- Joined
- Dec 15, 2019
- Messages
- 68
- Reaction score
- 54
There's no "may." They will be. Some schools are fairly low in tuition, so OP might get out relatively unscathed, but if OP has a lot of loans already, then it would be impossible to service those loans without a doctor's salary. That's just how it works. You can pay 15% of income for 20 years and then have it forgiven, but you would still face a tax bomb.
Do you want to face the prospect of not being able to pay the IRS your tax bill in 20 years, OP?
There is literally no safety net for someone who does not complete a medical education. You either reapply to school (which has its own issues but is not necessarily impossible... but why put yourself through that?) or you find some other career that won't pay your student loans off. You would have the income based repayment schedule so you don't default on student loans, but you still have to pay the tax bill in 20 years. Imagine having like 100k in student loans forgiven and then being charged tax for that (100k + your yearly gross income taxed at a higher bracket).
If your spouse won't support you while in med school, find a new spouse.
OP has enough money to pay for med school, no loans, and then some left over.