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Reply to "Paying for law/med school"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote] Bullshit. Med school AdComs don't know that applicant parents are paying or paying in cash. Why spread lies like this? [/quote] Huh? Not bull shit at all. They find out the demographics of the incoming class after the fact. The percentage of kids taking loans is carefully monitored by any medical school as it's a concern of the office. [/quote] Uh huh. That doesn't mean they know that it's 70 percent parents paying in cash. [/quote] He said matriculants, not applicants. I believe it. I know a lot of doctors and those studying to be. With almost no exception, they are all wealthy. They’re hard workers for sure, but the lack of financial worry makes it a smoother ride. [/quote] Depends who you know then. Half of my ivy med school was on loans, the other half had parents paying. I remain in contact with many at the school who are on admissions comm as I once was, and more than half take out loans now. They also have a lot more merit to offer now. No ad comms would know if parents were paying, btw. Only bursar would know. That is BS. Of my current large multispecialty practice, docs aged 33-59, 40% of us took out full loans, the rest had partial to full parent support. [/quote] PP. You’re absolutely right. I should have emphasized those studying to be doctors and didn’t. I do feel a shift in those going into medicine now, I really do. [/quote]
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