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

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[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]

He's just starting out -- don't worry, the money will roll in down the line.  I have a couple of cousins who started out life after med school like this, with debt and families to support.  Those families started doing quite well after residency.  [/quote]

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