Medical School Tuition – Leading Education. Competitive Costs. | St. George’s University
I'm with you about some of the other things that have been said around here but actual tuition is already pushing $275k......and that's before buying a book, eating, or paying rent
Medical School Tuition – Leading Education. Competitive Costs. | St. George’s University
Total expected tuition/Fees/Books:
$283,434.00
That still leaves
$116,566 left over after
4 years to get to $400K. Or, a calculated
$29,141.50/yr to live on.
That's not pre-tax. That's not post-tax. That is
actual dollars you guys are talking about, which is equivalent to
after-taxes someone making about $36,500/yr in income
while you're in school!
A $1000/month apartment rental
averaged over those 4 years still leaves you over $19,000/yr for all other expenses to bring you to $400k, or
$1,583/month for all other expenses.
I don't know how you guys intend to live - most of you who are in your early twenties, single, and still have family to support you - but,
I will say this again: if you are racking-up over $400K in debt in this process, you are doing something wrong.
I did all my rotations in NYC where I rented a solo one-bedroom apartment, graduated on-time, and did even
remotely come close to spending
$29k/yr in living expenses. In fact, I barely spend more than twice that
now in total annual living expenses! Hell, entire
families live on that (and less). And, no, there weren't gas lamps and, yes, we even actually washed our hands between patients way back then. It was not in the 1500's; it was in the 21st century.
So, I would suggest that, yes, if think you're going to live "high on the hog" while you are pursuing this pathway, you might want to rethink your decision. If you go to St. George's, you will likely rack-up over $325k in debt depending on how you manage yourself and what kind of help you have. But, that's why there are
loans. And, if you pass Step 1, the odds are you will make it through the whole program.
If you somehow make it all the way through Term 5 and then you DON'T (or can't) pass Step 1, you're going to be about $130k in non-dischargeable debt (plus whatever living expense you blew).
Better figure that out
well before then. And
budget yourself.
-Skip