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With tuition costs creeping up pretty much everywhere coupled with increased interest on federal loans and decreased physicians' salaries I'm surprised there isn't more attention brought to attending USUHS for monetary reasons. Especially considering that this forum is extremely debt-averse and will almost always opt for the cheaper option unless there is a vast difference in ranking/prestige.
At USUHS the COA is free and they pay you $50k per year for 4 years to attend. So compared to a typical school with $50k COA that's a $400k profit you would make attending USUHS not even counting interest on your loans + the money you make putting part of your salary in a Roth-IRA while at USUHS at a young age and watching it balloon as you get older. During the duration of med school alone you could very easily make over $600k attending USUHS vs a typical med school. During residency you also get paid more than civilians (~$65k per year) so there's even more profit there. Yeah there's the 7 year minimum military requirement where you aren't paid as much as your civilian counterparts but having absolutely zero debt + $$$ to spend during your 20's when you can actually enjoy it and not when you're an old fart makes up for that IMO.
Looking at old threads the saying is "don't do USUHS/milmed for the money" but that was when COA at med schools was half of what it is now and with interest rates half of what they are now. Not to mention the slashing of salaries across the board in everything besides primary-care (which is low-paid anyway) and the looming effects of Obamacare (if it doesn't get repealed) makes USUHS seem like a fantastic option for those of you who are debt-averse and want to make a decent living while attending medical school
Thoughts?
At USUHS the COA is free and they pay you $50k per year for 4 years to attend. So compared to a typical school with $50k COA that's a $400k profit you would make attending USUHS not even counting interest on your loans + the money you make putting part of your salary in a Roth-IRA while at USUHS at a young age and watching it balloon as you get older. During the duration of med school alone you could very easily make over $600k attending USUHS vs a typical med school. During residency you also get paid more than civilians (~$65k per year) so there's even more profit there. Yeah there's the 7 year minimum military requirement where you aren't paid as much as your civilian counterparts but having absolutely zero debt + $$$ to spend during your 20's when you can actually enjoy it and not when you're an old fart makes up for that IMO.
Looking at old threads the saying is "don't do USUHS/milmed for the money" but that was when COA at med schools was half of what it is now and with interest rates half of what they are now. Not to mention the slashing of salaries across the board in everything besides primary-care (which is low-paid anyway) and the looming effects of Obamacare (if it doesn't get repealed) makes USUHS seem like a fantastic option for those of you who are debt-averse and want to make a decent living while attending medical school
Thoughts?