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So I was taking a stab at doing some math regarding the cost of an osteopathic education.
Considering that some schools are getting close to $47,000 it is really making me reconsider.
$47,000 x 4 years @ 7% = $219,000 then another 3 years at 7% during residency is $268,000
This in addition to $20,000 of ugrad loans. $20,000 for 7 years at 7% is $32,000
If I chose to pay this off in 15 years the total cost of debt and interest would be $485,000.
Of course this is all in hypothetical but is it really worth it?
I mean, I enjoy bio/chem and all the science but how could I study and concentrate without considering I'll be so far in debt?
Considering that some schools are getting close to $47,000 it is really making me reconsider.
$47,000 x 4 years @ 7% = $219,000 then another 3 years at 7% during residency is $268,000
This in addition to $20,000 of ugrad loans. $20,000 for 7 years at 7% is $32,000
If I chose to pay this off in 15 years the total cost of debt and interest would be $485,000.
Of course this is all in hypothetical but is it really worth it?
I mean, I enjoy bio/chem and all the science but how could I study and concentrate without considering I'll be so far in debt?