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100K in student loans for a doctor? Not even close...that's what just a normal bachelor grad tends to have(well those that go to private schools). For a docto
by vaksel 16y ago
100K in student loans for a doctor?
Not even close...that's what just a normal bachelor grad tends to have(well those that go to private schools).
For a doctor, those numbers are much more closer to 250-300K.
And that's not even the worst part...once they graduate and get their medical degree...they have to do their residency, which means they spend a few more years working for peanuts while their debt continues growing.
- Retric 16y agoYour numbers are way off base. "Among graduating 4-year undergraduate students who applied for federal student aid, 86.3% borrowed to pay for their education and the average cumulative debt was $24,651. (For just federal student loan debt, excluding PLUS Loans, the figures are 61.6% and $17,878." Now, a small number of people get into huge amounts of debt but it's uncommon because normally it's irrational behavior. Going to a big name school is much like buying a Prada handbag there are upsides and a lot of social pressure to do so, but for most people it's simply a bad idea. PS: The best case for Harvard is vary good, but so is buying a lottery ticket. Once you consider a wider range of outcomes and risk vs reward things shift. EX: Consider what happens if you don't like being a Doctor?