I am very interested in attending Ross next year. The Ross Website indicates that the approximate total cost for all four years of Med School, including room & board is: $ 186,627. This is the exact link:
1. Ok, I will not have any income during medical school, zero, zilch. So can I take out loans to cover all of these huge expenses? In other words, will loans alone be sufficient to cover $186,627 ?
2. After finishing school and residency, if I go into Internal Medicine, and start out with a salary of approximately, $120 k, how long would it take to pay off this tremendous debt?? From my calculations, if you subtract taxes, malpractice insurance, costs of living (by then, I will probably have my own family).....after all of these subtractions....it seems it would take about 20 years to pay off my loans !! Are my estimates accurate?? Can someone please give some feedback about that?
Yes, I chose medicine for the right reasons: I want to help people and I love studying medicine . But I still want to be able to pay off my debt and live a decent life.
Any feedback would be greatly appreciated.