u/Popular_Split9441

Incoming OMS1 debating between HPSP vs MDSSP vs Eating the loans

Basically as the title suggests, I’m an incoming OMS1 and am currently going to be attending an out of state school. I’m having a bit of trouble deciding on which route would be the best for me. I’m a 28 yo non-trad student for reference. Basically in my early 20s I cooked myself with credit card loans, currently sitting at around 25k and my Credit score has tanked. With the federal loans being capped and having to take a private loan to cover my housing and a portion of tuition, I’m looking at least 100k extra in private loans. With my low credit score the rates I already know would be insane and thats with a cosign.

Ive looked into the HPSP and MDSSP and am wondering if I should just go for it for the financial peace of mind while i’m in school. MDSSP is appealing because of the flexibility and the stipend. Was planning in aggressively paying of the cc debt with whatever’s left of the stipend after housing and life expenses.

HPSP on the other hand though not as flexible in the future, would allow me to pay the CC all off extremely quickly, especially since i’d get a (taxed) 20k signing bonus. I’m not 100% opposed to the military since my dad was in the army and am familiar with it.

Im pretty much 50/50 on hpsp and mdssp at the moment and just want some outside perspective to see if its worth it or just eating the high private loans rates. I also do want to get Into radiology and the military match just seems so hit or miss so thats another thing thats holding me back from hpsp. But something pushing towards HPSP is that my fiance and I are planning on starting a family in 2 years and it would be extremely helpful to have the financial piece of mind during school as well as the housing piece of mind later down the line. My parents would also be moving with us to help with the kids when I graduate and have to move which im extremely thankful for.

Anyways to summarize, im not against being in the military, im pretty indifferent about it, but I wanna know what others think. Idk if theres anyway to pay off my cc debt while im in school which is honestly a big factor as to why im looking into the military. Again im not opposed to sacrificing 8 years but would like to see if theres an other advise out there. Thanks!

Basically as the title suggests, I’m an incoming OMS1 and am currently going to be attending an out of state school. I’m having a bit of trouble deciding on which route would be the best for me. I’m a 28 yo non-trad student for reference. Basically in my early 20s I cooked myself with credit card loans, currently sitting at around 25k and my Credit score has tanked. With the federal loans being capped and having to take a private loan to cover my housing and a portion of tuition, I’m looking at least 100k extra in private loans. With my low credit score the rates I already know would be insane and thats with a cosign.

Ive looked into the HPSP and MDSSP and am wondering if I should just go for it for the financial peace of mind while i’m in school. MDSSP is appealing because of the flexibility and the stipend. Was planning in aggressively paying of the cc debt with whatever’s left of the stipend after housing and life expenses.

HPSP on the other hand though not as flexible in the future, would allow me to pay the CC all off extremely quickly, especially since i’d get a (taxed) 20k signing bonus. I’m not 100% opposed to the military since my dad was in the army and am familiar with it.

Im pretty much 50/50 on hpsp and mdssp at the moment and just want some outside perspective to see if its worth it or just eating the high private loans rates. I also do want to get Into radiology and the military match just seems so hit or miss so thats another thing thats holding me back from hpsp. But something pushing towards HPSP is that my fiance and I are planning on starting a family in 2 years and it would be extremely helpful to have the financial piece of mind during school as well as the housing piece of mind later down the line. My parents would also be moving with us to help with the kids when I graduate and have to move which im extremely thankful for.

Anyways to summarize, im not against being in the military, im pretty indifferent about it, but I wanna know what others think. Idk if theres anyway to pay off my cc debt while im in school which is honestly a big factor as to why im looking into the military. Again im not opposed to sacrificing 8 years but would like to see if theres an other advise out there. Thanks!