How much is student loans for medical school?

Medical school is expensive, and student loans are often necessary to cover the costs. The average cost of tuition and fees at a public medical school is $37,039 for in-state students and $61,052 for out-of-state students. The average cost of tuition and fees at a private medical school is $53,019.

In addition to tuition and fees, medical students also need to cover the cost of living expenses, such as housing, food, and transportation. The average cost of living for a medical student is $20,000 per year.

The total cost of medical school can vary significantly depending on the type of school, the location of the school, and the student's lifestyle. However, the average cost of medical school is around $250,000.

Medical students can borrow up to $270,000 in federal student loans. These loans are available to both undergraduate and graduate students who are enrolled in an accredited medical school. The interest rate on federal student loans is currently 5.28%.

In addition to federal student loans, medical students may also be eligible for private student loans. Private student loans are available from banks and other lenders. The interest rate on private student loans is typically higher than the interest rate on federal student loans.

Medical school graduates who have borrowed student loans typically have a high debt burden. The average medical school graduate has over $200,000 in student loan debt. However, medical school graduates can earn a high salary, which can help them to repay their student loans.