Paying for law/med school
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Anonymous
| For those who are full pay for undergrad, will you make your DC use loans to pay for law or med school or help them out? Both DCs talking about law/med, and we hadn’t planned for this. Because of our income they won’t qualify for aid. |
Anonymous
| If I can I will help out. And if I can get them through their education with no loans I will do that. |
Anonymous
Same. |
Anonymous
| For medical school, the military offers amazing scholarships and then you only owe four years. |
Anonymous
Can't they be declared independent for grad school and apply for loans that don't reflect your finances? I think it is increasingly becoming popular to work for a year or two, particularly before law school, which would make this even easier (plus they could save up a little bit, though probably not much). |
Anonymous
| One of my kids went to med school. He took loans for tuition, we paid all living expenses (apartment, old car, car insurance and food and board testing expenses). |
Anonymous
It wouldn't matter that you "qualified for aid." That's an undergrad thing. They don't give financial aid to law students. It's merit aid or student loans. |
Anonymous
They may have changed the commitment requirement- “Students accepted to the program pay no tuition and commission as officers into one of the four uniformed services before beginning classes. In return, they will complete an active duty service commitment upon graduating: seven years for the Army, Navy, and Air Force, and ten years for the Public Health Service.” |
Anonymous
| Honestly, I'd probably be more likely to help them with a house, wedding and college savings for any kids. I'd rather they have more ownership in their decision to invest in grad school. Some are very poor investments and many people decide they didnt really want to be a lawyer after going to law school as a default choice. |
Anonymous
| If you can do it easily, you do it - if you want to. It's such an individual decision. DD's med cohort of 80 students had about 1/3 parents paying. She guessed. Some parents who do eventually pay entirely, have the student take out loans initially and the parents pay the loans off later. I don't think students who go to the trouble to be admitted, change their mind because they will have loans. For law, I have seen parents say they will not pay for a low tier law school. Say it's not worth it. |
Anonymous
| We only have 1 who is thinking about law school and we'll help her to the best of our ability, but she's doing her part also by intentionally chasing massive merit aid for undergrad so she can save as much of her 529 as possible for law school. |
Anonymous
| We plan to pay for it. |
Anonymous
| It depends on where they go for undergrad then grad/law/med school. If they pick State schools, then we can pick up the tab for both for all our kids. |
Anonymous
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Our deal was always, we will pay for in-state or equivalent undergrad. It is what we saved for and can afford. We will help with grad school but really no guarantees to how much.
It looks like all our kids are grad school-bound but not immediately after college. Our niece, who is a doctor, will get her loans paid off this year through research she is currently doing. One of our kids wants to go to med school so this is guidance they are receiving. |
Anonymous
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Most private medical schools have parents paying. My spouse is on the admissions committee of one and >70% of their matriculants have parents paying cash.
It's a rich person's profession. |