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Reply to "How do most middle to UMC families pay for college?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How the hell are people going to afford med school?[/quote] Most med school students have doctor parents, it's sort of a family trade. It is very hard to become an MD from a LMC family. The truly exceptional ones get full ride at Cleveland or NYU, but still need around 40k-60k for postdoc or highly competitive residency matching. I guess they don't think we need a lot of MDs now, if people will die from Medicare and Medicaid cuts. [/quote] Most families with med parents, the kids don’t follow. That’s what I have seen. It’s the middle class (and lower class) kids who pursuer it nowaydays. The kids with the med mom/dad are pursuing passion careers. These days, Med work is tougher option - hard to get there and stick with it. [/quote] Our DS will be the 3rd generation MD in our family and there are no LMC or even MC students in his program. There are so many fees and extra expenses in addition to the tuition, it's hard to keep up as someone from a modest background. Mine has lots of very well off immigrant kids in his program and pretty much everyone is coming from a family with a medical background. There was a big push to recruit from disadvantaged backgrounds but this profession is the text book example of delayed income, so most cannot afford it. The newer generation of MDs are also getting a concurrent MBA and most plan to run their own clinics, which is a very lucrative gig. Some are getting in business with the private equity shops. My FIL practiced during Reagan times and it was pure robbery imo, he'd make 2 millions each year. We're heading there again, with very little ethics enforceable in the industry. [/quote]
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