Moving out of my parents' house and taking out grad school expenses

mattlanta

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I'm at a loss and have no one else to talk to. I just started anesthesia school (a doctorate program of 3 years) and was planning on living home (free rent, utilities, etc.) for the entirety of the program to save myself from taking out any more loans than I had to. However, the environment at home is not exactly the best for "productivity". My brother is benzo dependent and my parents enable him (it stresses me out to see how they treat him), my dad is always watching TV which keeps me from studying sometimes, and the internet is unreliable (partly because my brother is always messing around with it). I'm also not used to living at home as I've been living independently for the past 3-4 years since I've been working. At home, I feel like I should be relieved and relaxed, but after the first month of trying it, it's been either I'm sad or I'm angry to be there.
So the program tuition itself is about $80-85,000 ($35K the first year/$25K the second year/$20K the third year) before textbook and other school expenses. I have about $20K left in undergrad student loans. As a nurse anesthetist, we graduate making about $180-185,000. So if I graduate and start working right away, I should be able to have any of my loans paid off within the first 1-2 years. Currently, I have about $50-55,000 in the bank (already paid $10K for this summer semester). I've made the decision to move out (perhaps with a roommate, a close friend of mine). Does this seem reasonable to you guys or am I just acting out of anger/stress?

EDIT- also juts wanted to add that this is a 3 year FULL time program and once clinicals start we're normally at clinicals 3-4x a week and in the classroom the other days that we're not at clinicals so there's really no room to work at all. Which is a huge stressor as well.
 

Rawtid

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First thing, see if you can find a room to rent and use your savings to pay it up in full so you don't have to worry about it. It's usually all inclusive (electricity, internet, water, etc), so you can get a good deal. If not, the room mate idea is the next best thing, but I just don't like the idea of depending on someone else financially, when you're already worried about finances in the first place.

What year of the program does clinicals start?
 

MMA

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Short answer move out find a roommate, pay has minimum in rent has possible. Calculate how much it will cost to move out and how much you believe you will have to spend on a daily basis, weekly basis and monthly basis to survive. That 55K sounds nice now but it's barely anything for the time you have left for school.

Move in with another working professional or someone in your field. Do not please from my previous experience live with a friend who isn't serious level minded. You need to know you can come home everyday to peace with your studies.

You need to find a means to kick that debt down now, not later..
 
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phcitywarrior

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I think you could possibly stay at your parents place if and only if you go there ONLY to sleep i.e. after class, work, clinicals, studying, gym etc. If you even have to do anything outside of sleeping, eating and showering then don't even consider it. If you do move, then pay the cheapest rent you can find. See if you can split it.

And like others said, make sure it's with a serious minded person, preferably another grad student tbh.

You'll be good breh
 

Jimmy Two-Times™

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I'm at a loss and have no one else to talk to. I just started anesthesia school (a doctorate program of 3 years) and was planning on living home (free rent, utilities, etc.) for the entirety of the program to save myself from taking out any more loans than I had to. However, the environment at home is not exactly the best for "productivity". My brother is benzo dependent and my parents enable him (it stresses me out to see how they treat him), my dad is always watching TV which keeps me from studying sometimes, and the internet is unreliable (partly because my brother is always messing around with it). I'm also not used to living at home as I've been living independently for the past 3-4 years since I've been working. At home, I feel like I should be relieved and relaxed, but after the first month of trying it, it's been either I'm sad or I'm angry to be there.
So the program tuition itself is about $80-85,000 ($35K the first year/$25K the second year/$20K the third year) before textbook and other school expenses. I have about $20K left in undergrad student loans. As a nurse anesthetist, we graduate making about $180-185,000. So if I graduate and start working right away, I should be able to have any of my loans paid off within the first 1-2 years. Currently, I have about $50-55,000 in the bank (already paid $10K for this summer semester). I've made the decision to move out (perhaps with a roommate, a close friend of mine). Does this seem reasonable to you guys or am I just acting out of anger/stress?

EDIT- also juts wanted to add that this is a 3 year FULL time program and once clinicals start we're normally at clinicals 3-4x a week and in the classroom the other days that we're not at clinicals so there's really no room to work at all. Which is a huge stressor as well.
Why can't you talk to your family to ask them nicely to change their ways for the better for you? Give them an incentive to do so and don't just bark at them or relieve yourself in a patronising way either because that won't help the situation either. If I were you I'd stay at home rent free and help costs when they are needed of you because from the sounds of it your family need you around more. Tell them you'll take them all on holiday all expenses paid if they could just help you be more productive.

Also, why can't you just close the door and play music to drown out the background noise when your family watches TV real loud or just wear headphones like everybody else, or like another suggested to just go to a library?

From the sounds of it you're jumping ahead of yourself because you'll move out eventually anyway and when you do decide to start working you'll be less in debt/ have more money to put towards *buying a home.

Stay at home, breh. Don't make yourself struggle for no reason than just to get away from little stresses.
 
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