How To Pay For Medical School

" Drew is in Monroe Louisiana. -- drew welcome that I Ramsey show how are you tonight. I'm greatly appreciated. Sure so. Where did you graduate from and then watch."

" I'll -- you graduate from will get a tech university and biomedical engineering."

" Wow very cool very convert regulations. So how can -- help tonight."

" Largest graduate college I graduate to completely debt free your credit card -- note. I did this means. Scholarships -- apparent self. We also work they're college however in the fall I'm going to be going to -- chief medical school. And the picture cut me off they -- paper school completely normal Columbia having to take out. Approximately. About 36000 dollars per year in student loans to cover tuition. And living expenses. And I believe you know completely -- principles and being only catch only. I just wanted to know what your advice would be committee. And I'll be taking money out ritual over the next four years."

" Well the problem with -- you're doing is. Everybody does it number one and that makes it seem like it so was this the only way to do it -- that it's okay. But what everybody doesn't think about it all those students that don't make it through med school and then call me up with a 100000 dollars. In student loan debt and they do not have the MD. With you know and because the debt still there whether -- graduated and -- And so that's the huge. Risk that you're taking in this scenario. I would be exploring some of the drug companies some of the hospital companies. And start looking force and scholarships situations where you can enter into. Some kind of a situation where there's someone helped shoo in paying for this in return for a pledge from you work with them or for them later. Almost an indentured servant kind of a thing. The army's -- army or the military certainly does that. That they'll pay for. You know person to become a doctor in these situations within your pledge to become a military doctor for a number of years in return. And but you -- student loan debt. Didn't give up some earlier earning capacity in your early years but hospitals and particularly in the rule communities or in. Communities where their -- what we call underserved they're having trouble staffing them. Some of the hospital corporations will step up and help med students get through. In return for for contractual obligation to go to work for them for a certain number of years. I'd look for that coming a look at what's on the drug companies are lots of scholarship opportunities out there that life. And how I would spend this entire summer getting very very very creative and not just assume. That I've got to come out of this with a hundred a 150 dollars a student loan debt I think that's a dangerous. Way to go at this now if you graduate -- MD can you go back and pay that kind of money back sure people who and all the time. But some -- to keep student loan around for 225 years. Which is ludicrous so. You know you've got several. Different ways of looking at this I guess I am not in a fan of death. Talked to a lot of almost attorneys and a lot of almost doctors that are sitting on a hundred K and that scares me to death."