ATAR Notes: Forum
Uni Stuff => Faculties => Health sciences => Topic started by: naved_s9994 on April 09, 2010, 01:08:45 am
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How much can you borrow (loan -from anywhere) during a Medicine (MMBS) degree.
Being an Australian Citizen, Born in Melbourne.
Also what sources can help fund your degree, and by how much?
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Couldn't find any more suitable forum for this.
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Lets say on a full-fee degree.
(Im aiming for Monash CSP, or ERC - but for Backup at other Uni's, I wanted to ask)
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How much can you borrow (loan -from anywhere) during a Medicine (MMBS) degree.
Being an Australian Citizen, Born in Melbourne.
Also what sources can help fund your degree, and by how much?
__________________________________________________________________________
Couldn't find any more suitable forum for this.
If you are an international student, I don't think it is possible to borrow any money from the government (ie. HECS-Debt).
EDIT: The reason being is because now uni course codes are divided into two groups:
1. Domestic CSP place
2. International full-fee place
Since the course code for MBBS at Monash only ends in either "1" or "3", it only fits in the above two categories.
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Lets say on a full-fee degree.
(Im aiming for Monash CSP, or ERC - but for Backup at other Uni's, I wanted to ask)
You won't be on a full-fee place since you are an Australian student, full-fee is for Internationals and Bond Uni students.
Anyways, with FEE-HELP at http://www.goingtouni.gov.au/ i think you can borrow up to $85,000 (that was limit for 2009), not exactly sure who can qualify for that much, look around the site as i haven't before.
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Lets say on a full-fee degree.
(Im aiming for Monash CSP, or ERC - but for Backup at other Uni's, I wanted to ask)
You won't be on a full-fee place since you are an Australian student, full-fee is for Internationals and Bond Uni students.
Anyways, with FEE-HELP at http://www.goingtouni.gov.au/ i think you can borrow up to $85,000 (that was limit for 2009), not exactly sure who can qualify for that much, look around the site as i haven't before.
Per year or what? (Bond Uni, website reads 106k..im not sure if its for the duration of course or each year)
Yea, because my aim is Monash...but really if I dont get it, then I have to look at back-ups, to which I only found a few, in which one of them was Bond. But exactly, as you mentioned its full fee. Once youve graduated though probably 1 -2 years, into the proffesion you probably are able to pay it off..
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Keep in mind, im not highly knowledgeable about this topic (im not even an economics student or whatever..).
Usually though, if its a bank, you have to pay the loan back starting pretty soon.
Even if its FEE-HELP, you have to start paying them back over a certain threshold: "Compulsory repayments are made when you lodge your tax return and your HELP repayment income is above the minimum threshold, $43,151 in 2009-10." So, even if you have a part time job and your making that much (who knows...) you still have to pay them back.
Below $44,912 Nil
$44,912-$50,028 4.0%
$50,029-$55,143 4.5%
$55,144-$58,041 5.0%
$58,042-$62,390 5.5%
$62,391-$67,570 6.0%
$67,571-$71,126 6.5%
$71,127-$78,273 7.0%
$78,274-$83,407 7.5%
$83,408 and above 8.0%
This is how much % of your income you have to pay them back.. yeah.
I personally dont think going a full fee place is a good idea but thats just me.
[I recommend emaling bond, i emailed monash medicine admissions and they were very helpful.]
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Found it:
http://en.wikipedia.org/wiki/Bond_University#Medicine
"Bond was listed by Forbes magazine as one of the most expensive universities in the world in 2008, and the most expensive in Australia."
"Bond's three-trimesters-per-year schedule means a medical student studying at the University can graduate in four years and eight months (as opposed to five or six years at most other universities). At $254,912 for the full degree, the course is the most expensive undergraduate program offered by an Australian university."
Ouch?
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Found it:
http://en.wikipedia.org/wiki/Bond_University#Medicine
"Bond was listed by Forbes magazine as one of the most expensive universities in the world in 2008, and the most expensive in Australia."
"Bond's three-trimesters-per-year schedule means a medical student studying at the University can graduate in four years and eight months (as opposed to five or six years at most other universities). At $254,912 for the full degree, the course is the most expensive undergraduate program offered by an Australian university."
Ouch?
If it gets you where you want, why not?
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Found it:
http://en.wikipedia.org/wiki/Bond_University#Medicine
"Bond was listed by Forbes magazine as one of the most expensive universities in the world in 2008, and the most expensive in Australia."
"Bond's three-trimesters-per-year schedule means a medical student studying at the University can graduate in four years and eight months (as opposed to five or six years at most other universities). At $254,912 for the full degree, the course is the most expensive undergraduate program offered by an Australian university."
Ouch?
If it gets you where you want, why not?
Well, because some people don't have the capital to begin with? =\
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Some of us dont really have 250000 lying around...
or rich families with 250000
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Found it:
http://en.wikipedia.org/wiki/Bond_University#Medicine
"Bond was listed by Forbes magazine as one of the most expensive universities in the world in 2008, and the most expensive in Australia."
"Bond's three-trimesters-per-year schedule means a medical student studying at the University can graduate in four years and eight months (as opposed to five or six years at most other universities). At $254,912 for the full degree, the course is the most expensive undergraduate program offered by an Australian university."
Ouch?
If it gets you where you want, why not?
Exactly..
Its the same deal really.
People spend 3 - 4 even 5 years doing some undergraduate degree, then aim for a graduate entry into
Medicine. During those 5 years, they dont earn much aswell.
A family friend of mine, got in last year and is using loans to fund her study there this year. (Bond MMBS)
Yes, though the only "real" issue is that you would be away from family, and also under academic pressure for the first 6 semesters there...as they have tri-sems as opposed to two, at the other uni's
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They dont earn much but they wouldnt asmass a huge debt either... either way try get into mbbs @ monash first of all.
The 250k loan (good luck finding one) and the cost (if your family wont support you) of living away from your family and the pressure of being away from family and friends is pretty full on..
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They dont earn much but they wouldnt asmass a huge debt either... either way try get into mbbs @ monash first of all.
The 250k loan (good luck finding one) and the cost (if your family wont support you) of living away from your family and the pressure of being away from family and friends is pretty full on..
I agree with all that :)
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They dont earn much but they wouldnt asmass a huge debt either... either way try get into mbbs @ monash first of all.
The 250k loan (good luck finding one) and the cost (if your family wont support you) of living away from your family and the pressure of being away from family and friends is pretty full on..
I agree with all that :)
I'm not saying its the best way to go, but if you do have that kind of money, and there is no other undergrad course available to you, it seems like a better alternative than the graduate pathway.
I'm assuming here that it is easier to get into because to demand is low (not many people are able to afford it).
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They dont earn much but they wouldnt asmass a huge debt either... either way try get into mbbs @ monash first of all.
The 250k loan (good luck finding one) and the cost (if your family wont support you) of living away from your family and the pressure of being away from family and friends is pretty full on..
I agree with all that :)
I'm not saying its the best way to go, but if you do have that kind of money, and there is no other undergrad course available to you, it seems like a better alternative than the graduate pathway.
I'm assuming here that it is easier to get into because to demand is low (not many people are able to afford it).
Yea, plus theres pressures - as kingpomba mentioned. (Family, is a HUGE one)
I also reckon the fact it's tri-sem, really places you under pressure aswell (thats what my Family friend suggests atleast).
Its tough, and thats no doubt true..