Medical school is expensive, as everyone knows. The Association of American Medical Colleges tells us that annual tuition and fees at state medical schools in 2010-2011 averaged $25,000 for in-state residents and $48,000 for non-residents. Out of state residents at private medical schools paid even more, and these figures don’t include living expenses and housing.
Fortunately, there are lots of sources of financial aid available; but it’s important to take care with your discretionary spending while you’re in medical school so that you don’t graduate with unmanageable debt. Which brings up the question: how can you have live your life and have fun while you’re in medical school? In this episode of The Short Coat, financial aid counselor Penny Rembolt talks with students Molly Calabria, Priyanka Rao, Tyler Gunn, and Will Zeitler about their methods for saving money while having a good time in medical school.