200k in Debt for Pharmacy?

<p>Oh, and also pharm students can get like this seperate loan specifically for people like them that has a low rate and pretty flex payback options. That’s on top of the normal federal stuff.</p>

<p>About interviews:</p>

<ul>
<li><p>I am a current NU pharmacy freshman student, and I have personally gotten to know several 2nd and 3rd pharmacy students. What they tell me about the interview is that MOST people pass the interview unless: 1) you absolutely don’t know the responsibilities of a pharmacist (you will be taught this spring semester of freshman year), 2) you don’t give a valid reason for pursuing pharmacy (e.g b/c of the money) or 3) you are extremely unable to communicate effectively with the interviewer (out of 130ish students in the current 3rd year, around 5-10 didn’t pass the interview)</p></li>
<li><p>for pacific, I heard stories where people with the appropriate gpa were STILL unable to enter the pharmacy school because the administration typically admit more prepharm than they can admit in the actual pharmacy school (eg. 300 in prepharm reduced to 150 in pharmacy school), whereas NU admit ONLY the amount of students that they are willing to admit in the pharmacy school. </p></li>
</ul>

<p>However, from what I hear from 3rd year NU pharmacy students, most people start dropping out either after the 2nd year coop (where they realize that pharmacy is not for them) or during the 3rd-4th years (where most people start getting low gpa’s).</p>

<p>In terms of loans, I perceive myself taking out at least $180K to pay through the whole program. So far, I’m trying to remedy the future impact of the situation by paying off interest loans (through money earned from my current part time job).</p>

<p>So IMO, you can make the debt work for you, but be prepared to work hard academically (and maybe at finding and doing a part time job too), and also spending less than your friends (people in Boston tend to spend a decent amount of money going out), then, perhaps the loan situation will be more manageable later on.</p>

<p>I didn’t think it was even possible for students to get huge loans like that. If it is, hopefully interest and repayment are deferred.</p>

<p>Interest usually isn’t, so a lot of students pay off the interest every month while they are still in school.</p>

<p>Interest and repayment is currently deterred for my private loan.</p>