Application for NUS/NTU Medicine 2021/2022

[Sunny_19708]

Hi Sunny, no prior experience with NTU WL as DS did not take BMAT and only applied to NUS then.

Thank you

[Desmond Tang]

How about NTU WL? Appreciate your sharing as my DD was placed under NTU WL.

Not to worry too much and just wait for the best possible outcome. A rough gauge is that NTU LCKSoM practices the UK standards of prioritizing and shortlisting their candidates. But come year 2023, NTU will be moving away from UK systems.

If your DD's BMAT is good then she could be in the front among the other queuing candidates. So the chances of getting an offering is there.

NTU quotas is just around 150 as compared to NUS of 300. Students who applied for NUS also applied NTU. These students also gotten offering from both sides or being placed on waiting list from both sides.

NUS YLLSoM has been a favorite choice and most likely some of them might jump over to NUS from NTU. Let hope that those NTU students jumping over and coupled with some students going into NS and will study medicine later, will open up more vacated slots for those in queue to get better chances.

Wishes you and DD the best outcome. Stay positive as there are plenty of other exciting avenues one can still go for besides medicine.

[wongwong]

First of all you have been asking about the cost of liquidated damages. So can only provide an estimated cost to be around $700K (5 years) based on 'Chinese Whispers' heard from past bond breaking student liquidated damages cost estimation. The medicine course has been heavily subsidized by our government and thus the damages incurred that they have to recover plus interest added.

You can't use it as a work out for comparing the medicine tuition fees for overseas universities. Studying medicine locally is still cheaper verses overseas. You can Google around on the medical chat forum to read reviews from students. Besides tuition fees other cost like living expenses, foods, transport, insurance for medical coverage, handphone, laptop and etc... Minimum you must have $500K to start off your application overseas and it could be more.

Selling one's property to finance education is not an option unless you have prepared for other backup as a cushioning in the events of any hiccups along the journey. Today's world is completely different and turn of events are unpredictable, so be prudent and careful.

Not exactly selling one's property but maybe downgrading to a smaller flat to raise the money.

Can consider it as a form of investment.

Top up another 250-300k and study medicine in UK if unable to get a place here.

A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.

Like all financial investments in life, there are some risks involved but the returns can be substantial in this case.

[Terrydad]

Not exactly selling one's property but maybe downgrading to a smaller flat to raise the money.

Can consider it as a form of investment.

Top up another 250-300k and study medicine in UK if unable to get a place here.

A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.

Like all financial investments in life, there are some risks involved but the returns can be substantial in this case.

Hi wongwong,

Just to share that my cousin's son graduated from an Australian med school. He came back to do his housemanship in NTFGH and subsequently left, as he couldn't continue for some reason. I dont know exactly why, but it could be related to the pressure of the job and parental expectations. His parents spent 580k on the Australian degree, excluding flights to and fro. Graduating from an overseas university, while paying twice as much as a local student in Australia for the same degree, doesnt guarantee a good ROI.

The 250k accruing to the 30 year old doctor doesnt accrue to his parents. He may use the money to buy a house, get married, spend it on his children. The parents may never see their original 580k again.

[Zeal mummy]

Hi wongwong,

Just to share that my cousin's son graduated from an Australian med school. He came back to do his housemanship in NTFGH and subsequently left, as he couldn't continue for some reason. I dont know exactly why, but it could be related to the pressure of the job and parental expectations. His parents spent 580k on the Australian degree, excluding flights to and fro. Graduating from an overseas university, while paying twice as much as a local student in Australia for the same degree, doesnt guarantee a good ROI.

The 250k accruing to the 30 year old doctor doesnt accrue to his parents. He may use the money to buy a house, get married, spend it on his children. The parents may never see their original 580k again.

Sad story, but very real. One of the many reasons why some parents/children would choose other paths towards success.

[Zeal mummy]

Not exactly selling one's property but maybe downgrading to a smaller flat to raise the money.

Can consider it as a form of investment.

Top up another 250-300k and study medicine in UK if unable to get a place here.

A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.

Like all financial investments in life, there are some risks involved but the returns can be substantial in this case.

in such cases, one may need to have an agreement w the child to return the investment in full with some ROI.

I know a few 30 year old insurance/property agents who make 20k monthly too. There are many roads to success.. especially if money is how you define it.

[Reb]

I heard from my daughter a few years ago that one of her friends who was a fresh graduate with computer science degree, his entry level is $10k/mth.

For me, if my child is very keen to study medicine, I'm with him all the way to support him to pursue his passion.

[Terrydad]

Sad story, but very real. One of the many reasons why some parents/children would choose other paths towards success.

Quite true. It's not easy coping with the 36 hour shifts, bullying nurses (towards housemen), sleepless nights, long commute and parents who just spent half a million on your medical degree. They really have no Plan B for my cousin's child and it's hard to see what else he can do after 5 years of medicine.

A Masters degree has been suggested but he will have to get a bank loan as his parents are financially quite drained. An only child, all his parent's hopes pinned on his back, not easy.

[Harrods]

Parents tend to make it a 'Mission' in supporting their offspring, over-stretching their finance in some cases and often overlooking their own needs. Of course there are happy ending, nonetheless sad ones are very common as well. In our case, we decide to use cash for local tuition fees after some maths, without a ROI. We thought, it is also parents' responsibility to provide funding for their educations. In extreme case (fortunately didn't have to) where finance is tight to support an overseas med-study, parents has to explain and encourage alternative to secure a full/partial study-loan, surely they can handle. Just won't show-hand & forget about living well for ourselves.

Med is quite diff.
I often hear med-students saying their peers/seniors in finance filed is expecting to draw more than them before turning 30. For mbbs, at the end of the 5 yrs bond, 8-9k/Mth is quite normal. Beyond the bonded years, that's where the income grows, depending on what specialization path they take. Frankly, poor doctor is hardly heard of.

DD had a shot at uniform scholarship before applying to med.
After 2nd interviews; The same interviewer in uniform with 2 crests explained that eventual role is likely be part of the command team, policy makers. She decided not to pursuit and reasons were, she wants to be real doctor and money is not her priority. She decides to make us poorer

Like many med-students, they are aspired to be a doctor for a good cause ; They knew money will come later.
But most parents not in medical field; no clue or little clue, what is means to be a doc in their ds's/dd's perspective.
In plain words, most parents think about earning power for being a doc, not wrong, just different.

DD is finishing yr3, soon yr4 starts.
She says, med-study is interesting but challenging as always. many of them feels 'Jaded', but pressing on to complete what they started. She wasn't concern about future earning in the past...Now I sensed she is starting to have thoughts on future planning that ties to finance. Now, this is part of growing up and soon they will be on their own.

What started as a pure passion to be a doc, a scientific healer, eventually cannot escape the real world expectation where success is somehow measured by eventual wealth (among other aspects) that comes along. Parents were right all along, some say its because we taken more salt then the rice they eaten

Just sharing for thoughts..

in such cases, one may need to have an agreement w the child to return the investment in full with some ROI.

I know a few 30 year old insurance/property agents who make 20k monthly too. There are many roads to success.. especially if money is how you define it.

[Harrods]

Precisely the point according to your case.
No concern with repaying study-loans...parents dont need to downgrade/sell roof.

While it is agreeable that there are risks in any investment. They are done with disposable funds, can afford to lose type of monies.

Am quite curious about your age...where the braveness arises from..

A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.

Like all financial investments in life, there are some risks involved but the returns can be substantial in this case.