Education cost and debt of MS students

<p>Yeah. It was a killer. </p>

<p>Well, my kid didn’t do as well as y’all did (her table is from Ikea) and she’s going to paint it. She’s at Lowes now. But she got her leather loveseat off Craig’slist last year for a song. </p>

<p>Oh, and my D is borrowing a truck tonight from a family she babysits for to pickup her roomie’s 84" craig’slist sofa. She is supposed to text me a pic after they strap it in. I think she was just gonna put the tailgate down and drive. :eek:</p>

<p>Ratchet straps!!! Don’t go anywhere without them!</p>

<p>Kat</p>

<p>Miami</p>

<p>In S’s case, most people that chose to live alone for MS1 have roommates now, many with multiple. After having time to get to know each other and form circles of friends, figuring out who would make a safe, tolerable roommate is far much easier than playing roommate roulette for the “very important to be settled” first year. After spending all their time around other Med students, escaping to a living environment with “normal” people can be a nice respite.</p>

<p>S and friends are not the only ones who have opted for “quasi-suburban” ranch house living. He said that after seeing their house last year, a number of others opted for similar arrangements this year. Many of the girls still tend to want to live in the hip part of uptown (where my Law school D lives) but the noise from clubs and bars can be problematic at times which is certainly not a problem in a single family home.</p>

<p>Don’t be surprised if your D does a 180 for her living arrangements in future years. If your D is at Case (as I suspect that she is) the immediate area, as you already know, is somewhat dicey. That said, there are some very nice places to live 10-15 minutes SE of campus and really wonderful places to get away from it all within about 30 minutes SE of campus. Geauga county is a great place in the Fall…lots of festivals etc…and also gorgeous rolling hills and quaint small towns to visit on weekends.</p>

<p>

Assume 34000-35000 loans a year. Times 4, you will get 136,000-140,000. the remaining amount is 10,000 - 14,000 for the “gap research year” between MS2 and MS3. If it is a paid research “job”, even a part-time one could fetch 15000-20000?</p>

<p>Excluding the traveling expenses for the interview trip during the last year, $150,000 total debt may be achievable.</p>

<p>The unpredictable wild card is: whether or not the marriage may come sooner than you expect in your case. Then the inheritance needs to be passed to her while you are still “young” :)</p>

<p>D. did not have any time to look herself for place. She still did not see it, movers are arranged at the end of June, then she will see it first time. She did not have time for furniture either. We have bought everything, except we presented her with choices of bedroom sets. D. is still not at home. She will be here only 2 days before movers, she wanted to come a day before, but I convinced her that it would not work very well.
We hope that furniture fits into her studio, otherwise we are in trouble. Offcie did not have a good plan, we had to approximate here and there, but H. made real engineering plan and we measured all furniture peices and played a game of moving little paper furniture peices on paper studio plan. So far we are having ball with all of this, although it is expansive game. So, we decided to treat ourselves for all the “hard work” and bought new bedroom set for ourselves to be delivered without additional delivery charge from the same store as D’s bedroom set. I am looking forward. Without all that commotion, I would be living with my old bedroom for the rest of my life.
I do not want anything in debt, but it will depend if we have our jobs for next 4 years. I also hope that D. will not marry in next 4 years, she is only 21 any way.</p>

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Yeah, well. I don’t think that’s happening. She hasn’t even changed her “facebook status”. Then again, she doesn’t share much (read:“any”) of that stuff with me. It’s above my pay grade.</p>

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<p>Isn’t it because private schools, although more expensive on paper, have better FA? If its anything like undergrad, private med. schools should have larger endowments and should be more generous with FA.</p>

<p>Colleges, I think this depends on WHICH private medical schools. My gut feeling is that, there are are more private UGs which are more generous in FAs, but there are much fewer private medical schools which do the same.</p>

<p>I do not know the answer to this question: For private (UG/professional/gradguate) schools, is it likely that, in term of the financial resources available from the family, do we have:</p>

<p>Professoinal school > UG >>> graduate school</p>

<p>or</p>

<p>UG > professional school >>> graduate school</p>

<p>Many students in the graduate (MS/PhD – esp. in the engineering/science area at a top graduate school) schools are internationals, who tend to be poorer.</p>

<p>In order to get good FAs from some school at any level, your parents need to be poorer than the parents of other students. This is the key, I think.</p>

<p>colleges,
"Quote:
Why are the debts not much different between a public medical school student and a private medical school student? (median $150,000 vs $180,000) </p>

<p>Isn’t it because private schools, although more expensive on paper, have better FA? "</p>

<p>-This is contradictory to our experience. D. got a bit of $$ from one of her publics, not enough to change her mind, but nothing from privates. And as I pointed out, in her case total cost difference private vs public would be close to $30K, which explains perfectly the difference in debt.</p>