Cost of Medical School | How to Save $250,000 #SHORTS

Medical school can be ridiculously expensive, and the average medical student graduates with around $240,000 in student loans. Most of these loans come from medical school tuition, which is about $55,000 a year. With such high costs, how can you find the funding to cover your education?

The first source of funding is through you and your family’s savings. However, this doesn’t apply to everyone, and it certainly won’t be the main source of funding.

The second source is student loans. There are three categories of loans: federal, school, and private. Federal and school loans have more favorable terms than private loans, and you should always choose federal or school loans first. However, your financial aid will depend on multiple factors like your family’s finances and what your school has to offer.

The third source is scholarships and grants. Most schools have a list of annual scholarships and grants, many of which you may be eligible for. You might also find additional grants and scholarships online. And lastly, if you’re accepted to multiple schools, contact your admissions office and ask them about any extra scholarships, which might incentivize you to choose them.

To learn more, check out the full video:

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Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death. May include affiliate links to Amazon. As an Amazon Associate, I may earn a commission on qualifying purchases made through them (at no extra cost to you).

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