The average student loan debt for medical school is $251,600.

the other mike

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Jan 5, 2019
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These are two separate articles about it.

Unsurprisingly, physicians are ranked as the world’s most respected professionals. Naturally, the individuals that we entrust with our well-being should be held in the highest regard. Not only do we commonly portray them as perfectly magnanimous and self-sacrificing, but they are also perceived to be wealthy and capable of living extravagant lifestyles.

However, their prestige comes with a price. Becoming a physician is one of the most arduous career paths. After completing 8 years of college and medical school, candidates have to enroll in a residency program and obtain a license before being able to practice.


https://dbknews.com/2019/09/24/students-medical-school-debt-loans-scholarships-mental-health/

Eight out of 10 medical school graduates borrow to earn their degree — and most take on six-figure debt with 18% borrowing $300,000 or more.

A roundup of the latest statistics show average medical school debt now exceeds $200,000. While medical school graduates can generally expect to earn six-figure salaries, nearly half plan to apply for student loan forgiveness:

  • Average medical school debt → $232,300
  • Average education debt after medical school → $251,600
  • Average salary with a medical school degree → $210,980
  • Average time to repay medical school debt → 13 years
Average Student Loan Debt for Medical School for 2020
 
13 years to pay off the debt and then make $250k+/yr for the rest of your career? That's a hell of a deal.

Though if Bernie wins that salary is going to go way down, along with quality if you are anything like Canada.
 
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That average salary is weighted down by women who work part-time and specialize in low-income areas. For a typical male doctor the number is much higher.

You all understand, right?, that these are the loans that the Democrats think ought to be forgiven?
 
Mayor Pete says he's re-examining his position on cancelling student loans...HIP HIP HOORAY!

 

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