- Joined
- Jul 21, 2008
- Messages
- 995
- Reaction score
- 506
Hey everyone,
I'm interested in psychiatry but I'm concerned about the (relatively) low pay. I know money is not everything so hear me out.
I'm looking to be in significant debt by the time I'm done with residency which all stems from med school. I paid for my own undergrad and worked to pay it off as soon as I could. I'm probably going to be in a 400k+ hole by the time I'm done training. I go to a state school as an out of state resident so that's why tuition is so expensive for me and there's not much I could have done about it besides apply to DO schools which at the time I refused to do.
Anyway, is it possible/realistic to work a full time job with set hours (ie 40 hours) while working another 10-20 hours on the side to supplement my income? Obviously I will only be doing this for a few years until my loans are paid off. Is it realistic to make 300k+ this way?
I know about loan repayment programs but I don't have full faith in those things as policy makers can change its criteria at any time they want (as evidence by Obama changing the criteria for one of it recently). I also hear that the scholarships for under-served areas are going away next year so there's that as well. So it seems it's all up to me to pay back these crazy loans.
Can anyone chime in?
I'm interested in psychiatry but I'm concerned about the (relatively) low pay. I know money is not everything so hear me out.
I'm looking to be in significant debt by the time I'm done with residency which all stems from med school. I paid for my own undergrad and worked to pay it off as soon as I could. I'm probably going to be in a 400k+ hole by the time I'm done training. I go to a state school as an out of state resident so that's why tuition is so expensive for me and there's not much I could have done about it besides apply to DO schools which at the time I refused to do.
Anyway, is it possible/realistic to work a full time job with set hours (ie 40 hours) while working another 10-20 hours on the side to supplement my income? Obviously I will only be doing this for a few years until my loans are paid off. Is it realistic to make 300k+ this way?
I know about loan repayment programs but I don't have full faith in those things as policy makers can change its criteria at any time they want (as evidence by Obama changing the criteria for one of it recently). I also hear that the scholarships for under-served areas are going away next year so there's that as well. So it seems it's all up to me to pay back these crazy loans.
Can anyone chime in?