If you are in medical school, you already know how expensive it can be. You may have already gotten a grant to help with some of the costs, but there are other ways to get help with money, too. One way to lower the cost of your medical degree is to look for and apply for grants. Here’s what Lou Hampers, MD, says you need to know about how to find these chances.

Medical School Is Expensive

 

Medical school costs a lot of money. So, in 2016–17, the average cost of going to an MD school was $55,000. It can cost even more if you want to specialize in something like orthopedic surgery or children. Some students pay more than $100,000 per year.

The good news is that many scholarships for medical students can help ease some of this financial strain. But first things first: if you’re in medical school and want to save money, here are some tips and tricks.

Student Loans Aren’t Just For Students

 

You can borrow money to pay for your schooling as a medical student. You might also be able to borrow money to help pay for school and living costs. Lou Hampers, MD, says that how much you can borrow depends on a lot of things, like the type of loan and how much money you make.

Let’s take a look at how these loans work:

• You already have a degree in health sciences. If you already have a health sciences degree, you’re that much closer to getting some scholarship money. The same goes for having a similar degree, such as in math or science. If there’s no scholarship specifically for your major, look into scholarships with similar requirements that may be more applicable to your career path.
• If none of these options seem right for what you want out of life right now–or if it seems like too much work just trying to figure out which ones might apply–consider looking into accounting as an alternative field of study! Accounting students often receive generous amounts from their employers once they’ve completed their degrees; even better yet is knowing exactly where all those dollars came from in the first place.
• Their program will benefit a lot from having you in it. The group in charge of getting people into medical school wants to find the smartest and most talented people. You are a great fit for their school, so they will be happy to give you a scholarship. Because you are smart, have a lot of experience, and want to improve health care around the world, you will be a great benefit to their program.

 

Where To Look For Medical Student Scholarships

 

The best places to look for financial help are online scholarship databases that allow you to search by specific criteria, such as age, gender, and school location.

 

• Online search engines
• Local and national financial aid
• Grants for minority students
• Bursaries for women
• Educational grants for veterans
• Student-specific financial aid

 

Conclusion

 

By now, you’re probably wondering how to find these scholarships. The easiest way to do so is by searching online for medical student scholarships. You can also contact your school’s financial aid office or go directly to its website for more information about available funds and application procedures. If none of these avenues work out for you, there are still other options available such as local organizations within your community that offer scholarships specifically targeted toward health science majors pursuing careers in medicine.