Take The $100 Challenge. Discuss how you are saving money with other PCOM students. Find resources on how you can save money on housing, food, and transportation.
The $100 Challenge
|$100 Now||≈||$1,800 Later|
If you reduce your monthly spending by $100 for a year,
you save nearly $1,800 during repayment.
- Make a commitment to reduce your monthy expenses by $100 over 12 months.
- For most students, this would reduce your Federal Direct Graduate PLUS Loan borrowing by $1,200 for the year.
- This not only saves you $1,200 from not borrowing, but you also save an additional $587 in fees and interest during a 10-year repayment.
- That's almost $1,800 total saved!
|Reduce your monthly expenses by $100 for a year|
|Nearly $1,800 saved during repayment|
|Can you save $200 less per month? How about $300 or even $400? The amount saved during repayment only increases|
|*||Assumed borrowing from the Federal Direct Graduate PLUS loan|
|*||The Federal Direct Graduate PLUS loan currently has a 7.9% fixed interest rate|
|*||Assumed repayment under the standard 10-year repayment plan|
|ARE YOU READY TO TAKE THE $100 CHALLENGE?|
Poll: Have you Taken The Challenge?
Have you committed to take The $100 Challenge? Let us know about your commitment in the poll below.
How much have you committed to reduce your monthly expenses by?
How PCOM students are saving money
PCOM students: Have you committed to take the $100 Challenge? How are you saving money and living frugally while in graduate school? Share your ideas and suggestions with other PCOM students in the comments section below!
PCOM Endowed & External Scholarships
Below is a listing of endowed & external scholarships applicable to medical and graduate students at PCOM. Note that the scholarship information listed in this document is for the 2012-2013 school year. Updated information for external scholarships can be found at the listed websites.
The Big 3
Often times when students consider saving money, they immediately think about small expenses. Instead, it is worth noting that cutting one major expense could save the student a great deal of pain in cutting their budget in other places. We would encourage students to review these top three expenses incurred by most students:
Don't Limit Yourself to Apartment Complexes
Lists, Menus, and Budgets
Cook in Bulk for Lunch Leftovers
Other Grocery Tips
Read more ways to save on your grocery shopping:
Re-Shop Your Car Insurance
Bus, Bike, or Walk
Savings Over Time Calculator
Saving small amounts money over a short period of time can result in substantial savings in the future. Take some time to run the numbers yourself to see the impact of savings over time with this Benefit of Saving Less Calculator: