So Im an incoming M1 and ive been accepted to a school in an area with a high cost of living. This combined with tuition makes my expected cost of attendence in the $110,000s. As someone who comes from a poor family, I will be having no financial support and will have to take out the max loans each year. If I take out maximum loans each year I expect to graduate with about $500,000 in debt.
Going into med school I knew I was going to come out with a lot of debt. I was fine with it until I started talking to some physicians who said it wouldn't be worth it to have that much debt. They werent talking about my situation specifically, just warning against excessive spending in med school. After looking through similar threads on SDN it seems that most people graduate with $300,000 and that $500,000 is too much/not worth it.
I still love medicine and want to do this, but is this really as bad as everyone makes it out to be? Unlike many of my classmates, I dont get any financial support from parents, so the only way I would ever be able to attend med school is through loans.
Take out less in loans. 500k right after med school is conservatively 600k after residency. You do not want to feel that kind of debt.