and how does it work if you get into a medical school outside of New York State as the scholarship requires you to stay in state for as long as you received the scholarships? Please help I’m really desperate. submitted by /u/Critical_Mammoth_108 [link] [comments]”

“I’m an incoming PA student but I don’t think this is a question for other students, more so for practicing PA’s. With the elimination of grad plus loans, is school worth it? I’m looking at the possibility that my school also won’t dispense the professional federal loan cap of 50K because they are afraid of consequences come Winter. So I’m also looking at the possibility of only getting $30,750 per year (due to how our school semesters run). My school starts in three weeks and we still don’t have”

“Context : New grad, currently in FL, looking to relocate to CA. Ortho/Sports med is my preferred specialty. I have approximately $200,000 total in combined private/federal student loans. This is a private practice, with a focus on knees and shoulders. Location : MCOL, mid-size city in CA. Lived there for 4 years previously, so I am familiar with the area. Salary : $150,000 (providers noted "generous" annual increase, but do not have an exact figure) Incentives : $350 if you attend 2 ho”

“Hi everyone, I'm looking for an honest opinion on my chances of getting into a fully funded PhD. program in the US. My profile: MBBS graduate from Pakistan CGPA equivalent around 3.7/4.0 IELTS Academic: 7.0 12 research publications across cardiology, gastroenterology, pediatrics, public health, AI in healthcare, and systematic reviews/meta-analyses 4 conference abstracts/poster presentations, including international conferences Experience with SPSS, RevMan, R, clinical statistics, and eviden”

“If you’re interested in continuing in a medical field, and you mentioned radiology, have you considered joining the military? Specifically the active duty Air Force or Air National Guard. I mention these because of all the branches and nuances each has, the Air Force by far has a much better quality of life. There is a cardiopulmonary career field that the schooling alone ~2years. That’s without even touching your GI Bill/education benefits as tech school is mandatory for any career field. So th”

“There’s also the mountains of debt that those without generational wealth take on to go through 8+ years of school and 4+ years of residency and fellowships.”

“Here in the US medicine is as good as it gets, the issue is you have to study 4 (premed) + 4 (med school) + 2-4 (residency) years before gaining the big bucks. Most people get a bad MCAT score and don’t even make it to med school.”

submitted by /u/Cautious_Guitar6960 [link] [comments]

“US citizen, FGLI, ORM. No debt from undergrad. Big Beautiful Bill capped lifetime grad school loans at $200K. Where is the other $200-250K gonna come from? 0 collateral (non-US citizen parents, live abroad), though I'm working on building a credit history. 0 family/friends that would be co-signers on private loans. Other options are T20s that give substantial aid, in-state schools, or MD/PhD. Also: Why does this country hate poor people so much? Is it too much to wanna be doctor even though”