Medical Malpractice

How do you go to a professional school(ie. grad, medical, law school) if you cant afford it?

Public Comments

1. Student loans!
2. Loans. Lots and lots of loans. For medical school, there are a couple of scholarships you can get in return for service after you graduate. There's the armed forces scholarship, where you have to put in like 4 years after you graduate, but pays school and living expenses. Then there's the Health Services scholarship which is pretty much the same, but after you graduate, you promise to practice in an underserved area of the united states. The average debt for a new doctor is $200,000. Not sure if they have the same programs for law. Kinda doubt it.
3. Many grad school programs offer great funding opportunities, depending on the university. I think you're more likely to be funded in social sciences and humanities than in medical or law programs. So basically when you're looking up information on what schools to apply to make sure you find out if they offer any financial help. Right now I'm getting my Ph.D. in sociology. I get a full tuition scholarship and a stippend. The stippend is just a paycheck you get every two weeks for doing research or teaching work with another faculty member. Beyond that you can also fill out FAFSA and since you dont have to fill out parent information you usually get more. I'm eligible for about 13,000 dollars a year in stafford loans. If you still need more money after this you can take out a school loan through a bank. Obviously the best situation is to get full scholarship and a stippend, but its not too bad to take out loans. The interest rates are usually pretty low and you dont have to pay them back until 6 months after you graduate. Plus if you get subsidized federal loans the interest doesnt accrue until you get out of school and start paying. Unsubsidized loans mean that interest starts to build from the time they give you the money till the time you pay it all back, so if given the choice pick the subsidized loans first (although usually you will be eligible for both, up to a certain amount of money).
4. Apply for grants. This is money that you will not have to pay back. Also apply for student loans, subsidized and unsubsidized. These are loans that you can lock in at a low interest rate. Edsouth usually has decent rates on thier Stafford loans. Shop around, don't feel that you have lock into one specific lender.
5. http://www.daylon.com/scholarship/ that might help.