The Public Service Loan Forgiveness Program is Broken
Former co-host and now PM&R Doctor Cole Cheney returns for a discussion of what he’s discovered about the Public Service Loan Forgiveness Program, which rewards careers in public service by forgiving student loans after 10 years of qualifying work. The first 11 years have passed since its inception, and you’ll never guess how many people have had their loans forgiven. Aline Sandouk, Dylan Todd, Brady Campbell, and financial aid counselor Chris Roling were on hand for a discussion of why you’ll want to have a backup plan to pay off your med school debt.
This Week in Medical News
A study looks at whether we’re ready for whole genome sequencing as a screening tool for newborn babies. We discuss whether teenagers are capable of withstanding the rigors of medical school. And an we explore the ‘confidence gap’ between men and women in medicine and whether it’s even important.
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While Dave and the crew try a recipe from the Med School Success Cookbook, they consider listener Imari’s question: how much did co-hosts Aline Sandouk, Eric Schnieders, Gabe Conley, and Irisa Mahaparn think about money when choosing a medical school? While it’s important to know what your financial standing will be when you graduate, including your loans and how they’re affected by scholarships and living situation, we think there are more important things to think about. And Maggie has noticed many med schools have co-ed fraternities and wants our thoughts on their benefits for students. Happy to help explore this interesting and fun possibility for lowering costs, sharing responsibilities, and joining a new med school fam, Maggie!
This Week in Medical News
Now that the Large Hadron Collider has finished tearing a hole in the universe, researchers are using the technology in its subatomic particle detectors to create 3D color x-rays. And CRISPR-Cas9 has proved to be an excellent tool for editing genomes…and also tearing them up and spitting them back out with all kinds of errors and random deletions. Perhaps the honeymoon is over!
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.