- Joined
- Jun 28, 2010
- Messages
- 36
- Reaction score
- 4
With entry level salary at 65k-70k and cheaper state schools at around 70k tuition, what made you decide it was worth it to spend 100k+ in tuition in schools such as University of Saint Augustine?
That would be a nightmare.Wait.
$100,000 a year tuition?
Whoa, that's $43,000 more! That's a HUGE difference! I would not recommend this to most people, debt is a real thing. $43,000 is enough for a deposit on a house and a car! You are just trading freedom to choose a school for the freedom of choosing any job after school. Realistically, $43,000 will add about 7 years of debt for the typical PT. To pay off the whole $113,000 debt, It'll take 20 years, and that is just tuition! The point of going to a less expensive school is that you don't have to work 50+ hours a week, or feel the pressure of making $90k after school (I would love to know how to make that much $$ though, please share!) to pay off the debt. You can start "life" sooner!I decided to attend a school that was ~113K instead of cheaper options that were around 70k for many reasons.
The most important is that I am fortunate enough to recieve financial help from my parents and I have no undergrad debt, so cost wasn't one of my main factors when deciding on school.
My top factors in choosing a program were graduation rate (I wanted over 95% for a three year average), first time NPTE pass rate (again I wanted over 95% for three year average), location (I wanted to experience a new environment in a place that is fun to live in), and faculty( I wanted faculty with different specializations and that have been teaching for a long time). The program I chose fit those criteria so I decided to attend it over cheaper programs that didn't.
I also believe that you can make much more than 65k if you are willing to work 50 hour weeks, do travel PT, or work in a high paying areas like Las Vegas. I am expecting to earn 90k + immediately unless I do a residency.
I think it's important to pick the school that feels right to you and fits your criteria because this one of most important investments you are going to make in your life. What's the point of going to a cheaper school if you are going to be miserable there or if it doesn't have good graduation/NPTE pass rates? Of course, everybody's financial situation is different, so some may be forced to put cost as the most important criteria when picking schools.
Yeah I agree financially it isn't the best decision, but I am fortunate enough to have my parents helping me out. I put more value on graduation rate, first time NPTE pass rate, location and faculty before cost though, so to me it was a wise decision. I think grad school is going to be a once in a lifetime experience and investment and I'm making sure I get the best of both worlds. I didn't want to be miserable at a cheaper school for 3 years just cuz it was cheaper. To me, 3 years is a kind of a long time and I wanna be happy where I am.Whoa, that's $43,000 more! That's a HUGE difference! I would not recommend this to most people, debt is a real thing. $43,000 is enough for a deposit on a house and a car! You are just trading freedom to choose a school for the freedom of choosing any job after school. Realistically, $43,000 will add about 7 years of debt for the typical PT. To pay off the whole $113,000 debt, It'll take 20 years, and that is just tuition! The point of going to a less expensive school is that you don't have to work 50+ hours a week, or feel the pressure of making $90k after school (I would love to know how to make that much $$ though, please share!) to pay off the debt. You can start "life" sooner!
My state school will cost around $68K (tuition), which I can pay off at a comfortable 10% annual salary (assuming around $65,000) in around 10 years. Easy.
I know it is all "pie in the sky" when choosing a school, but be smart and do some simple math. A less expensive school will net you the same job as a more expensive school, but you will be much better off financially!
99.999% of the people there didn't have state school offers
I am going to a school with ~$110k tuition and as of now I don't think it is worth it. However, if you have financial assistance to pay it off quicker, I honestly don't think it is that big of a difference in the long run. But if you can't pay it off quickly, the loan difference grows significantly.With entry level salary at 65k-70k and cheaper state schools at around 70k tuition, what made you decide it was worth it to spend 100k+ in tuition in schools such as University of Saint Augustine?
We need to demand higher starting salaries that correspond with the required doctorate. Don't settle. Older Pts have more experience but don't have the debt or education that we have. We have to start somewhere.
Emphasize education, whatever else you do in school, and selection criteria in being chosen to get in. The lack of higher salary to me is an injustice.
Employers are not going to care about the education, unfortunately. Some PT's even mock our generations' financial situation. Many large hospitals do not even leave any room for negotiation as they have a set step system beginning with new graduates levels.
turn, how much we get paid.
If you were offered >40/hr starting then that's really solid. Your posts are always great.
Im assuming the want to decrease is because of loan burden. Im surprised its those courses that you mentioned though. Honestly, Ive only seen people arguing things like research and professional issues courses not providing much value.
We need to demand higher starting salaries that correspond with the required doctorate.
Wouldn't it be more accurate to say our salaries will be (are) tied to Medicare reimbursement rates? Health care's hardly a free market.The market will set our salaries. You can demand all you want, but if the supply of PTs is plentiful, your demand will be ignored.
I completely agree with you on all points. It'll be interesting to see where health care goes in the next few years.Yes. The bottom line is that our salaries are set by outside forces. "Demanding" higher pay because we have a doctorate simply does not make sense. And don't get me started on 2-yr online doctorates like South College's - I bet we'll see more of that kind soon.
Several folks mentioned cash-based PT practices. It's a good idea, but you'll need to find a relatively affluent area to open your practice in.
It'll be interesting to see where health care goes in the next few years.
Yes. The bottom line is that our salaries are set by outside forces. "Demanding" higher pay because we have a doctorate simply does not make sense. And don't get me started on 2-yr online doctorates like South College's - I bet we'll see more of that kind soon.
Several folks mentioned cash-based PT practices. It's a good idea, but you'll need to find a relatively affluent area to open your practice in.
Higher rank. I will start off saying that the US News rankings do NOT mean much in terms of program quality and job salary. However, I believe that people will more often times than not go to the program with higher rank, so higher ranked schools will have higher competition. Debatable but higher competition means that the ones who get in will usually be more "school smart." Doesn't mean much with salary, but it is nice to have a great network of PT's that are in the smarter end of the scale. Does having a more school smart network pay off in the long run? I have no idea lol.
This is pure myth. The highest-ranked schools on the USN list receive a fraction of the applications the state schools receive, because no one wants to pay that much. In addition, the most expensive private schools must admit a far greater percentage of their applicants to make sure they fill their classes. UNLV's acceptance rate is about 5%, whereas Northwestern's is twice that. And the "school smarts" bit is also complete bunk. The most competitive schools are most definitely NOT USC, Pitt, Northwestern, etc.
How did they get accredited?
You mean, how did South College's 2-yr online DPT get accredited? CAPTE, the accrediting agency, has rather minimal standards. Very much like the time I was conscripted into the army (not in the US): "You can fog a mirror? Congrats, here's your rifle!"
There was a discussion about South College in the salary thread (scroll to post #157, about midway down the page):
http://forums.studentdoctor.net/threads/starting-salary-for-dpt-new-grads.931151/page-4
I completely agree with you on all points. It'll be interesting to see where health care goes in the next few years.
Also, I read through the Audiology post. Sounds like a nightmare.
However, I have observed a growing trend of PT students petitioning to decrease the educational requirements in some basic foundational courses, such as pathophysiology, histology, pharmacology, etc. In my opinion, this just adds fuel to the fire coming from other professions that PT's lack the education to perform certain tasks. When our education, skills and efficacy comes into question, you bet that that will ultimately effect how our reimbursements are calculated, and in turn, how much we get paid.
This is the most naive thing I've read in a while.
The market will set our salaries. You can demand all you want, but if the supply of PTs is plentiful, your demand will be ignored.
Read the following post on SDN (Audiology section) to see what happened in that field. I don't think AuDs are in a position to make any demands right now, even though they have a doctorate.
http://forums.studentdoctor.net/threads/this-is-my-story-cautionary-tale.1008835/
Azi - congrats on your job! Benefits are ok, too?
Audiology is also a completely different practice than physical therapy.
If we're going to be autonomous practitioners and doctors of physical therapy, then PT school should probably be 2.5-3 years full-time with 30-36 weeks of internships.
I remember now. I think a better question would be do you know if accrediting agencies communicate with the professional organization much or do they act almost as completely separate entities and meet up every few years? that's a pretty vague question tho.
Schools must balance the demands of students with the interests of the profession as a whole. I don't think a bunch of young grad students should be dictating what gets taught in curriculum. There are always going to be courses that they don't like. But grad students should not be in a position to write the curriculum. This is almost communism. If anything, PT schools needs more of the classes that PT students want to eliminate or cut: differential dx, pharmacology, imaging, pathology, and advanced physiology. If we're going to be autonomous practitioners and doctors of physical therapy, then PT school should probably be 2.5-3 years full-time with 30-36 weeks of internships.
This is exactly why I brought up the education disparity issue. The APTA works closely with CPTE, but CPTE is an independent accrediting agency. I would like them to establish better accreditation requirements in terms of course identifiers and minimal hours requirement
How did they get accredited? I specifically talked with a family member who is a physician the other day and mentioned there are med schools talking about hybrid online and shortened programs. She said she wouldn't be hiring or working with them.............
I would assume many employers would call BS on those programs....at the same time I'm not sure if hospitals would just hire or not.
Professors do not teach in their lectures and upload lectures that take 10 hours to get through (per class).
So South College has not officially gotten accredited and tbh they shouldn't. I am currently a student in their charter class and can say it was the biggest mistake of my life. They are all well known physical therapists in the field that have published countless research articles but cannot teach for anything! The online component of the program could be so much better. Professors do not teach in their lectures and upload lectures that take 10 hours to get through (per class). If anyone out there is thinking of attending their program, DO NOT DO IT! Even if it is the only program that takes you.
Did you know this before you enrolled??
The director of our program has recently informed us that he is jumping ship to run Baylor's program.
Dr. Child's was the director at South College and is now the director at BaylorIs this former director Dr. John Child's? What program were you in?
The former director of South College's Doctor of Physical Therapy program is Dr. Michael Walker. He is now at Baylor. Dr. John Child's was basically the guy that spearhead the whole thing. Owner, money guy, whatever you want to call him. We saw him at orientation, at one of our labs for a day, and I'm not sure if he went to the new grad's graduation or not.Is this former director Dr. John Child's? What program were you in?
Dr. Childs is the guy behind the curtains. Dr. Walker was our director essentially. We never see Childs.Dr. Child's was the director at South College and is now the director at Baylor