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Sunday, 24 June 2007

Should I worry about having enough money for university? -

I m a 16-year-old girl. I ve had several jobs starting from when I was 8 years old, and I ve saved all the money I ve earned over the years. My parents have put all this money into Canada Savings Bonds, mutual funds, and GICs. Right now I have about $15 000 saved up. Whenever the total money in my bank account reaches $500, I invest it somewhere else because my bacnk account doesn t have a high interest rate. My parents have also started contributing to an RESP (registered education savings plan) in my name and so far there s about $10 000 in it. I want to become a family doctor, so that means 4 years of university to get a bachelor s degree, then four years of medical school. I plan on living at home and going to a great university/med school nearby, so the first 4 years will cost me about $10 000 a year and medical school will cost about $20 000 a year. I do extremely well in school (94% average so far in Grade 11, won the gold medal for highest average in grades 9 and 10), participate in lots of extracurricular activities, and do a lot of volunteer work, and I m planning on applying for every scholarship I can. Should I worry about having enough money for university, and what should I do about it? I really don t want to have to get a loan.|::::|I think you are doing just fine. You sound extremely smart! If you started working when you were 8 years old, you must really want this. I definitely think that you will earn enough money. Since you are only 16, you still have some time left. I wish the best of luck to you!|::::|There are lots of cutbacks in funding for scholarships so more people are worrying. You are smart to plan ahead. Consider the military as your entrance into the world of medicine. THey might pay for everything if you agree to serve for 5 years as a doctor..

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