![]() Residency interviews/traveling for interviews: $4,600 Medical School Books and Equipment: $1,240 ![]() Private Medical School: $59,555 / Public Medical School: $49,842 Not into the idea of loans at all? There are a few other options discussed here.īefore we dive into the 6 best loans for medical school, let’s discuss all of your expenses throughout medical school to give you a proper gauge on how much $$$$ you’ll need:Ĭar payments: New cars: $568 / Used cars: $467 Private student loans are one way to go, and in many cases the only way after exhaustion of personal/family savings and Direct Subsidized/Unsubsidized Loans or Direct Plus Graduate Loans! We’ll be talking about these in detail later on. Own Savings -> Scholarships and Grants -> Direct Subsidized/Unsubsidized Loans -> Direct PLUS Graduate Loans -> Private Student Loans And to top it off - there is a lack of resources to help you make the right financial decision. But that's where we come in.īefore we go into the details, here is a quick order of operations to pay for medical school: Tuition, living expenses, books, USMLE fees - the list goes on!įinding a way to pay off the huge amount of tuition and fees while also maintaining your grades, passing USMLEs, balancing your social life, and saving lives can be quite overwhelming. They’ll be able to tell you with certainty what is and isn’t eligible for loan coverage.Many fight hard to get into medical school, but what comes after the acceptance letter (and the immense joy it brings) is the dread of financing the coming four years. If you’re ever unsure about whether or not an expense qualifies, contact your student loan servicer or your school’s financial aid department. ![]() ![]() But you generally can’t use them to pay down your credit card, car loan, or some other debt.
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