How do you afford living expenses while going to medical school with a wife and child?

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My husband is applying to medical school this year. I am a stay-at-home Mom to a two year old, and one on the way. Medical school doesn't allow students to work, so we will be living off loans. However, I've seen some estimates of maximum loan amounts, and with tuition nearing $40,000, there isn't even close to enough to even afford rent, let alone anything else. Most of the schools are in big cities, which makes the cost of living even higher. If you've been in this situation, or know someone else who has, what did you do? Would we qualify for section 8 or housing vouchers just until he gets into residency? What is the maximum amount of loans someone can get per year for medical school (subsidized + unsubsidized)? Any info would be appreciated.

How do you afford living expenses while going to medical school with a wife and child?

You might want to approach the financial aid offices for information on the financial aid side. An idea might be to open a home day care to provide an income while he is in school. There are private student loans to provide an income beyond it, but their interest rates are a lot higher than the federal rates. Section 8 is not a good idea to count on since a number of places probably have a closed waiting list (I know of a couple of places that have closed waiting lists). I will include some readings and help on it. Good luck!

How do you afford living expenses while going to medical school with a wife and child?

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How do you afford living expenses while going to medical school with a wife and child?

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