Going to Medical school is a huge commitment both in time and finances and the decision should not be taken lightly. A large and often overlooked part of making the decision is if medical school will be financially worth it to you. To help you gain a better understanding of the costs let's run through a normal scenario.
It's Okay to Have Fun
The first thing that you should do is acknowledge that you have personal needs. While your first priority should be your schooling, it is unrealistic to assume that your needs can continue to take a backseat. Managing college is not about strangling your desires for sleep, food, or fun; it's about learning to incorporate everything into your schedule. So don't feel guilty for going out with friends and having a good time, just make sure that you do so responsibly and that you are in control over your schedule.
Be Ready to Sacrifice
While there is nothing wrong with taking a well-deserved break every once in a while, you should also be ready to sacrifice your enjoyment when something threatens your priorities. Although there may be a number of parties or social events that you are able to take part in throughout the semester, there will also inevitably be one or two occasions where you will have to choose between going out with friends and writing a paper which is due the next day. The best way to combat this is to decide ahead of time that you will always turn in great work to your professors. That way you can hold yourself to a high academic standard, which will prompt you to schedule out your week in advance so you can have your assignments done before party time.
Stay Organized
We will take into account your age. Assuming you started college at 18 and left promptly at 12 you are around 22 when you start medical school. After seven years you are now pushing thirty. This means that at age forty you will be making less than $50,000 a year if you choose to pay off your school debt in ten year (fifty if you opt for twenty years). There are also additional debts of a home and cars that you will need to plan for. After you pay off the debt then you can start reaping the benefits. After age forty you will have over $150,000 or more dropping in your account each year (assuming taxes and raises). If you plan on working into your sixties you will be able to amass wealth to enjoy in retirement.
Attempting to balance your college life can seem impossible, but it will work if you put forth the effort. Whether you're going to college in Miami or Idaho Falls, these principles will help you to have the best college experience you can ask for.
It's Okay to Have Fun
The first thing that you should do is acknowledge that you have personal needs. While your first priority should be your schooling, it is unrealistic to assume that your needs can continue to take a backseat. Managing college is not about strangling your desires for sleep, food, or fun; it's about learning to incorporate everything into your schedule. So don't feel guilty for going out with friends and having a good time, just make sure that you do so responsibly and that you are in control over your schedule.
Be Ready to Sacrifice
While there is nothing wrong with taking a well-deserved break every once in a while, you should also be ready to sacrifice your enjoyment when something threatens your priorities. Although there may be a number of parties or social events that you are able to take part in throughout the semester, there will also inevitably be one or two occasions where you will have to choose between going out with friends and writing a paper which is due the next day. The best way to combat this is to decide ahead of time that you will always turn in great work to your professors. That way you can hold yourself to a high academic standard, which will prompt you to schedule out your week in advance so you can have your assignments done before party time.
Stay Organized
We will take into account your age. Assuming you started college at 18 and left promptly at 12 you are around 22 when you start medical school. After seven years you are now pushing thirty. This means that at age forty you will be making less than $50,000 a year if you choose to pay off your school debt in ten year (fifty if you opt for twenty years). There are also additional debts of a home and cars that you will need to plan for. After you pay off the debt then you can start reaping the benefits. After age forty you will have over $150,000 or more dropping in your account each year (assuming taxes and raises). If you plan on working into your sixties you will be able to amass wealth to enjoy in retirement.
Attempting to balance your college life can seem impossible, but it will work if you put forth the effort. Whether you're going to college in Miami or Idaho Falls, these principles will help you to have the best college experience you can ask for.
About the Author:
The Stevens Henager Idaho Falls branch campus is designed to encourage educational activities, social events, and career services. This location offers Internet access, tutors, and a supportive staff to assist students.
No comments:
Post a Comment