I don’t feel like money is preventing me from being a doctor which is why I never understand my friends anxieties for it. My parents aren’t rich, hell they aren’t even middle class, so I don’t mind owing in order to become a physician. But I know the stress will hit me after i officially become one 😂
I just can’t believe people actually pay this amount?!? In the UK it used to be free, now it’s fixed at £9000 a year, and it takes 5 years of university to be a qualified junior doctor, and we constantly have strikes and marches to bring the price back down! That’s absolutely insane what you pay over there.. 😱
Keira Manners doctors in the U.k. also do not make nearly as much as they do in the US. If it was truly outrageous there wouldn't be 100s of thousands of people lining up trying to take 350k in debt to become a doctor. It is still worth it because it pays off in the long run.
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I plan on when I turn 16( in two months:), putting some money off for med school, college(which Ill hopefully get paid to go to school but just in case) and traveling, and then the rest for me to spend on gas and hanging out with friends and stuff. Although it will be a small percentage for everything I feel like even if I don’t pay everything off, it will still help me in the long run. It will also teach me some spending habits. I don’t know the exact percentages but I’ll make it reasonable with my “lifestyle”
I suggest only taking out what you need. There’s a grace period where you can return the money. Just because the loans starts building interest right when you pull it out. Congratulations!!
Jenny Le yep, i took out the absolute bare minimum without feeling restricted, and I think it was a good decision considering how much debt I’ll be in! Thank you so much! It means a lot coming from you :)
This is a frequent subject of my nightmares. I'm an MS2 at an MD school and even with scholarships, it is ROUGH. I'm looking at family med though and live in a state that has a few state sponsored loan forgiveness programs for primary care docs. Keeping my fingers crossed for those! Love your videos Jenny!
This is truly something I think about EVERY DAY. Right now I’m a pre-med student in undergrad, and I am paying completely for undergrad. I have nothing set up because my parents did have a savings for it however my little sister was diagnosed with cancer and it was a lengthy fight and all of those savings went out. My parents make too much for any federal funding, so my college is full cost and all on me. I’ll have so many loans from undergrad and then from medical school- SO stressful!!!
I am sorry to hear about your sister. My prayers goes out to you and your family. If you do become a successful physician, paying back these loans won’t be as daunting when you have more disposable income.
Yes! You're right. Currently working as a CNA (60-80 hours during the summer) and about 24 hours during the school year so I can keep my grades up. And thanks for your thoughts, she was the very best and her doctors are the reason I want to go into medicine.
Hey Jenny! First year Family Med resident here. Some states offer rural physician scholarship programs. They will pay for x years of medical school, and in return you come back to work for the same number of years in a rural area within the state.
Oh yes!! My friend is working in her home town doing primary care they they’re paying back her loans in 4 years. I think she signed with them as a intern!
Literally the first channel I found that has every video I am interested in watching. Im so glad you have ads on your videos so you have that money! I am currently 17 trying to become a radiologist and your channel is hands down the most helpful!!
I totally agree that it’s worth it to invest in your education and then pay back the loans for medical school. Every year you spend at a lower paying job saving up is one year that you won’t be making your new larger salary. You have to think about the opportunity cost of putting off your education
Thank you for making this! As much as I like Dave's advice (because some people really need it and that works best for their situation). His advice for people in professional school is just not realistic. A person can only do so much before reaching mental exhaustion. And even if a person had the mental ability to do that, there's only so much time in a day! Truthfully, if professional school wasn't so expensive and the prices didn't keep increasing, then I would love to finish my B.S. in biology and apply. But I also know I'd be drowning in debt and there's that voice in my head that is like, "If you aren't smart enough then you'll drown in debt and be a bad doctor in a specialty you don't like and then you'll RUIN YOUR LIFE." It made me so anxious that I switched my degree to accounting for the "safe" career. I wish something would change with these schools so they'd be held accountable for their insane tuition costs.
Omgeee!!! I’m so glad you broke this down, I did not know if you got private loans it prohibits you from those loan repayment options for the govt loans. 😨😳😳😳 as im coming up on my junior year and looking at the cost I was thinking I would have to take out private to cover what the govt loan didn’t. I don’t have rich parents either lol
Love your videos & how open you are! It's so nice to hear you speak about topics that others avoid. I'm taking the MCAT September 1st & applying next cycle. You have taught me so much about medical school, and I'm so thankful!
Thank you for making this video and being transparent. You make me so happy and make me want to be a greater doctor to be honest. I'm glad you're more emotionally driven to be a mother in medical school, proud subscriber here. I love MedTube 💓
I'm not a doctor, but whenever I hear Dave tell a med student to get a "side gig" I have to let out a bit of a belly laugh. Man, you spend most of medical school trying to get 8 hours of sleep a day. It seems like the best way for doctors to pay off their debt is go to disadvantaged areas where they'll pay you more. I'd be curious to know how much the bump is, might be a good video Jehny.
Hey Jenny! So this is why I said so: I'm aware that not every physician is careless, however, in the years that I have volunteered/worked in medical facilities in a disadvantaged area (where I reside, AND want to continue working), I've encountered many physicians that do not care for the people they are servicing, either because they are too "ghetto" or they don't understand the language/culture. They are only in the community because they get some deduction on their loans. And I am not assuming this, these doctors have voiced such things themselves. But this is just my opinion from experience.
Could you do an video about everything it takes on becoming a doctor and what you should do after high school? I’m a senior this year and I’ve been saying I wanted to become a doctor since I was 4. I don’t know what type of doctor yet but I’m still working on that. If you could tell me tips and tricks and what you did? That would really help. Thank you so much. 😘
You’ve been so inspirational! I’m starting a chiropractic physician degree this year and I have two girls ( 4month and a 2 year old), and you’re videos have been encouraging!
Paola Lasanta you should watch some Dave Ramsey videos with people who went to chiropractic school before you start... I’m 😐 sorry. Not saying you should follow his plan, I just want you to hear some of these people’s stories.
Here med school is 6 years and it costs 1700 every year not including books. And we can pay in 5 terms during the year so we're actually able to work & pay immediately!
Z Cart. Honestly almost all jobs get paid more in America..like nurses make 40k-50k a year here on average. Not a lot of jobs get you close to 100k. The salary of a family doctor is 8k a month, the salary of a cardiologist is 11k a month and the salary of a neurosurgeon like is 35k a month (based on what I've been told by family members with the job). Meanwhile the average income of someone living here is like 2.8k. The cost of living is cheaper here than it is there tho.
I am 17 years old and want to be a radiation oncologist this year when i graduate i am deciding to enroll in a phlebotomy school and become a certified hair and makeup artist after that when i attend college i will have 4 years to save as much money as i can in this way i can decrease my stress about worrying for med school. I'll be a hair and makeup artist part time, full time i can be a phlebotomist, i already have a part time job. This is my plan
1). I also suggest if you're married and you have a dual income, if one spouse can supplement all of the living expenses or atleast a majority of it (if ur husband or wife do not have any debt). This was an option for one of my friends, her husband payed for all the living expenses and she used her earning to pay off her debt quick. Note if you're already in debt and finished getting ur degree this advice prob wont help. 2). The military is a great option for those who can't afford college, you get housing allowance every month (if u attend full time) and $22,000 to ur tuition. Alot of colleges offer the yellow ribbon program for military veterans that might pay the rest of the tuition if the g.i bill doesn't cover all of it. Alot of people seems to be wary of joining but honestly it was probably one of the easiest 4 years of my life, i got a chance to travel alot, got job training, got a chance to go to school for free while I was in too ( knock out some credits). I was a medic in the army, btw.
I really do love your channel. You are not only smart, but you are beautiful from the inside out. I am a college grad (journalism, degree, no job in my field) trying to get my masters in finance, but I racked up about $32,000 worth of loan debt and Im hesitant to go back to grad school because I refuse to take out loans so Im trying to pay for one class a semester lol I know thos has nothing to do with medical school, but I would love your advice.
I really never realized or thought about the fact that private loans wouldn't qualify you for the repayment programs I heard you talk about before. I guess my brain completely forgot to register the fact that these were government programs and have nothing to do with private loans. I thought the only downside to private loans were high interest rates, now I know better.
Thank you for this video. I was just talking to my friend at rwjms in NJ about paying for school. And although I feel that my chances are slim, and your numbers def show that my chances are slim, I can find alternatives to live a happy life and heal people in another way. I always just have this fantasy that some doctor would just be like "You don't have enough money? I'll give you some... pay me back no interest when you're done!" hhahahaha.
What medics school did you attend? How many schools did you apply to? What was the process of elimination? I’m sure you answered this before, I’m new to your channel, so if anyone knows the answer to these questions for the Doctor above please let me know.
Hi I am looking to hopefully get into medical school as a non traditional student who is a veteran. Years ago for those who joined the Military while in residency the Military would pay $45k towards loans and give the doctor a monthly stipend of $1200 a month then you would do a year of service for each year paid with a minimum of 2years so not sure of the current rates. As a non traditional student I want to consider Family Medicine as an option, yet I am weighing in on maybe not doing medical school over the cost now because of that as I would be 50 finishing residency and maybe not make enough money as a non traditional student.
On a related note...could you talk about people who go into medicine primarily (or even secondarily) "for the money" and whether that is a good idea and what their alternatives might be?
WORST. IDEA. EVER! Becoming a doctor is hard work. Those who are not in it for the right reasons could fail out of med school and be stuck with this huge debt without any way to pay it. Being a doctor is hard work. We don’t get compensated as greatly as people think we do. If you want to be rich go into something else like investment banking.
It is so great that you take the time to communicate this information. Us dental students are in an even worse position in regards to debt haha. It's not impossible though! Great video.
Wait, you said not to work during medical school. If you don't mind me asking, how are you yourself able to pay for bills/everyday expenses since you are in med school?
Hey Jenny! Super random but in your last video you made a video about the new coffee you’re drinking. Are there any probiotics that you drink? What vitamins/energy supplements do you tend to use to boost your energy during your first two years of school when you had to study in the evenings after going to class? I tend to feel groggy and I’m still really young. I get worried I’ll get tired easily once I’m in school which is counterintuitive since I am still “young”
I love your content... I've been watching you for a couple of years now, and to hear your input always gives me a growing perspective as to what to hope towards in my own dreams and aspirations...
@@drjennale Thank you for giving the world a looking glass (TH-cam channel) into your world... Everything is genuine, and I always learn something from watching you. I really appreciate your presence online...💕🌹
This is so crazy I’m about to be a freshmen in college and I have known for a few years not that I want to be a neurosurgeon, the debt amount never really scared me I knew I would be in debt but I love being able to help people but I honestly never realized how competitive it actually is, I want to me an amazing surgeon but I don’t want to stress about not being better then the person next to me
schools will probably just keep rising tuition until it really becomes not worth it to go to med school. As physician salaries keep going up, schools wont stop hiking tuition. I think if the debt is like 1.5 to 2million on avg and the avg salary is 300k, we will see a halt of future physicians.
Are you still doing intermittent fasting? If so can you make a video on it! Been looking into it recently. Love all of your wonderful content!! You are such an amazing mom and doctor!
I have never met a physician who is unable to pay back their loans. Some might take longer than others depending on their salary and how serious they are about paying it off. The one great thing about being a physician is that I know I will always have a job.
I took out enough to pay for rent, bills, food, gas ... basically everything lol. Cost of living and how much you will need depends on where you go to medical school
Exactly! I went to pharmacy school- and finished under 18k total debt. But it was so dumb seeing colleagues living the lifestyle before the paycheck. Living in nice neighborhoods, driving nice cars, going on vacations, buying expensive shit while in school (purses, makeup, going out, etc). I had 2 jobs during most of pharmacy school. 2 jobs. Get it done, don’t make stupid lifestyle choices. I have a student who is not even 21yrs old who has already saved enough money for her first pharmacy school year. She’s still on schedule and not behind any years in college. She works her butt off. And trust I’ll be helping her on her way up.
Hi Jenny! I will be applying for pharmacy school for next year’s cycle. When you mentioned about your cousin being in debt for private loans...I was wondering if all pharmacy schools offer private and government loans? Or is it certain pharm schools offer certain government loans only? Thank you for making this wonderful, informative video!!
Wtf my country If you are selected in government medical colleges it is free. But merit is very hogh almost you need 91% in every subject. But say you were not able to make in government medical college you can then go to private medical college which is recognised by who has fee of almost 9000 dollars each year so five years will require 45000 dollars for whole med school
I am lucky to be able to go to a school where I won't accumulate an insane amount of debt if I am smart. I anticipate being under 150k in debt at the end. (Not a lot right?? lol) Thank you for your videos Jenny. I definitely think money should not be a worry during school because we have so many other things to worry about. Putting my journey up on TH-cam if you're interested! - Aaron
its still worth it. I think the limit will be around 1.5mil to 2mil debt on the current salary. that will be the point where its objectively not worth it
51k students applying for 21k seats! 😥 And you call it difficult to get into Med school in the US? 🙃 Here in India about 1.3 million students apply for nearly 51k seats that too when I include dentistry seats as well(3.92% acceptance). Moreover nearly 30% of these seats are reserved for backward classes and caste based reservations. Hence the acceptance rate goes further down below 2% if I separate dentistry seats and reserved seats. You all are really lucky to have such a large number of seats for so less number of applicants. Here an average student has to make minimum 2-3 attempts in NEET( our MCAT ) to make it to a med school. 😅 I wish I was born in US and could pursue my dream of becoming a Doctor. ☺
Parents should start saving up for their kids when they are born. So, let me explain!! In my childhood (till age 12/13) we lived a great life. Had money. Went to holidays multiple times a year. My parents thought the money would stay. But it didn’t. The company of my father bankrupted. They didn’t save up. Now we (sister, mother and myself) live paycheck to paycheck. I’m 23 right now and don’t have my drivers license or even a car. (In Germany it’s pretty expensive +-2000€ ~ +-2300$). I’m in college and still live with my mother because rent in Frankfurt is so expensive. I work at the airport but it’s not enough to move out. I’m so happy that college is just 800€ a year (and not like in the US). I have friends who got their drivers license at 18 yo and a new car. They are in college with me but in their own apartments. And how? Their parents saved up. I’m not saying that I’m mad at my mother but it would make life much more convenient. Now I learned how not to do it because I live it right now. I want my kids to live better and more comfortable than me. Just a post about how I feel :) and I don’t really know it it suits for This Video but I just wanted to share :)
well, that sounds like a great way to spoil kids, if they dont have to pay for anything, kids will never grow up, this "i deserve" entitlement is getting outta control here in usa, and now europe too
Hi Jenny, I’m new to your channel and really enjoying your content. I’m just curious whether you know anyone who is in an MD/PhD program and whether they think it’s worth not having to pay for med school tuition?
I feel like when u grow up in poverty. Your family looks at u like u have two heads when u say u want to go medical school almost like they don’t believe in u. Did u have any reactions like that or when u decided to have a baby during medical school
My family was poor but we always believed that higher education was the key to a better future. As for having a baby, it didn’t really slow me down from reaching my goals so there’s nothing negative anyone can really say about that.
How did your cousin get in close to 400,000 dollars of debt for pharmacy school? That is a lot. I am going to have about 150,000 dollars in student loans when I graduate from pharmacy school and I think I could have done better than that.
I have a friend who went to school to be a pharmasist and ended up with about 300k in student loans. All depends on the costs of the school you're accepted into / living expenses.
Yes it does! But these programs are extraordinary competitive. I have two friends who are in an MD/PhD program and their tuition is covered, plus they get the same stipend that the PhD students get (~40k of extra income a year). I think both friends who are in the program have class sizes of 12 and 15, extremely small.
Sapphyre Sprinklez do you know how long it takes them to complete the degree? And also does stipend apply to the years they do research or the entire time they’re in the program?
Remy Vu Remy Vu I’m a non traditional student and interested in this pathway as well. From what I know you can matriculate into an MD/PhD program OR you can decide after your first year (MS-1) that you want to apply. Depending on the situation it can take anywhere from 6-8 years, I’ve come to the conclusion based on people I’ve met that an average would probably be 7-8 years. You start lab rotations before you begin your first year of academic medical school curriculum, then you begin your MS-1 year. Between MS-1 and MS-2 academic years, you don’t get your summer off, you work in the lab, in fact you don’t get any summers off. Then you go back and complete MS-2. You leave your cohort and during the summer you complete Step-1/clerkship/rotation. After step-1 you work in the lab, for however long it takes you to complete your work. Could be 2 years, could be 4, it’s dependent on how strong of a scientist you are and dedicated you are. During those years, you complete graduate school coursework as well, nothing too rigorous because most of your Academic medical school courses count towards the PhD pathway as well. You complete any graduate qualifying exams, defend your thesis and then join the next cohort for the last two years of medical school, take your steps....BUT to be marketable you should consider a post-doc before or after residency. So that’s going to add an additional 2-3 years but it’s not mandatory. The grant covers all of your years of tuition from beginning to end, and the stipend is dependent on the school, I believe some schools pay for the years you are working on your thesis but tuition is cover for all years (I believe Duke is one, don’t quote me) and others the stipend is for all 7-8 years (ISMMS, northwestern are two that I can think of off the top of my head). I would suggest that if you’re interested in this pathway, have extensive research experience and have published in a major science journal. Both of my friends and people on the admissions committee that I’ve talked with at the hospital I work at have mentioned that that is very important, both of my friends had published 4 and 5 papers and had 3.9 and 4.0 GPAs respectively.
Med schools don’t have GPAs. They have class rank - how you compare to your peers. I’m sure they take that more into consideration in competitive residencies.
Jenny Le if so, if you were to be a very low rank compare to your peers then what would be your chance of getting in to residency? Would you still consider as passing? Would you get drop out automatically or is that something that you yourself decided to do? Would you still be able to graduate or get a job? How is med school compare to college if they fail a class or is scored lower than other peers?
I'm a bit confused, if the federal aggregate limit for medical school loans is $224,000, then how do some doctors have upwards of $500,000 in student loan debt? Is this mostly from the interest? Or combination of federal and private loans? Great video.
I have all federal loans. I do not believe there is a limit. Most medical students I know graduated with around 200-300 in school debt. I was talking to some preceptors who said they had fluctuating interest loans where their interest would go up to 17-21%
@@drjennale that is my biggest concern with medical school and why I was considering the PA/NP route. I need to double check my info on the borrowing limits. Thanks for the reply.
I’m a community college student now, in my freshman year, and had to use a private loan (Sallie Mae) because my parents income didn’t qualify me for assistance at my school. Do you think that’ll be similar to how private loans for med school are?
![ILLSLICK - KILLSHOT REMIX [FULL VERSION]](http://i.ytimg.com/vi/RIK8RrqIAzE/mqdefault.jpg)
You know what's crazy. How people who want to save lives have to pay hundreds and thousands of dollars to learn how to.
I don’t feel like money is preventing me from being a doctor which is why I never understand my friends anxieties for it. My parents aren’t rich, hell they aren’t even middle class, so I don’t mind owing in order to become a physician. But I know the stress will hit me after i officially become one 😂
I love your transparency, especially when it comes to money. Thanks for posting :)
I think you should do a : A letter to my 18 year old self!
I just can’t believe people actually pay this amount?!? In the UK it used to be free, now it’s fixed at £9000 a year, and it takes 5 years of university to be a qualified junior doctor, and we constantly have strikes and marches to bring the price back down! That’s absolutely insane what you pay over there.. 😱
I agree! There were protest with increased tuition but I don’t think the protest was successful of making any change.
Keira Manners doctors in the U.k. also do not make nearly as much as they do in the US. If it was truly outrageous there wouldn't be 100s of thousands of people lining up trying to take 350k in debt to become a doctor. It is still worth it because it pays off in the long run.
Loving your hair cut! & valuable info once again
Thanks! 💁🏻♀️
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I plan on when I turn 16( in two months:), putting some money off for med school, college(which Ill hopefully get paid to go to school but just in case) and traveling, and then the rest for me to spend on gas and hanging out with friends and stuff. Although it will be a small percentage for everything I feel like even if I don’t pay everything off, it will still help me in the long run. It will also teach me some spending habits. I don’t know the exact percentages but I’ll make it reasonable with my “lifestyle”
That’s an awesome mindset! Good for you 👍🏼
I love your transparency , especially when it's so hard to find some on TH-cam these days.
I just got approved for a 65K loan for my first year coming up 🙃. But I’m sure it’ll be worth it! 💕
I suggest only taking out what you need. There’s a grace period where you can return the money. Just because the loans starts building interest right when you pull it out. Congratulations!!
Jenny Le yep, i took out the absolute bare minimum without feeling restricted, and I think it was a good decision considering how much debt I’ll be in! Thank you so much! It means a lot coming from you :)
If only America was more like other countries that pay for med school, or at least make it more affordable :/.
Our health care system should be more like other countries too! #universalhealthcare
Jenny Le Hopefully in our lifetimes.
If only
Jenny Le yes, in that case America should be like the other countries when doctors get much lower wages as well?
If we don’t have the ridiculous amount of school loans - yes! I know foreign physicians who live very comfortably.
This is a frequent subject of my nightmares. I'm an MS2 at an MD school and even with scholarships, it is ROUGH. I'm looking at family med though and live in a state that has a few state sponsored loan forgiveness programs for primary care docs. Keeping my fingers crossed for those! Love your videos Jenny!
Every daughter should aspire to be like you. What a strong woman and mother you are. You are such an inspiration
This is truly something I think about EVERY DAY. Right now I’m a pre-med student in undergrad, and I am paying completely for undergrad. I have nothing set up because my parents did have a savings for it however my little sister was diagnosed with cancer and it was a lengthy fight and all of those savings went out. My parents make too much for any federal funding, so my college is full cost and all on me. I’ll have so many loans from undergrad and then from medical school- SO stressful!!!
I am sorry to hear about your sister. My prayers goes out to you and your family. If you do become a successful physician, paying back these loans won’t be as daunting when you have more disposable income.
Yes! You're right. Currently working as a CNA (60-80 hours during the summer) and about 24 hours during the school year so I can keep my grades up. And thanks for your thoughts, she was the very best and her doctors are the reason I want to go into medicine.
I am just so very proud of you for obtaining your dream. You GO girl!!! xxooo Love, Jeanie
Thank you for always supporting me and this little family ❤️ we appreciate you
Hey Jenny! First year Family Med resident here. Some states offer rural physician scholarship programs. They will pay for x years of medical school, and in return you come back to work for the same number of years in a rural area within the state.
Oh yes!! My friend is working in her home town doing primary care they they’re paying back her loans in 4 years. I think she signed with them as a intern!
Where can I get the list of the places?
Literally the first channel I found that has every video I am interested in watching. Im so glad you have ads on your videos so you have that money! I am currently 17 trying to become a radiologist and your channel is hands down the most helpful!!
I love how u know all about ur loan logistics... and how u break it down its sooo refreshing
I totally agree that it’s worth it to invest in your education and then pay back the loans for medical school. Every year you spend at a lower paying job saving up is one year that you won’t be making your new larger salary. You have to think about the opportunity cost of putting off your education
That’s also the reason why the government charge such high interest rate on school loans
You could also study in Budapest or vienna at a private University. I heard they offer english Programmes...
Isabel Emma hmm I never heard of anyone doing this before
Thank you for making this! As much as I like Dave's advice (because some people really need it and that works best for their situation). His advice for people in professional school is just not realistic. A person can only do so much before reaching mental exhaustion. And even if a person had the mental ability to do that, there's only so much time in a day! Truthfully, if professional school wasn't so expensive and the prices didn't keep increasing, then I would love to finish my B.S. in biology and apply. But I also know I'd be drowning in debt and there's that voice in my head that is like, "If you aren't smart enough then you'll drown in debt and be a bad doctor in a specialty you don't like and then you'll RUIN YOUR LIFE." It made me so anxious that I switched my degree to accounting for the "safe" career. I wish something would change with these schools so they'd be held accountable for their insane tuition costs.
Omgeee!!! I’m so glad you broke this down, I did not know if you got private loans it prohibits you from those loan repayment options for the govt loans. 😨😳😳😳 as im coming up on my junior year and looking at the cost I was thinking I would have to take out private to cover what the govt loan didn’t. I don’t have rich parents either lol
Love your videos & how open you are! It's so nice to hear you speak about topics that others avoid. I'm taking the MCAT September 1st & applying next cycle. You have taught me so much about medical school, and I'm so thankful!
Good luck !! 🤓
thanks so much :)
Thank you for making this video and being transparent. You make me so happy and make me want to be a greater doctor to be honest. I'm glad you're more emotionally driven to be a mother in medical school, proud subscriber here. I love MedTube 💓
I'm not a doctor, but whenever I hear Dave tell a med student to get a "side gig" I have to let out a bit of a belly laugh. Man, you spend most of medical school trying to get 8 hours of sleep a day. It seems like the best way for doctors to pay off their debt is go to disadvantaged areas where they'll pay you more. I'd be curious to know how much the bump is, might be a good video Jehny.
Partial reason why we have such careless doctors in disadvantaged areas
I’m curious to hear your reason how the two are correlated
I know tons of fellow med students who have a side gig...
What kind of side gigs do they have?
Hey Jenny! So this is why I said so:
I'm aware that not every physician is careless, however, in the years that I have volunteered/worked in medical facilities in a disadvantaged area (where I reside, AND want to continue working), I've encountered many physicians that do not care for the people they are servicing, either because they are too "ghetto" or they don't understand the language/culture. They are only in the community because they get some deduction on their loans. And I am not assuming this, these doctors have voiced such things themselves. But this is just my opinion from experience.
Could you do an video about everything it takes on becoming a doctor and what you should do after high school? I’m a senior this year and I’ve been saying I wanted to become a doctor since I was 4. I don’t know what type of doctor yet but I’m still working on that. If you could tell me tips and tricks and what you did? That would really help. Thank you so much. 😘
I’ve made a video on that. Old, but the information is the same. HOW I GOT INTO MED SCHOOL th-cam.com/video/_sAzgTiilGo/w-d-xo.html
Jenny Le ok thank you so much!
Thank you for being so being so honest about your journey, really helps me a lot as a first generation student
You’ve been so inspirational! I’m starting a chiropractic physician degree this year and I have two girls ( 4month and a 2 year old), and you’re videos have been encouraging!
Paola Lasanta you should watch some Dave Ramsey videos with people who went to chiropractic school before you start... I’m 😐 sorry. Not saying you should follow his plan, I just want you to hear some of these people’s stories.
Here med school is 6 years and it costs 1700 every year not including books. And we can pay in 5 terms during the year so we're actually able to work & pay immediately!
Alleysthoughts but how much does the average doctor make compared to the average doctor in the us? It's all relative.
Z Cart. Honestly almost all jobs get paid more in America..like nurses make 40k-50k a year here on average. Not a lot of jobs get you close to 100k. The salary of a family doctor is 8k a month, the salary of a cardiologist is 11k a month and the salary of a neurosurgeon like is 35k a month (based on what I've been told by family members with the job). Meanwhile the average income of someone living here is like 2.8k. The cost of living is cheaper here than it is there tho.
Before i even start watching the video, that lip color is beautiful on you!!! Love your videos ! xxx
MAC Whirl ! Bringing it back old school
I am 17 years old and want to be a radiation oncologist this year when i graduate i am deciding to enroll in a phlebotomy school and become a certified hair and makeup artist after that when i attend college i will have 4 years to save as much money as i can in this way i can decrease my stress about worrying for med school. I'll be a hair and makeup artist part time, full time i can be a phlebotomist, i already have a part time job. This is my plan
I love how honest and realistic you are
Kinda dumb how society has future doctors pay so much for schooling
The interest rates are ridiculous
1). I also suggest if you're married and you have a dual income, if one spouse can supplement all of the living expenses or atleast a majority of it (if ur husband or wife do not have any debt). This was an option for one of my friends, her husband payed for all the living expenses and she used her earning to pay off her debt quick.
Note if you're already in debt and finished getting ur degree this advice prob wont help.
2). The military is a great option for those who can't afford college, you get housing allowance every month (if u attend full time) and $22,000 to ur tuition. Alot of colleges offer the yellow ribbon program for military veterans that might pay the rest of the tuition if the g.i bill doesn't cover all of it. Alot of people seems to be wary of joining but honestly it was probably one of the easiest 4 years of my life, i got a chance to travel alot, got job training, got a chance to go to school for free while I was in too ( knock out some credits). I was a medic in the army, btw.
I really do love your channel. You are not only smart, but you are beautiful from the inside out. I am a college grad (journalism, degree, no job in my field) trying to get my masters in finance, but I racked up about $32,000 worth of loan debt and Im hesitant to go back to grad school because I refuse to take out loans so Im trying to pay for one class a semester lol I know thos has nothing to do with medical school, but I would love your advice.
J'adore Jamie Go into STEM. They pay you for grad school in STEM
I was literally just looking for this topic. Jenny you are a lifesaver 🙌🏾🙌🏾 #daveramsey
Doing an MD-PhD is another way to pay for med school!
Leah Rubin Heyy! I find this really interesting - could you explain why?
There’s a comment thread explaining this if you scroll down.
Really helpful breakdown. Thinking about the cost of tuition always makes my head spin but these videos always encourage me. Thanks Jenny!!
I really never realized or thought about the fact that private loans wouldn't qualify you for the repayment programs I heard you talk about before. I guess my brain completely forgot to register the fact that these were government programs and have nothing to do with private loans. I thought the only downside to private loans were high interest rates, now I know better.
Thank you for this video. I was just talking to my friend at rwjms in NJ about paying for school. And although I feel that my chances are slim, and your numbers def show that my chances are slim, I can find alternatives to live a happy life and heal people in another way. I always just have this fantasy that some doctor would just be like "You don't have enough money? I'll give you some... pay me back no interest when you're done!" hhahahaha.
What medics school did you attend? How many schools did you apply to? What was the process of elimination? I’m sure you answered this before, I’m new to your channel, so if anyone knows the answer to these questions for the Doctor above please let me know.
I'm already in med school, so I have no idea why I watched this. I guess I just like listening to you talk 😂
😂 so how are you paying for school?
Out of Pocket, Debt, Scholarships, Military
Hi I am looking to hopefully get into medical school as a non traditional student who is a veteran. Years ago for those who joined the Military while in residency the Military would pay $45k towards loans and give the doctor a monthly stipend of $1200 a month then you would do a year of service for each year paid with a minimum of 2years so not sure of the current rates.
As a non traditional student I want to consider Family Medicine as an option, yet I am weighing in on maybe not doing medical school over the cost now because of that as I would be 50 finishing residency and maybe not make enough money as a non traditional student.
Good info, Dr. Jenny!
I love the new look too!
Best of luck.
On a related note...could you talk about people who go into medicine primarily (or even secondarily) "for the money" and whether that is a good idea and what their alternatives might be?
WORST. IDEA. EVER! Becoming a doctor is hard work. Those who are not in it for the right reasons could fail out of med school and be stuck with this huge debt without any way to pay it. Being a doctor is hard work. We don’t get compensated as greatly as people think we do. If you want to be rich go into something else like investment banking.
Jenny Le Did you go to med school with people like that?
There was 1 person who failed out in my class and 2 who failed out in the class after me. If medicine is not your passion, you will struggle
I do not want to be a doctor. 300k in debt im already freaking out for 4k ;------;
It is so great that you take the time to communicate this information. Us dental students are in an even worse position in regards to debt haha. It's not impossible though! Great video.
Wait, you said not to work during medical school. If you don't mind me asking, how are you yourself able to pay for bills/everyday expenses since you are in med school?
I think someone else asked this and she said that she took out loans to pay for everything.
Yes you take out loans to cover tuition and expenses.
Hey Jenny! Super random but in your last video you made a video about the new coffee you’re drinking. Are there any probiotics that you drink? What vitamins/energy supplements do you tend to use to boost your energy during your first two years of school when you had to study in the evenings after going to class? I tend to feel groggy and I’m still really young. I get worried I’ll get tired easily once I’m in school which is counterintuitive since I am still “young”
Did you ever dislike any of your modules/classes/courses? How did you handle it and how can I have the best attitude?
I love your content... I've been watching you for a couple of years now, and to hear your input always gives me a growing perspective as to what to hope towards in my own dreams and aspirations...
Thank you for supporting us all these years ❤️
@@drjennale Thank you for giving the world a looking glass (TH-cam channel) into your world... Everything is genuine, and I always learn something from watching you. I really appreciate your presence online...💕🌹
I don’t even know how I’m going to pay for undergrad????
I will probably commit to the military, but I am still exploring other options. Another great video!
This is so crazy I’m about to be a freshmen in college and I have known for a few years not that I want to be a neurosurgeon, the debt amount never really scared me I knew I would be in debt but I love being able to help people but I honestly never realized how competitive it actually is, I want to me an amazing surgeon but I don’t want to stress about not being better then the person next to me
Love your videos, so informative and realistic. Thank you!😊
schools will probably just keep rising tuition until it really becomes not worth it to go to med school. As physician salaries keep going up, schools wont stop hiking tuition. I think if the debt is like 1.5 to 2million on avg and the avg salary is 300k, we will see a halt of future physicians.
Are you still doing intermittent fasting? If so can you make a video on it! Been looking into it recently. Love all of your wonderful content!! You are such an amazing mom and doctor!
so what is the success rate of those 99% students that have loans will pay the bank back? 90 percent 80
I have never met a physician who is unable to pay back their loans. Some might take longer than others depending on their salary and how serious they are about paying it off. The one great thing about being a physician is that I know I will always have a job.
Why would someone take out a private vs federal loan??? And how much on top of your tuition did you take out for living expenses?
I took out enough to pay for rent, bills, food, gas ... basically everything lol. Cost of living and how much you will need depends on where you go to medical school
Exactly! I went to pharmacy school- and finished under 18k total debt. But it was so dumb seeing colleagues living the lifestyle before the paycheck. Living in nice neighborhoods, driving nice cars, going on vacations, buying expensive shit while in school (purses, makeup, going out, etc).
I had 2 jobs during most of pharmacy school. 2 jobs. Get it done, don’t make stupid lifestyle choices. I have a student who is not even 21yrs old who has already saved enough money for her first pharmacy school year. She’s still on schedule and not behind any years in college. She works her butt off. And trust I’ll be helping her on her way up.
1jojoey i am hoping I can get the VA to pay for it. I want to go to Roseman which is 50k a yr bc its accelerated... but 18k is great!!
Great video! This helps so much, you’re such a role model ❤️
The cost of medical school is a major worry for me.
I think you should be worried if your career does not have a guaranteed job after graduation.
Hi Jenny! I will be applying for pharmacy school for next year’s cycle. When you mentioned about your cousin being in debt for private loans...I was wondering if all pharmacy schools offer private and government loans? Or is it certain pharm schools offer certain government loans only? Thank you for making this wonderful, informative video!!
I believe it was because her institution did not qualify for federal loans
No one’s saving 200k even in 20 years without a six figure income. Dave Ramsey is full of 💩. Idk why everybody quotes him
You wouldn’t have to pay it all pretty easy to save and pay 15k a year in cash do some loans and scholarships it could drop pretty low for repayment.
Excellent Video Jenny, thank you, much appreciated : )
Thanks for watching 😊
Wtf my country If you are selected in government medical colleges it is free. But merit is very hogh almost you need 91% in every subject. But say you were not able to make in government medical college you can then go to private medical college which is recognised by who has fee of almost 9000 dollars each year so five years will require 45000 dollars for whole med school
You’re such an inspiration!! Thank you for this video😘
I am lucky to be able to go to a school where I won't accumulate an insane amount of debt if I am smart. I anticipate being under 150k in debt at the end. (Not a lot right?? lol) Thank you for your videos Jenny. I definitely think money should not be a worry during school because we have so many other things to worry about. Putting my journey up on TH-cam if you're interested! - Aaron
Do you think med school is even worth the mountain of debt? like at what point would you draw the line and say that it costs too much to attend
I think that just depends on the individual. I personally think it is worth it but I’ve read many comments whom would disagree with me.
its still worth it. I think the limit will be around 1.5mil to 2mil debt on the current salary. that will be the point where its objectively not worth it
51k students applying for 21k seats! 😥 And you call it difficult to get into Med school in the US? 🙃 Here in India about 1.3 million students apply for nearly 51k seats that too when I include dentistry seats as well(3.92% acceptance). Moreover nearly 30% of these seats are reserved for backward classes and caste based reservations. Hence the acceptance rate goes further down below 2% if I separate dentistry seats and reserved seats.
You all are really lucky to have such a large number of seats for so less number of applicants. Here an average student has to make minimum 2-3 attempts in NEET( our MCAT ) to make it to a med school. 😅
I wish I was born in US and could pursue my dream of becoming a Doctor. ☺
When did you first think about the cost of going to Med School?
Let me just work my asssss off to get into NYU. My dream setting also, if I’m never going to get sleep at least the city will always be awake! Lol
Parents should start saving up for their kids when they are born.
So, let me explain!!
In my childhood (till age 12/13) we lived a great life. Had money. Went to holidays multiple times a year.
My parents thought the money would stay. But it didn’t. The company of my father bankrupted. They didn’t save up. Now we (sister, mother and myself) live paycheck to paycheck.
I’m 23 right now and don’t have my drivers license or even a car. (In Germany it’s pretty expensive +-2000€ ~ +-2300$). I’m in college and still live with my mother because rent in Frankfurt is so expensive. I work at the airport but it’s not enough to move out.
I’m so happy that college is just 800€ a year (and not like in the US).
I have friends who got their drivers license at 18 yo and a new car. They are in college with me but in their own apartments. And how? Their parents saved up.
I’m not saying that I’m mad at my mother but it would make life much more convenient.
Now I learned how not to do it because I live it right now. I want my kids to live better and more comfortable than me.
Just a post about how I feel :)
and I don’t really know it it suits for This Video but I just wanted to share :)
well, that sounds like a great way to spoil kids, if they dont have to pay for anything, kids will never grow up, this "i deserve" entitlement is getting outta control here in usa, and now europe too
Hi Jenny, I’m new to your channel and really enjoying your content. I’m just curious whether you know anyone who is in an MD/PhD program and whether they think it’s worth not having to pay for med school tuition?
I personally do not. But you scroll down in the comment section there is someone who just commented on MD/PhD programs!
This helps out so much! Btw, your eyes are beautiful😊
Thank you for always giving us very valuable information!! p.s. Wyatt is so adorable :)
Thank you 👶🏻❤️
Jenny, I love your circular ring! Where did you get it? :)
Etsy!
I’m scared that like what if I get a loan that doesn’t pay for everything
I feel like when u grow up in poverty. Your family looks at u like u have two heads when u say u want to go medical school almost like they don’t believe in u. Did u have any reactions like that or when u decided to have a baby during medical school
My family was poor but we always believed that higher education was the key to a better future. As for having a baby, it didn’t really slow me down from reaching my goals so there’s nothing negative anyone can really say about that.
the whole thing sounds like it's not worth it
Manny Perez I agree
Manny Perez you save lives. I think it’s worth it.
I agree with Dave Ramsey on alot. He's wrong on saving up money for medical school.
In my country acceptance rate is 6.8% for med school 😭😭
I did the same thing that you did and honestly, it has been the best decision! #Psychologist
🙌🏼 our community and I’m sure many other communities are in need of more psych!
Jenny Le Absolutely! 🙌❤️
How did your cousin get in close to 400,000 dollars of debt for pharmacy school? That is a lot. I am going to have about 150,000 dollars in student loans when I graduate from pharmacy school and I think I could have done better than that.
I have a friend who went to school to be a pharmasist and ended up with about 300k in student loans. All depends on the costs of the school you're accepted into / living expenses.
Did you friend go out of state or go to a private pharmacy school?
If you do a dual MD/PhD program, do you know if the graduate school covers the cost of tuition?
I would think not but I might be wrong.
Yes it does! But these programs are extraordinary competitive. I have two friends who are in an MD/PhD program and their tuition is covered, plus they get the same stipend that the PhD students get (~40k of extra income a year). I think both friends who are in the program have class sizes of 12 and 15, extremely small.
Good to know!! Thanks for sharing 👍🏼
Sapphyre Sprinklez do you know how long it takes them to complete the degree? And also does stipend apply to the years they do research or the entire time they’re in the program?
Remy Vu Remy Vu I’m a non traditional student and interested in this pathway as well. From what I know you can matriculate into an MD/PhD program OR you can decide after your first year (MS-1) that you want to apply. Depending on the situation it can take anywhere from 6-8 years, I’ve come to the conclusion based on people I’ve met that an average would probably be 7-8 years. You start lab rotations before you begin your first year of academic medical school curriculum, then you begin your MS-1 year. Between MS-1 and MS-2 academic years, you don’t get your summer off, you work in the lab, in fact you don’t get any summers off. Then you go back and complete MS-2. You leave your cohort and during the summer you complete Step-1/clerkship/rotation. After step-1 you work in the lab, for however long it takes you to complete your work. Could be 2 years, could be 4, it’s dependent on how strong of a scientist you are and dedicated you are. During those years, you complete graduate school coursework as well, nothing too rigorous because most of your Academic medical school courses count towards the PhD pathway as well. You complete any graduate qualifying exams, defend your thesis and then join the next cohort for the last two years of medical school, take your steps....BUT to be marketable you should consider a post-doc before or after residency. So that’s going to add an additional 2-3 years but it’s not mandatory. The grant covers all of your years of tuition from beginning to end, and the stipend is dependent on the school, I believe some schools pay for the years you are working on your thesis but tuition is cover for all years (I believe Duke is one, don’t quote me) and others the stipend is for all 7-8 years (ISMMS, northwestern are two that I can think of off the top of my head). I would suggest that if you’re interested in this pathway, have extensive research experience and have published in a major science journal. Both of my friends and people on the admissions committee that I’ve talked with at the hospital I work at have mentioned that that is very important, both of my friends had published 4 and 5 papers and had 3.9 and 4.0 GPAs respectively.
How to pay for med school: Debt
Or sign away your life to the military!
Jenny Le Please explain in a video why if the demand for physicians is so high, but they make it so diffcult to become one?
Jenny Le Another thing is Pre-Reqs have an experation date?
Yes they do. It might be 3-5 years. Not sure exactly
Jenny Le High demand, but they supressing the market for the demand to met the market.
So during medical school, are there any out-of-pocket costs, or do the loans cover everything?
Loans covered everything - rent, groceries, internet, gas money etc.
Most people can’t even save $100 a month . save money is not going to work .
tuan nguyen not if you just earn the minimum wage $11 per hour! Is not going to work
1st again love you Jenny 🤗🤗🤗🤗😛❤️❤️❤️❤️
🙌🏼👩🏻⚕️❤️
How did you have money to buy food
What school did you go to for your undergrad work?
UCSD
1. Loans , 2. The military, 3. Scholarships , 4. Rich family , 5. Dave Ramsay way ( if you find the time, you are lucky)
Hey Jenny, thanks for the video. Question: how much weight does med school gpa carry when applying for residency?
Med schools don’t have GPAs. They have class rank - how you compare to your peers. I’m sure they take that more into consideration in competitive residencies.
Jenny Le if so, if you were to be a very low rank compare to your peers then what would be your chance of getting in to residency? Would you still consider as passing? Would you get drop out automatically or is that something that you yourself decided to do? Would you still be able to graduate or get a job? How is med school compare to college if they fail a class or is scored lower than other peers?
I'm a bit confused, if the federal aggregate limit for medical school loans is $224,000, then how do some doctors have upwards of $500,000 in student loan debt? Is this mostly from the interest? Or combination of federal and private loans? Great video.
I have all federal loans. I do not believe there is a limit. Most medical students I know graduated with around 200-300 in school debt. I was talking to some preceptors who said they had fluctuating interest loans where their interest would go up to 17-21%
@@drjennale that is my biggest concern with medical school and why I was considering the PA/NP route. I need to double check my info on the borrowing limits. Thanks for the reply.
Can i work during college to pay for it?
I’m a community college student now, in my freshman year, and had to use a private loan (Sallie Mae) because my parents income didn’t qualify me for assistance at my school. Do you think that’ll be similar to how private loans for med school are?
Usually once you apply for med school, you can file as independent and qualify for government loans.
You r looking great with this makeup and haircut.)
Thank you 👩🏻⚕️❤️
Which school did she go
You just got a new subscriber thanks for info
Which specialties are the most competetive or hardest to get into?
The ROADS to success - radiology, ophthalmology, anesthesiology, dermatology, surgery.