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- Jul 18, 2012
I've done this going on 7 years now so I see it first hand so I think people do t see what I see
A med degrees average debt is $170k roughly
The bigger the starting salary the easier it is to pay back
The low end stating salaries are about $145k in the field
If you are the low end $145k who owes $170k:
Monthly income after all said and done is about $8000
Student loan payment is about $1700
I am not really seeing a problem here and after 5 years or so you see big pay increases and I used the LOWEST salary doing that breakdown
There is always an exception to the rule but too many people cry about loan debt but do NO research or find the best school to put them with minimal debt but that was just my med degree point
Your numbers are arbitrary and flat out wrong honestltly... as one of my best freinds is doin his residence.. that starting salary is about 30 k high for his specialty... n the debt.... almost 130k higher haha where r u getting these numbers? Averages? Because some lucky ppl get scholarships the whole ride n skew the numbers.
Room n board? Food? I have a feeling that number repreaents the tuiton costs not the true costs...
MaY be wrong but in my experience... my mother noir my mans started at 140
I know you deal with this on the day to day but u dont thibk those nunbers r skewed?. Plus averaging salaries where some are sub 100k and some are more than 3/4 of a mill seems like a waste... its all highly subjective
SAme with the loan debt. Some of you have 0 debt n some of you have 300k debt... lets average it to get the true story of whats goin out there (see how its not nessecarilly thay easy)
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