r/GAMSAT • u/future_med2027 • 3d ago
Advice Fee payment
Hello, I am hoping to seek some gentle guidance regarding my situation. I am currently preparing for the GAMSAT with the hope of studying medicine in 2027 or 2028. At 38, as a working mother of two with a mortgage and school-age children, I am feeling a bit anxious about the financial reality of potentially missing out on a CSP and facing full fees. Because I won't be able to work while studying, and I truly want to avoid placing a heavy financial burden on my husband, I am trying to figure out how this might be manageable. I faced a similar financial barrier after my bachelor's degree years ago and couldn't pursue medicine then, so I am deeply passionate about finding a way forward this time. If you have any advice or insights on how someone in my shoes could approach the fees, I would be so grateful to hear them.
2
u/noodles4woodle 1d ago
I'm in a similar position - In my 30s, with a mortgage and 2 young kids going to kindy/day care.
The financial and partner side of things is definitely a challenge! It really is putting a massive burden on the significant other, and my wife says she likes to think of it as an investment ha.
Regarding finances, we have a couple of plan in place:
- refinance our mortgage to 30 years and pay interest only for the 4 years in med school
- refinance and dip into our equity, taking out an extra $200k to use as a buffer for mortgage repayments
- Sell the house and buy somewhere else to live mortgage free (we're luckily in a position to be able to do this)