I did take out student loans since the heydays of undergrad. I had some scholarships to help me but it was difficult not to pull through without some loans. Thus, I have accrued loans for the past six years and it definitely does amount to a lot. I worked at research labs to help cover some of my costs. Still, the majority is being paid via my loans and from family support.
Seeing the debt grow is certainly scary but once you work with a financial advisor, it can put a lot of your concerns at ease and put your situation in perspective.
Thanks for your question jensaigal. Most of my expenses are covered through student loans and also help from my mother. I have some funds saved up from working in the past that I tap into but it is not much by any means. I will most likely take out a line of credit to help reduce the pressure.
A lot of my colleagues are older, and have a lot more money saved up from working longer; the prevailing method however is a line of credit. Most, if not all of my classmates have a line of credit. In the case of those who have partners and spouses, their significant others are helping them as well.
Hi there cxsteff, I don’t see why nursing would not be advisable. I think there is this impression that it’s taboo to come from a nursing background that I think is absolutely rubbish. I know of two people who are from a nursing background and I dare say that they are a great asset when they bring their nursing experience to the table. Similarly, I have a brief background in pharmaceuticals which benefits the group too.
Everyone, no matter what background they come from, brings a unique perspective to a team and that ability to see a problem from another angle is what makes a team better. In that sense, I don’t think there is a “best” major prior to med school while many would say physiology is a good one due to its study of the human body providing a good foundation.
Student loans do get scary, especially once they start really piling up near the end of your schooling but eventually you will make it all back. It just takes time. On being sued, I personally worry too. I think as students, we all fear making that fatal mistake that lands us into trouble. However, I must also remember that before I can practice on my own, I will be trained for the next couple of years under the supervision of experienced doctors who will iron out the kinks and teach me the trade to the best of my ability. By the end of it all, we will all become confident and competent doctors. It is just a matter of time. :)