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http://benbrownmd.wordpress.com/2010/06/20/informedconsent/
Interesting comments at the end. What do you guys think?
Interesting comments at the end. What do you guys think?
This has to be a concern for a lot of the non-traditional medical students who go to medical school shortly after completing another professional program. Sometimes I wonder if those folks ever make back the money they have put into education.
Are all residents/doctors such cry babies? Although I suppose most professions have somewhat of a martyr complex when it comes to debt/hours/reimbursements. Some of those comments in that thread make me laugh. Working 150 hours a week and barely being able to make it by as a doctor? Maybe if you have a gambling problem or are sleeping with a different prostitute every other day.
He states in the article that med students spend around 80 hours per week in training during all 4 years of med school. The only time I came close to that was on surgery rotation. and I spent far less than 40 hours per week in college. He is also contrasting becoming a physician with working straight from high school. Most people who attend med school would attend college and probably grad school as well regardless of what field they went into.
Stop ruining my dreams.
Average undergraduate debt is ~$23k.this paper is interesting. who pays around 100k for undergrad? I dont have time for it, but id be curious to see some of his sources.
the fedex article was littered with assumptions and calculations generous to the medical side, this one is no different. isn't this the same guy? he should have gone to law school. the way this was written, perhaps he would have enjoyed that more.
This article is interesting. I find one thing missing is that physicians can die from heart attacks during that period 20 years, leaving their debts to their spouses, children, and grand children children.
If you're referring to educational debt, I'm pretty sure that is forgiven after death.
This has to be a concern for a lot of the non-traditional medical students who go to medical school shortly after completing another professional program. Sometimes I wonder if those folks ever make back the money they have put into education.
Working 150 hours a week and barely being able to make it by as a doctor? Maybe if you have a gambling problem or are sleeping with a different prostitute every other day.
yeah, there were some pretty gratuitous exaggerations there. I'd love to meet that surgery resident husband who studies for the ABSITE until 1:30am every night.Are all residents/doctors such cry babies? Although I suppose most professions have somewhat of a martyr complex when it comes to debt/hours/reimbursements. Some of those comments in that thread make me laugh. Working 150 hours a week and barely being able to make it by as a doctor? Maybe if you have a gambling problem or are sleeping with a different prostitute every other day.
Average undergraduate debt is ~$23k.
Source: http://redandblack.com/2011/05/02/undergraduate-debt-increases-across-country/
this paper is interesting. who pays around 100k for undergrad? I dont have time for it, but id be curious to see some of his sources.
Federal student loans die when the borrower dies.
http://studentaid.ed.gov/PORTALSWebApp/students/english/discharges.jsp
My undergrad was over $20k per year and that was a lot of years ago. It's more now. While I'm sure the average is lower than this, when you factor in all the public schools, it's not not inconceivable that there are people who borrow that much in undergrad. Then if you borrow another $150k to $200k for med school you come out into your career with over $300k in debt.
In the case of a doc with a lot of assets, do the Feds come for the estate?
Concern? No. Most high net worth professionals who make career changes know they will never likely catch up. But those changes are made for reasons other then money. If the money were meaningful to them, they would stay put.
Concern? No. Most high net worth professionals who make career changes know they will never likely catch up. But those changes are made for reasons other then money. If the money were meaningful to them, they would stay put.
I think we all know that there are much more efficient ways to make money than becoming a physician. Regardless of the latest calculation, if you're in it for the money you've made a mistake.
We're slaves. Just face it. They've jacked up the costs of education to the point where not practicing afterward would land you in a veritable debtor's prison. And now they want to control income too, fcking people from both ends. Medical education is incredibly wasteful and inefficient. How much does one actually remember from MS1, let alone 4 years of undergrad? A lot of medical issues are very simple and can be solved without much education but it's illegal to do so unless you have $300k debt and more formal education than a rocket scientist. Why so many barriers to providing and receiving care in this country?
I think we all know that there are much more efficient ways to make money than becoming a physician. Regardless of the latest calculation, if you're in it for the money you've made a mistake.
more efficient? I doubt it (though we may be defining "efficient" differently). The best money with the most job security is medicine. Most people in other industries make dick - enough to pay rent, the bills, support a car payment, but that's about it really. $50,000 a year is not much money, not really, and it definitely doesn't go as far as it used to with the dollar devaluation handed to us by thoughtless fiscal and monetary policy by the government for decades. Other ways of making money are definitely much more of a gamble.
we've got no one to blame but ourselves for that unfortunately.
... Can you turn 200k into a 200k/ year salary without medical school because if you can then medical school isn't worth it...
I think we all know that there are much more efficient ways to make money than becoming a physician. Regardless of the latest calculation, if you're in it for the money you've made a mistake.
I think you have to also include a price for the job stability. I can't think of a job with better job security than being a physician....
not in today's economy...good luck finding a job with a solid income with a degree from a liberal arts school. A lot of people are in medicine for job security. Its a job.