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August 04, 2025, 02:28:04 am

Author Topic: MD/DDS 2016 Entry Questions!!  (Read 25226 times)  Share 

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MelonBar

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MD/DDS 2016 Entry Questions!!
« on: May 17, 2015, 02:29:10 pm »
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Hi guys, I have a question about FFP places:

Md and dds costs $257K at unimelb, but FEE-HELP will only cover $120K of that. I presume most people who accept FFPs will take out a loan to cover the difference. Can anyone provide some input on this? Will banks loan that much money to a student with little credit history? What's the interest like on $130K? It seems like a huge commitment and probably not worth the trouble, but if anyone can share their experience on this it would really help with my application

Cheers  8)
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nino quincampoix

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Re: MD/DDS 2016 Entry Questions!!
« Reply #1 on: May 20, 2015, 08:20:35 pm »
+1
While I don't have the exact answer to your question, I do know that a bank will never hand out money like nobody's business. I am under the impression that for you to receive a loan from the bank in the order of $130K, you would need to have some sort of collateral, especially considering that as a medical student, your debt will grow for at least four years before you can even begin working, let alone paying it off. And then you also have to consider that on top of a loan from a bank (which carries with it interest and other associated fees), you have HECS for your undergraduate as well as FEE-HELP for the remainder of the MD. While HECS and FEE-HELP obligations should not impede your ability to gain a line of credit from a bank, you should be careful with committing yourself to exorbitant debts.

I for one am not even putting FFP down simply because I refuse to accept it as a viable way to train any type of professional, especially physicians. Everything should come down to merit: either you are good enough to get in with your grades or not. It should not come down to having old money or what have you.

Sorry to rant, but this is a systematic failure of the government at the highest of levels in failing to provide adequate funding for a health system that is so clearly and so desperately required for society to function properly. Same goes for education in general.
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Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #2 on: May 20, 2015, 09:28:44 pm »
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Also FFP students aren't guaranteed internships either.
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Russ

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Re: MD/DDS 2016 Entry Questions!!
« Reply #3 on: May 20, 2015, 10:32:37 pm »
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The CSP guarantee extends only to 2017. Whilst it'll probably be extended, in the current climate who knows. I think the COAG people are meeting soon actually.

In terms of a loan, you're quite correct in that banks are generally not happy to make a six figure, unsecured loan. The common approach is for parents to increase their mortgage on the understanding that the child will repay them when they're a working professional.

Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #4 on: May 20, 2015, 10:36:58 pm »
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Do you mean that guaranteed internships only extends up to those who apply for internships in 2017? Or that students admitted to medical school before 2017 are guaranteed?
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Russ

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Re: MD/DDS 2016 Entry Questions!!
« Reply #5 on: May 20, 2015, 10:40:57 pm »
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The former. There's currently a large review of medical internships taking place and whilst I wouldn't get overly worried about it, they will obviously make various recommendations to the government

ChickenCh0wM1en

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Re: MD/DDS 2016 Entry Questions!!
« Reply #6 on: May 20, 2015, 10:46:21 pm »
+3
The former. There's currently a large review of medical internships taking place and whilst I wouldn't get overly worried about it, they will obviously make various recommendations to the government

Seeing how the government is bringing healthcare downhill I would not be slightly suprised to see this situation worsening... :(
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Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #7 on: May 20, 2015, 10:53:21 pm »
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Hm damn. It would seem like a big waste to spend so much $$$ training students just to dick them without an internship.

Also never thought about this but does anyone know about the training pathway for the DDS? Will CSPs get a guaranteed internship too?
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Hehetymen

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Re: MD/DDS 2016 Entry Questions!!
« Reply #8 on: May 20, 2015, 10:55:18 pm »
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Hm damn. It would seem like a big waste to spend so much $$$ training students just to dick them without an internship.

Also never thought about this but does anyone know about the training pathway for the DDS? Will CSPs get a guaranteed internship too?

For the DDS you don't need an internship. You're fully qualified upon graduation.

ChickenCh0wM1en

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Re: MD/DDS 2016 Entry Questions!!
« Reply #9 on: May 20, 2015, 10:56:16 pm »
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Hm damn. It would seem like a big waste to spend so much $$$ training students just to dick them without an internship.

Also never thought about this but does anyone know about the training pathway for the DDS? Will CSPs get a guaranteed internship too?

DDS don't have internship? You can start working as a registered dentist in the private sector as soon as you graduate ;)

EDIT: Hehetymen beat me to it :P
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Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #10 on: May 20, 2015, 11:01:58 pm »
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I see. Awesome.

I applied for Dent as a back up but am probably still going to reject it if I had to choose between applying for med next year or doing dent instead.

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ChickenCh0wM1en

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Re: MD/DDS 2016 Entry Questions!!
« Reply #11 on: May 20, 2015, 11:03:59 pm »
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I see. Awesome.

I applied for Dent as a back up but am probably still going to reject it if I had to choose between applying for med next year or doing dent instead.
You know you can start 1st year DDS and reapply and maintain your GPA for entry the year after right? (That's what some guy I know is doing) :)
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Please don't PM me for lecture slides or recordings. I don't have them anymore.

Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #12 on: May 20, 2015, 11:07:43 pm »
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True but maintaining your GPA in dent would be hard as balls. Its difficulty is comparable to med.
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ChickenCh0wM1en

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Re: MD/DDS 2016 Entry Questions!!
« Reply #13 on: May 20, 2015, 11:08:23 pm »
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True but maintaining your GPA in dent would be hard as balls. Its difficulty is comparable to med.

Your GPA for application is only from your undergrad? So your DDS gpa is irrelevant?
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Shenz0r

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Re: MD/DDS 2016 Entry Questions!!
« Reply #14 on: May 20, 2015, 11:13:32 pm »
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If some dent results are out by the end of sem 1 then surely it will count to your GPA? If it's released at the end of the year then I might consider that backup pathway.

2012 ATAR: 99.20
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