Reply to With med schools going debt-free.. expansion into other fields?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Money rolls in for med students, enough for them to pay off their loan. Not sure of the wisdom of subsidizing a relatively lucrative profession. We would all be better served by subsidizing starving artists/musicians and/or other creative professions. [/quote]

I can't agree with you here.  My nephew just started his residency in a major city.  He's 300,000 in debt with a young son and his wife is a teacher.  He makes $56,000 a year working round the clock plus a mortgage.  Point is, the level of debt is crushing for a couple with advanced degrees in two noble professions..  Another anecdote is my husbands law partner's daughter is $500,000 in debt after med school (a combination of undergrad and med school).  She is choosing to work in a low income area in the South for a number of  years (10?  not sure exactly)  in order to be eligible for debt forgiveness.  Those that sign up for the medical profession are not in it for the money - maybe someday - but it is a very long road if your parents are not able to shell out an additional $300 K.  [/quote]

Residency is part of medical school/licensing.  He's making more than many others.  It was his choice to go to an expensive school.  He will make much more later on.  Plus, if they could not afford a house, they should have waited.  [b]They make $100K combined[/b], maybe more.  [/quote]

DP.  $100,000 combined is not a lot of money in many areas, including DC.  You clearly don't value doctors and what they contribute to society.  Unlike you, I'd prefer to subsidize doctors than starving artists and musicians.  By your logic about the doctors waiting if they can't afford a house, maybe arstists should pick a different career if being an artist doesn't pay enough.  Why do we need to subsidize them, after all, it is their choice to become artists.[/quote]

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