How to Pay for PA School
It’s no secret that graduate school is expensive, and PA school is no exception to this. There are the technology fees, insurance fees, lab fees, and the list goes on. But if you’re in class 40 hours a week and studying 20 hours or more a week, how do you pay for all of this? Let’s get into some options!
Savings!! One of your best choices for paying for PA school is to pay with money that you have saved over the previous years. This money can be from working in the position you took for patient contact hours, or even a job totally unrelated to medicine. It does not matter. What matters now is that you budget that money you have saved, and calculate whether or not it will cover the cost of tuition and living. Don’t feel bad if you don’t have nearly enough money saved for this – most students don’t.
Another option you have is to apply to scholarships. I completely recommend this to everyone, because it is FREE MONEY. There are numerous scholarships available for PA students, graduate students and students in general. There is no harm in applying. Your only investment is the time it takes to fill out the applications. But think of it this way…if you were to spend 20 hours applying for a total of 10 scholarships, and was awarded one scholarship worth $1,000, that is equivalent to $50 an hour. Not bad for filling out applications! Many programs also offer exclusive scholarships to their students, so be sure to check if your program has those available. There are also scholarship programs such as NHSC that will pay for your schooling, but afterwards you owe them time! The army offers a similar money for time agreement as well.
Now what most students do – LOANS. Most students apply through the Free Application for Federal Student Aid (FAFSA) to be loaned the money they need to cover tuition, fees and the cost of living. However not all loans are made equally. They have a variety of interest rates and requirements, so it is always important to take a good look at what you’re signing up for before borrowing the money. You may benefit from sitting down with a financial advisor or even your programs financial aid department to decide if loans are right for you.
Keep in mind that many students use a combination of the above options. But a big and easy way to save money on PA school is to go to a less expensive program! Lucky for you, MYPABOX tells you both the in state and out of state tuition rates, so be sure to check those out.
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To learn about PA school cost. Check out Navigating Physician Assistant School Cost
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