Can I afford to study medicine?

October 25, 2013

Article by Global Pre-Meds
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Most medical students face a common hurdle – finance. The cost of tuition, living and boarding expenses work out to a tidy sum and most students find this unaffordable. If you are one of them and are wondering if you will be able to afford to become a doctor, read on…

 

Student Anna learning how to weigh a baby on the neonatal unit in Tanzania. The Best Options For Financing Your Medical School Dreams 

Though there is no magic strategy to make medical school education more affordable, there are definitely some things you can do to reduce the financial burden that you will be carrying. You must chalk out a plan of action to figure out what will work best for you in terms of affordability. Even before you decide how you are going to organize and manage finances, understand exactly what costs are involved. Here are the things that you will have to do: 

Factors such as academic achievement, financial need and any affiliation with specific organizations play a part in scholarship eligibility. In some cases, this might be dependent on a service obligation that you are willing to take up. Conduct a sufficient amount of research, identify the scholarships that are available and ensure that you fill out all the necessary applications before their respective deadlines.

 

 

 

Draw A Game Plan

The important thing is to establish a working relationship with a good financial aid officer. They are aware of all the technicalities and workings of medical school funding and will be able to help you with details and solutions. Most importantly, start early. Planning in advance gives you the most scope to zero-in on solutions that suit you the best.