so here is a scenario....
school tuition per year: $25k
cost of housing per year: $8k
cost of gas, food, bills per year: $6k
cost of relocation for clinicals per year: $3k
total cost per year: $42k
for 3 years....$42k X 3 = $126k principal loans
based on subsidized and unsubsidized with grad plus and interest rates...that means around $170k paid back within 10 years after graduating of principal and interest.
that equates to just under $1400 per month in loans
if avg starting salary is around $68k then that means you net around $51k per year or about $4250 per month after taxes.
Total Net after taxes and after educational loans = $4250-1400= $2,850 for mortgage, bills, food, gas, socializing, savings for the first 10 years after graduating......if you buy a $200,000 house, it is around $1500 per month mortgage + taxes which is around $1700. that leaves around $1100 for bills, food, gas, savings per month for the first 10 years.