I was an Immigrant McDonalds worker and now a doctor with 500K in debt. No need to be rich :) just be willing to put the work, effort, sacrifice for a better future. Soon I will start my journey to pay this back. Will make videos on it :). Stay safe all !!! Note: If you are going to get in debt for education YOU BETTER FINISH IT !
@@bianca8583 Yep ! Crazy. At some point I will make my video showing the actual amount and everything. Thank god I made it and will be able to pay it back and someday be financially free.
As a rising medical student in fall ‘22, I’d love to see more financial topics like this, perhaps even a few more specific details from experience! Unreal content, can’t find this anywhere else.
You don’t need to be rich to attend medical school but you do need to be rich or well off if you want to apply or even have a chance of getting into medical school. MCAT prep, test is ridiculously expensive. Applying is also expensive. Interviews and touring if it’s not in your area is also expensive. All of these are obstacles that shouldn’t exist.
You can absolutely go to Medical school if you’re poor. My parents combined make about $70k per year. I am now a 3rd year medical student at a US MD school. I have lots of students loans, but I will make plenty enough to pay these back. Not having money is not an excuse to go to medical school in the US- that’s what loans are for 😊
Congrats man ! is what I said on my comment ! I used to be an immigrant McDonalds worker and now a doctor. STAY STRONG ! Debt will get pay later focus on your education
In Spain for example, public med school, which is actually better than the private ones, costs about 2k/year so it's quite affordable. Moreover, if you are a top student you can apply for special scholarships so you end up without the need to pay anything at all
In Italy, where I live, it depends by the salary. If the family income is very high it costs around 2.2k euros per year. If parents or the student don't have an average salary and can be considered poor the amount is 600 euros per year or so, the government reduces taxes according to money income
I live in Spain, and this true, I've heard that there are scholarships for those in families who can't afford the 2k (or 20k for private schools), I'm not a 100% sure since I'm still in high school and that is true here.
I'm so happy to live in a country with free education, it doesn't matter how much money you have, but what you know and how much you work for your results
@@bensonfang1868 the education isn't actually free, it's paid from taxes, just like free healthcare is. I know many situations where unfortunately people left my country and moved to another *european* country where doctors have good salaries, some can move to the usa as well and live there with the same salary as those who finished med school there and are now in debt. I don't care what my salary will be when i finish med school, i didn't choose it because of that, but i for sure don't want to live in debt for the big part of my life, while covering it all with "awesome salary"
The cost of medical school (and education in general) in the U.S. is absurd. Where I live government-run medical schools don't charge a tuition fee and private ones charge an average of 3K USD per semester. It was quite a number of years ago but I finished med school by paying the equivalent of a dollar per semester as "miscellaneous fee".
@@thiskneegrow It's possible since a third of my classmates went to the U.S. to practice. It involves taking exams (MLE) which I believe many International Medical Graduates (IMGs) go through. I have zero interest in going to the U.S. though, I'd rather go to another country like Australia (where my brother lives) if I wanted to migrate to another country.
I agree, these costs are humongous to me. I love the fact that here, in Poland, and in most of the European countries, higher education is easily available to everyone, no matter his parents wallet.
@@kordiandziwisz2859 I think the main problem is that in the U.S. education (and healthcare!) is treated as a business rather than something that should be made accessible to everybody. No wonder Americans get saddled in debts after graduating from school or incurring an illness that isn't covered or just partially covered by insurance.
Can low income people become doctors? Yes but the odds are stacked against you both as premed and as a student. This stacked odds explains why most doctors are from well off backgrounds.
Sorry but becoming a TikTok influencer to pay for med school isn't responsible advice to give to premeds. Medical School is insanely expensive and there aren't any RELIABLE shortcuts around paying it like there is for undergrad (where living at home and doing community college-to-state-college can keep tuition reasonable). And no, getting into one of 3 med schools with free tuition and acceptance rates bordering on 1% isn't reliable. The truth is that medicine is a great financial choice for wealthy kids and a restrictive, youth-destroying financial decision for poorer kids. If you're broke and go to med school you can expect to be almost half a million in the hole by age 30, forcing you to waste your best saving/investing years paying off cumbersome loans and force you to defer every major financial move even longer. If you're young, broke and gifted in math/science, the cold hard truth is that it's a much better financial decision to do four years of state school and go make money as an engineer, nurse or an accountant right at 22. There's a reason why medical students are so disproportionately wealthy; med school is only a financially smart decision for wealthy kids. If you come from a poor family and will get no help paying for medical school, only become a doctor if you're absolutely positive that it's your passion and you're willing to be broke and in debt for most of your life in order to pursue it.
I don't know if you made a video on this, but may you make a video on any financial mistakes one could make when in college, that could have effect in future of going to medical school or during medical school. I heard from someone that one such mistake would be taking loans to pay for college. Is there any more? Please make a video about this if not already made, otherwise if made please comment giving me a link to that video. Other than that thank you very much, I greatly appreciate the work you and the Med School Insiders team have put in for years. Please continue to do this work that is helping many, many people, including myself.
@MSI I think you should address loam forgiveness programs especially for students who go into primary care! National Health Service Corp offers loan forgiveness programs for physicians in certain specialities (IM, FM, Peds, Ob Gyn, Psych, I think) in exchange for up to 4 yr of service in Health Professional Shortage Areas, which are located throughout every state.
Hey Med School Insiders; In our public med schools Uganda, our government sponsors 40% of medical students based on academic merit. This has really helped us a lot. I thank our government for that 🙏
Thank you for making this video and discussing financial options for med school! I would also love to see a video about health informatics snice it’s a field in the health industry but not necessarily being a doctor
Dr. Jubbal thank you so much. You always post videos with amazing timing to my current issues (with the current being finances)I recommend this channel to every student that I meet.
Are Stocks really that profitable? Heard so much about the fluctuating market prices and complexity of reading chats and all that. I'll appreciate your feedback.
Yes it is but it's risky to do it yourself if you are inexperienced go get yourself someone good or you could look up *Nancy* *Lynn* *Lewis* on the internet.
Wow! I know Nancy. Met her sometime ago here in North Carolina during a fundraiser. Great speaker, full of humor and rhetorics too…”Mrs buy the dip “. Lol
Quick Question: You mention that cooking at home is a good way to help cut down on costs, but what about eating frozen food and instant food. They aren't really healthy but they are quick, cheap, and maybe even easy to make right?
They are but overtime, they'll take a significant toll on your health which will, in turn, negatively impact your performance in studying, clinical, staying focused, etc.
To lower tuition, move to Texas, make sure you are a resident for one full year and you will be eligible for low tuition medical school. Now that is real advice, and the tax burden in TX is low.
FYI Sometime federal student loans are not enough to cover American medical school tuition in 2022. Most likely, you will need a private loan where as an adult you will ask your parent to cosign. Or have a spouse with a good job.
Buying used textbooks and reselling your old books. WOW that might cover 2 weeks of coin laundry. Will make a serious dent in the borrowing amount. hihi
Hey I heard that people in medical school live off there loans. So the loan pays for there rent and other bills due to the idea that medical school you can’t work or the schools don’t want u to work. Is this true ? If so can anyone speak on it?
6:45 This implies that Dr.Jubbal either knew someone who frequented the strip club a bit too much in med school, or that he himself frequented it too much. Either way it's pretty funny
I appreciate all this to help! What do you think of being a writer as a side hustle to help pay for medical school? It’s flexible and does not require too much of you already have one or two books circulating
How do you feel seeing all the celebrities, the young RU-vidrs influencers, Instagram, models, etc. becoming millionaires with minimal schooling. Does it make you wanna quit? Did you ever think about maybe pursuing something in RU-vid or is it influence? What does it make you feel they might make more money with less education less responsibility? just something I was pondering and wanted to get an honest answer
Does anyone know how Med School Insiders do their amazing animations? I want to learn something similar but I'm not sure if anyone can do this or if you need to be a professional animator...
This is very unhelpful. Middle-class students have a VERY hard time qualifying for any kind of financial aid. Just give up if you're pursuing a career in medicine coming from a middle-class family who will not support you. It's depressing.