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What’s the average monthly debt payment for a typical resident? That will tell you a lot more about what their actual income looks like.
by claudeganon 6y ago
What’s the average monthly debt payment for a typical resident? That will tell you a lot more about what their actual income looks like.
- newacct583 6y agoIf you're going to include long term assets then you need to include the rest of the career too. That's the way residents actually look at the problem, after all. "Doctors" do well. Residents struggle a bit in comparison, but not really that much relative to their other post-graduate-degree compatriots.
- tsco77 6y ago$200/300. Everyone uses income based repayment plans. It's literally impossible to make standard payment plan monthly payments on a residents salary (assuming a average debt). Those payments don't even reach the principle though, so it's more just kicking the can down the road.