Reply to Do you think the costs of professional school (med, law, dental etc) are unsustainable?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My child graduated with med school debt only (we paid living expenses). He has continuously paid down his debt thru residency and during the pandemic pause. He starts his attending job this summer and will continue to pay much more than is required. So, paying off your debt is doable, but you have to make it a priority. [/quote]

This is such a smug response. Do you seriously think paying down debt is not a “priority” for people with $400k of student loan debt?  And of course your kid has it easier—you paid four years of living expenses. That’s a LOT of money. Tack that on to tuition and start adding interest and see how much less “doable” this would be for your student. And I bet you subsidized them in other ways you aren’t mentioning, like insurance, phone, transportation, clothing, and so forth.[/quote

I apparently am the smug poster. I am very well aware of the high interest rate and read everyday on this forum about the people who opted out of paying school loans during the pandemic for no other reason that they didn’t have to.  No unemployment, but just didn’t pay. Big mistake Democrats. Well, my kid made a different choice and kept paying down his loans.  In addition, every medical student had the option and opportunity to pursue the military to avoid these loans.

-The smug one[/quote]

Medical school and military option - there is actually a couple options and one is if you agree to work in rural military bases in the US, then a portion of your loans are forgiven after a certain number of years of service but not all loans are forgiven.

This might surprise you but just because you show up at the recruiter and say hey I want to be a doctor sign me up for the military and pay for my med school, they might not agree and say nope sorry. But you can join the military for x number of years, do this other job, and then get the GI bill which itself is not endless and isn't going to cover the full amount of med school.[/quote]

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