C Patrick’s Answer
It would be extremely uncommon for someone to work part-time while enrolled in medical school. This is largely due to the time demands of the curriculum. As a 3rd and 4th year student there is almost no time to do so with 50-80hrs/wk of clinical duties, studying, etc. some people continue to do things like work for test prep companies and I knew one person who held their bar tending job the first few months but it’s very rare. The financial concern is legitimate and a common one among all students, particularly with rising debt loads. That said, your job as a medical student is to excel in your studies. You can make informed financial decisions to minimize your expenses as much as feasible. That said, the reason banks are willing to loan such vast sums to medical students is because the rate of default is so low. There are many options to mitigate repayment, including loan forgiveness programs. Too varied to detail in brief here but the bottom line is one way or another you are indebted, either in terms of money (loans) or service in specific region (usphs, military, underserved loan forgiveness).
C Patrick recommends the following next steps:
- Try researching here, can’t vouch for accuracy but the general summary of options appears on point. https://www.magnifymoney.com/blog/college-students-and-recent-grads/loan-forgiveness-programs-doctors636267564/
- Here is the American association of medical colleges resource. https://services.aamc.org/fed_loan_pub/index.cfm?fuseaction=public.welcome