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Reply to "Student Assets and Financial Aid for Med School / Law School"
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[quote=Anonymous][quote=Anonymous]"We are paying 100% of our kid's medical school + living exp right now. It is eye popping expensive." Unless you're extraordinarily wealthy, there is no reason for you to pay on your kid's med school loans or to support them through school instead of them taking loans. There is no profession that needs help less than physicians. Docs can very easily earn over $100K while "slumming" in a job that will get their loans forgiven. And if they don't want to do that, they can just take a starting salary in one of the lowest paid specialties that will not be below $200K their first year out. Oh yeah, and during their residency, they get paid about $65K annually in the lowest specialty areas. Do not feel sorry for them and do not suffer financially through your own retirement for them. https://www.advisory.com/en/daily-briefing/2021/04/19/physician-compensation#:~:text=On%20average%2C%20primary%20care%20physicians,compared%20with%20%24346%2C000%20in%202020.[/quote] Understood. We are not extraordinarily wealthy or even wealthy but this is something we wanted to do. [/quote]
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