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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op did you attend college? If so, did you have Pell grants? I’ve discovered that many families use their own 25 year old lens when dealing with the realities of financial aid. There have been several changes and even single parents with moderate incomes qualify for very little aid. The loans they offer to cover the gap do not come cheap. [b]I know someone in their late forties still paying off medical school. [/b]With the influx of foreign money and families to the US the competition is even more brutal. Get very serious about four year outcomes when guiding your DC, this is the equivalent of a mortgage without the benefit of a 30 year runway. [/quote]

MD, we know one or two, but they are rare. The rest of us all paid off within 15 years,  many of us with double loans/300k or more (in 2002 dollars) due to MD spouse.  We have nice houses and afford private K-12 in the DMV. [b]Most of us had no help from parents as many were pell grant kids ourselves, [/b]or have families overseas. If a doctor is in their late 40s and has not paid off med school, they have completely mismanaged their money. Full stop. 
Even the lowest paid specialties get 250k a year for full time, and they were over 200k fifteen years ago. [/quote] And that’s the difference, you are using the lens of a Pell grant recipient. OPs child probably does not qualify. Imagine paying 200K plus now out of pocket for undergrad and still needing to pay for med school.[/quote]

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