No my weighted is a 5.14/6.33 the highest in our senior class is a 5.8 or a 5.9 (I cant remember exactly)
But the weighted gpa is out of 6.33
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Best thing that ever happened to you - and itās too much!!
Depressing today but would potentially strangle you financially, taking away choice for many many years. So you may not realize it today - but itās a big help. Do you know how many doctors are regretful and beholden to loans?
Donāt forget today, many doctors are employees of companies (not their own bosses) - and with the insurance world likely to change, Iām not sure Iād count on future incomes to be as they are today.
Societally, you are correct. However, when Iām looking at the individual, Iām looking at their long term financial health - and itās too much. We, as a society, may not be better off - but most carrying those loans, will be.
And itās not off topic - students have to think that far out.
Maybe, but in the next 8 years who knows what any field future will be.
Who knows, my parents really want me to just go to Rutgers and let them figure out the rest.
$20K for undergrad, $65K total for the four years.
Then you have $35K more to play with for grad school but $135K more if itās medical, law or whatever the government defines as professional
Not correct - because you can only borrow $65K for undergrad with a $20K max per year in Parent Plus loans.
Alright, but these rules donāt play into effect until July 1, 2026?
This goes back toā¦. can you pay for Rutgers?
You can only take out a total of about $27,000 in loans for 4 years. Your parents would have to take out the rest.
Can they pay this back if payments are due right away? I donāt know what the options are.
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i donāt think so
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$100,000 in undergrad loans is too much. That is why I suggested a CC.
Yeah and Uni of Alabama is more expensive too (30 k per year)
Direct costs (today) for Bama are $50,458. You would get at least $28K off. So that $22,458. Of course, you have to travel there. Once you move out of the dorm, your costs could go down - my sonās did. Some will get more (you fill out the scholarship app) but with a 3.5 and 1420 (single score, not super), youād get $28K. So not $30K - unless you are adding in non-direct costs.
Check out the McCullough Pre Med Scholars.
This still costs more than Rutgers.
UAH - $39,576 direct costs. Youād get either $19K or $22K off - depending on how they see your GPA.
Mississippi State, U New Mexico, U Memphis are others to look at.
W Carolina and S Illinois too.
C Michigan might be $20K ish after merit the first two years, $22K the last two.
You might look at the PA publics like Bloomsburg or E Stroudsburg.
The issue with any of these - while you get the dorm experience which I love, they are more expensive then Rutgers.
And you cannot afford any of them.
In some ways, looking at med school is premature - because most wonāt make it anyway - but then if youāre straddled with $100K in loans, how will you pay them back?
btw - Residents donāt make near what you think - far below $100K (far below) based on published data. It will be based on location/specialty perhaps bu the NE is showing $72K.
Donāt forget, as costs are spiraling out of control, costs are likely to go up.
Exactly correct - CS grads are really struggling.
We may need less doctors later - obviously society needs more but if folks canāt get insurance, they wonāt go.
And we are sort of headed that way - itās too hard to know now but thatās what the current admin seems to want.
Things changeā¦you have to be flexible.
and when do you start school?
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ok im a little dumb I messed up the years in my head
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Thatās the max for government loans. There are also private loans which would depend on your family meeting whatever qualifications they set. That would be in addition to the government loans.
My advice is to start at a CC and then transfer to Rutgersā¦unless you get substantial merit elsewhere.
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Thatās before you start your undergraduate school, right?
yes i realize that now
Yep I understand, that most of these will be more than rutty, and my SAT and GPA isnāt enough for good aid at these schools.
Iāll stick with Rutgers honestly.
I think I said that before, no? Residents make around minimum wage or less.
I know costs are going up, but itās worth it if you can actually become a doctor