How To Pay Or Finance Your Pharmacy School Education
You just got into pharmacy school and after jumping for joy after reading your acceptance letter, reality sets in and you may ask yourself: “How am I going to pay for pharmacy school?” Getting into pharmacy school was probably one of your greatest achievements you may have accomplished thus far. It is not easy passing biology, general chemistry, physics, calculus and the mother of all classes – Organic Chemistry 1 and 2. It probably has taken you 4, 5 and even 12 years to finish your bachelor’s degree and get into pharmacy school. Now comes, the money issue. After all, pharmacy school is very costly. Knowing how to pay for pharmacy school is crucial and can determine if you are going to live in misery for the next 10 years after pharmacy school or live in luxury.
I want to make this a clear point. Declaring for bankruptcy may not wipe out your student loans. Make sure that you read the entire loan contract agreement when you decide to sign on the dotted line. Saying all this, most students will finance their pharmacy school education through 3 main ways.
#1) Rich Parents or Relatives – If you have rich parents and/or relatives, consider yourself lucky (or not). If they are willing to pay for your pharmacy school education, you have nothing to worry. You don’t even have to read the rest of this article. You got in and your education is paid for. There is nothing else you need to do. Just enjoy your summer before starting back again in the fall semester.
#2) Scholarships – Most schools do offer scholarships to students based on a myriad of factors such as GPA, PCAT scores and extracurricular activities. Scholarships are very limited and difficult to get; however, where there is a will there will always be a way. Anything is possible and you should take as much time in completing the application just like as if you had to apply to pharmacy school all over again.
#3) Loans – This is probably the most common method in financing your pharmacy school education. I recommend that you read the fine print closely and make sure that you understand how repaying your loans going to work after you have graduated from pharmacy school. Also, keeping all of your important paperwork in one neat portfolio will help streamline the loan application process.
I hope that you have enjoyed reading this article.