Loans for Med School?

[CHH1023]

Do you guys think it's worth to take out personal loans for Caribbean medical schools? There are only 3 Caribbean med schools are qualified for US federal Standford loans but the tuition is crazily expensive, almost 5 times higher than those schools who doesn't offer federal loans.

Anyways, do you guys think it's worth to take out personal loans to attend a foreign med school?

[studentloansescape]

Important question here is do you have a choice?

It would depend on how good is your financial background is and whats the potential after graduating.If your finances are limited and you are not sure about the future subsequent to graduation.My suggestion would be a big NO.If thats not the case and the colleges are reputed to ensure you a good job that can help you repay the loan at the earliest,then can positively think of going ahead with a loan.

[DRILLINDK]

Tough call. Most of my friends that have attended these schools come from wealthy families where their parents are themselves professionals. They've more than likely couldn't get into US med schools and have the means to attend these Caribbean med schools. However, ALL of my friends have had financial support form their families to subsidize or pay in full their tuition to these schools.

I'm a dentist, and couldn't imagine having five times more student loan debt than I currently have earning the SAME amount of pay that my colleagues earn. I probably would wait a year and try to score better on the admissions test or do something to boost my resume to get accepted to a US school.

[CHH1023]

Originally Posted by studentloansescape

Important question here is do you have a choice?

It would depend on how good is your financial background is and whats the potential after graduating.If your finances are limited and you are not sure about the future subsequent to graduation.My suggestion would be a big NO.If thats not the case and the colleges are reputed to ensure you a good job that can help you repay the loan at the earliest,then can positively think of going ahead with a loan.

I think so, I have a good cGPA and sGPA in both undergrad and grad. But I haven't thought about applying for med school until recently mainly because I can't see blood.

[CHH1023]

Originally Posted by DRILLINDK

Tough call. Most of my friends that have attended these schools come from wealthy families where their parents are themselves professionals. They've more than likely couldn't get into US med schools and have the means to attend these Caribbean med schools. However, ALL of my friends have had financial support form their families to subsidize or pay in full their tuition to these schools.

I'm a dentist, and couldn't imagine having five times more student loan debt than I currently have earning the SAME amount of pay that my colleagues earn. I probably would wait a year and try to score better on the admissions test or do something to boost my resume to get accepted to a US school.

You're right, it's extremely expensive to go to a Caribbean med school (fully accredited and internationally recognized). It cost around 15~17K/semester at Ross University for total 10 semesters.

I have never taken a MCAT before, not even a practice one....

[Scanner]

Medicine/healthcare is no longer a path to an upper class existence. It certainly was in the Mercedez 80's. . .it just is no longer is true.

This is true of medicine/allopathy, dentistry, chiropractic, optometry, etc.

No, I don't think it's a good idea to take out personal loans for Carribean Medical School.

Good luck.

[disneysteve]

Why are you looking into Caribbean med schools? You say you have a good GPA. Is there some reason you can't apply to US med schools?