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How To Afford Medical School | Do You Need To Be RICH To Become a Doctor?

The cost of medical school has increased significantly over the past 20 years and shows no sign of slowing down. If your dream is to become a doctor, but you're worried about how you'll be able to afford it, this video is for you. In the United States, medical school is an expensive ordeal. The average cost of medical school per year is about $50,000 for public schools and $60,000 for private schools. It should come as no surprise then that the average medical student will graduate with about $240,000 in student loan debt with $216,000 coming from medical school alone. If we take it a step further and consider current loan interest rates and the average amount of time it takes a physician to pay back their debt, the average physician will ultimately pay between $365,000 and $440,000 for their student loans. This is a tough pill to swallow if you're pursuing a career as a doctor. There are two fundamental solutions to affording medical school, you can either increase your financial resources or decrease your costs. We'll break down how to do both in this video. 💌 Sign up for my weekly newsletter - https://medschoolinsiders.com/newsletter 🌍 Website & blog - https://medschoolinsiders.com 📸 Instagram -   / medschoolinsiders   🐦 Twitter -   / medinsiders   🗣️ Facebook -   / medschoolinsiders   🎥 My Youtube Gear: https://kit.co/kevinjubbalmd/ 👀 Hand-Picked Productivity Tools: https://www.amazon.com/shop/medschool... 🎵My Study Playlist: https://open.spotify.com/user/1231934... TIMESTAMPS: 00:00 Introduction 00:27 The Cost of Medical School 01:55 How To Afford Medical School 02:12 Financial Aid 02:38 Scholarships and Grants 03:24 Side-Hustles 04:44 Loans 05:13 Decreasing Your Expenses 05:22 Choose an Affordable School 05:54 Minimize Your Expenses 06:56 Financial Mistakes to Avoid LINKS FROM VIDEO: Student Loans 101:    • Student Loans 101 | College & Medical...   Medical Student Financial Advice - The Good, Bad, & Useless:    • Medical Student Financial Advice - Th...   #studentloans #medicalschool #premed ==================== Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death. May include affiliate links to Amazon. As an Amazon Associate, I may earn a commission on qualifying purchases made through them (at no extra cost to you).