ToHellInAHandbasket Posted March 17, 2009 Report Share Posted March 17, 2009 Just an informal poll.... Are most of you surviving on loans and Ramen noodles? Savings/investments? Your current job? Scholarships/bursaries/awards? Trust funds? Link to comment Share on other sites More sharing options...
w8kg6 Posted March 17, 2009 Report Share Posted March 17, 2009 I figure if I actually get in, I'll go and buy a lotto ticket. If my luck holds true on the day I'am accepted, then I'll have nothing to worry about. Link to comment Share on other sites More sharing options...
Octavius Posted March 17, 2009 Report Share Posted March 17, 2009 No choice but LOC, IF I get in. Link to comment Share on other sites More sharing options...
NewfieMike Posted March 17, 2009 Report Share Posted March 17, 2009 Same here. My parents hooked me up with undergrad tuition fees, but I'm on my own after that Link to comment Share on other sites More sharing options...
svp2k5 Posted March 17, 2009 Report Share Posted March 17, 2009 Line of Credit contributes the most to my tuition/living expenses, etc. OSAP (if you are from ontario) is another great resource. You get $14,000 the first two years, then $18,000 in 3rd year and $11,000 in 4th year. Of this you need to repay $7,000 in years 1, 2 and 4 and $10500 in year 3. This happens because OSAP forgives any loan over $3500/semester. As well, there are many bursary's and need based awards. I believe that I have gotten at least $4,000/yr from these (some classmates were getting up to $10,000). There are also a ton of in class awards. These awards are usually specialty specific, so there is an award for someone who has shown interest in family medicine/surgery, etc. Funding of med school is not as difficult as it seems. The line of credit has an interest rate at prime. I have found that the best one is through royal bank. As well, banks are pretty willing to increase the amount of money on the line of credit, depending on your previous debt, etc. Link to comment Share on other sites More sharing options...
Kathryn Posted March 17, 2009 Report Share Posted March 17, 2009 I'm going to rely on substantial savings for tuition and general cash flow for living expenses, but if I come up short (and I almost certainly will) I'm going to go for OSAP too. Just because of the loan-forgiveness thing. I did the LOC thing in undergrad and I found that paying the monthly interest was taking a big bite out of my cash flow. And that was just on $25 000, don't even want to know what the payment would be on one twice that. Link to comment Share on other sites More sharing options...
medbound Posted March 17, 2009 Report Share Posted March 17, 2009 My parents are going to pay my way through, which is absolutely amazing. Link to comment Share on other sites More sharing options...
leviathan Posted March 17, 2009 Report Share Posted March 17, 2009 Line of Credit ($200k) plus Ramen noodles, plus Kraft Dinner, plus Chef Boyardee. Link to comment Share on other sites More sharing options...
lostintime Posted March 17, 2009 Report Share Posted March 17, 2009 Lol it's not even just the cost of Ramen noodles that makes it great. It's the convenience... Link to comment Share on other sites More sharing options...
Kathryn Posted March 17, 2009 Report Share Posted March 17, 2009 Lol it's not even just the cost of Ramen noodles that makes it great. It's the convenience... And the delicious meat-flavored salt. Link to comment Share on other sites More sharing options...
leviathan Posted March 17, 2009 Report Share Posted March 17, 2009 Lol it's not even just the cost of Ramen noodles that makes it great. It's the convenience... Yea, making Ramen noodles frees up at least another hour of study time! Also, going to club meetings, studying in the back, and then eating the free pizza afterwards is a great way to save money and time. Link to comment Share on other sites More sharing options...
lost__in__space Posted March 17, 2009 Report Share Posted March 17, 2009 But not no name ramen...... stick to the "brand name" stuff. Worst meal ever. Link to comment Share on other sites More sharing options...
lostintime Posted March 17, 2009 Report Share Posted March 17, 2009 Yea, making Ramen noodles frees up at least another hour of study time! Also, going to club meetings, studying in the back, and then eating the free pizza afterwards is a great way to save money and time. ORR...simply just an extra hour to lie around and sleep. Or watch a movie. Or surf the net and procrastinate and feel more justified doing so because you probably would've spent the time cooking BUT aha, thanks to Ramen, you did not, so you get the extra procrastination hour WITHOUT feeling quite AS guilty. Link to comment Share on other sites More sharing options...
kaymcee Posted March 18, 2009 Report Share Posted March 18, 2009 It's fun looking around, noticing that I own absolutely zero of what surrounds me. Thanks, National Bank! Link to comment Share on other sites More sharing options...
Jochi1543 Posted March 18, 2009 Report Share Posted March 18, 2009 Gonna have to be loans + dad, and working as much as I can without driving myself insane. Link to comment Share on other sites More sharing options...
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