what are some of the ways to fund my medical education other than student loan?
I dont want to be in debt lol. however, I know it is impossible to not be in debt. but is there any ways I can go now to reduce my debt in the future? like saving money from now on? then my question would be, what type of saving I should look into? I will go to medical school in 3 years
No tags for this post.
February 17th, 2010 at 4:44 pm
First of all, you do NOT ‘enlist’ or ‘join’ the military to get them to pay for med school. Don’t do this! Instead what you want to know about is the Health Professionals Scholarship Program (HPSP). In a nutshell, they will pay your med school and give you a stipend. In exchange, you owe them active duty military service for each year of your medical school PLUS residency. You will automatically be commissioned as an O-2 officer (2nd Lt in Army/AF or Lt. Jg in the Navy) when you finish your residency. In addition to your med school, you will need to attend some military leadership training programs but you don’t go to boot-camp like the enlistees do. Most residencies are at least 3 years so seven years is the typical committment.
It’s very important you understand the fine lines of this program especially when it pertains to residency choices; there are a lot of things you need to make clear before you sign anything. The military will own you once you make your committment. Be careful who you talk to also. Your typical military recruiter knows nothing about this program and will instead confuse and trick you into enlisting (they are like used car salesmans).