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Ways to Reduce Med School Costs

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There are several ways that you can reduce some of the costs of medical school.

Scholarships

The first way is to get a scholarship. Most of the time, these scholarships are only going to go to the people who deserve them because they made good grades. Therefore, you want to look for free online MCAT prep that you are going to be able to use to make sure that you are as prepared as you can be. When you score high on the MCAT after practice and preparation, then you are going to have a better chance of getting a scholarship. Your school counselor can give you the information about all of the scholarships available to you.

Community

The second way is by serving your community. One way to do this is through the Peace Corps when you volunteer. This is because they are going to give you the loan forgiveness in exchange for the community service that you are doing. In fact, some students can get up to 70 percent of their loan forgiven depending on how much community service that they do. But you need to know that you are going to be required to do a certain amount of time for the community service in order to get the loan forgiveness. This is usually going to be about two years in the Peace Corps.

Military

The third way is to serve in the military. This is something that is going to pay your full tuition for college, additional expenses, and other items related to your college. Plus, you are going to get a sign on bonus of $20,000. But this is something else that the person is truly going to need to be committed too. This is because it is going to require you to be in the military for a short period of time after you have graduated from the college. This is something that you are going to need to think about when you are wanting to join the military just for the tuition money.

College

The fourth way is to make sure that you choose a college as wisely as possible. This means that you are going to need to look at the costs of the college before you decide if you are going to attend it or not. Therefore, it might be a good idea to attend a smaller college if they offer the same degree that you are looking at getting. You can also look at all of the financial aid that you are going to be able to get if you attend a college that is in the state where you live based on a college out of state.

Federal loan

The fifth way is to try to get a federal loan because they are going to be lower in interest. These loans are going to be based on the amount of money that you are going to need to attend the college. All that you are going to have to do is to complete the application for federal student aid that can be found online. This is the best way that you are going to be able to see what types of loans that you are going to be able to get. But you need to be aware of the deadlines because each application will be different.

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