loan for medical school student
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Government May Be Cause, Not Solution, To Gen Y Economic Woes
CBS News recently ran a profile of Jason DeBonis and Katrina Lust, two medical students facing a "mountain" of student loan debt when they finally graduate and start their careers.
At first blush, the couple seems sympathetic. We see their tiny apartment. We see them eating modestly, and we see the foreboding amount of money the couple will have to eventually pay back — more than half a million dollars.
But take a closer look. In the report, the two are drinking Starbucks coffee, a pricy habit for a couple so worried about expenses. In another scene, we see a bottle of water on the table where they're eating a modest meal. But it isn't tap water. Or even bottled water. It's Vitamin Water, one of the more expensive brands of water on the market. Between them, the two have attended Columbia, NYU, and MIT, three of the most expensive schools in the world.
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AMSA Urges Medical Students To Consolidate Now - Potential To Save ...
USA - As of today, medical students across the nation have just one week to lock in some of the of the lowest rates in the history of the student loan program. On July 1, 2006, there will be an estimated 40% increase in student loan interest rates.
In light of this fast-approaching deadline, the American Medical Student Association (AMSA), the nation's largest, independent medical student organization, urges medical students to take advantage of this small window of opportunity to lock in the current interest rate.
Approximately 8 million people borrowed $60 billion this year alone for education loans issued or guaranteed by the federal government. This magnitude of debt has a major impact on the lives of student borrowers, with the combined debts of a medical school graduate typically ranging from $100,000 to $120,000.