Why I Chose to Live at Home During Medical School

Living at Home During Medical School

As I stated in several of my prior articles, medical school is far from cheap. With annual tuition averaging over forty thousand dollars, it is imperative to cut costs wherever possible. When I was set to begin my first year of medical school, I took out the maximum amount of federal student loans I was able to borrow, equaling around $55,000. While this funding covered the cost of my medical school tuition (which was slightly… Continue Reading Why I Chose to Live at Home During Medical School

Paying for Test Prep Classes Can Save You Money in the Long Run

Paying for Test Prep Classes Can Save You Money

Preparing for standardized admission tests is no fun. Most people need to study for months in order to perform their best on standardized tests, and this is especially difficult for people who are students or are working full-time. Studying for standardized tests is even more difficult for people with student loans, since individuals must typically shell out thousands of dollars in order to take exam prep classes or purchase study aids. However, paying for test… Continue Reading Paying for Test Prep Classes Can Save You Money in the Long Run

The Benefits of Working a Part-Time Job During Medical School

Working a Part-Time Job During Medical School

Medical school is not easy. I should know, I’ve been through it. As a medical student, you need to endure countless mundane lectures, deal with tedious study groups, and basically learn an entirely new language (medical terms number in the several thousands). All throughout, you are forced to compete against the brightest of the bright for future job opportunities. These burdens are of course separate from any issues you may face while working a part-time… Continue Reading The Benefits of Working a Part-Time Job During Medical School

Dealing with the Bankruptcy of a Student Loan Cosigner

Bankruptcy

In a previous article, I delved into the issues that can arise when a student loan cosigner dies, and how to best deal with any problems that may result. This time around, I will talk about a rarer, though sometimes more problematic dilemma: what to do when a cosigner declares bankruptcy. While renegotiating the terms of the student loan may still be an option, the worst case scenario (an automatic default) is what commonly occurs.… Continue Reading Dealing with the Bankruptcy of a Student Loan Cosigner

How to Choose a College That Will Minimize Your Student Debt

Choosing Colleges

As previously discussed on this website, where you attend college can have a massive impact on your student debt story. Indeed, decisions you make when choosing colleges can determine how much student debt you ultimately need to borrow. Some of our guest articles have already included tips on choosing colleges that will minimize the amount of student loans you need to borrow in order to pay for college. By following this and other advice, you… Continue Reading How to Choose a College That Will Minimize Your Student Debt

Choosing the Right Medical School: Why Minimizing Student Debt Is Not the Whole Story

Medical School

In my last article, I discussed the various considerations one must assess when selecting the ideal college (if you have not read my last article…shame on you! Drop everything and take a look). This time around, I will talk about the decisions I made when choosing a medical school, and how I tried to reduce the amount of student debt I borrowed along the way. As stated before, I am not an expert in this… Continue Reading Choosing the Right Medical School: Why Minimizing Student Debt Is Not the Whole Story