Dismiss Notice

Interview Feedback: Visit Interview Feedback to view and submit interview information.

Interviewing Masterclass: Free masterclass on interviewing from SDN and Medical College of Georgia

AVERAGE INDEBTEDNESS

Discussion in 'Pre-Medical - MD' started by cm7b5, May 14, 2002.

  1. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    After four years of medical school and undergraduate (not including d unsubsidized loan interest, repayment interest, etc) how much will you owe?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  2. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    OOPS ---- INCLUDE UNDERGRAD LOANS!!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  3. eagle26

    eagle26 Senior Member
    7+ Year Member

    Joined:
    Nov 19, 2001
    Messages:
    619
    Likes Received:
    0
    Status:
    Resident [Any Field]
    well, since I owe 55,000 from undergraduate and masters, I'll probably owe about 230,000 assuming that I don't get any scholarships or grants.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  4. shorrin

    shorrin the ninth doctor
    7+ Year Member

    Joined:
    Dec 21, 2001
    Messages:
    406
    Likes Received:
    2
    Status:
    Resident [Any Field]
    it's sickening and then we all know what happens during residency <img border="0" title="" alt="[Wink]" src="wink.gif" />
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  5. Jessica

    Jessica Senior Member
    7+ Year Member

    Joined:
    Sep 7, 2001
    Messages:
    587
    Likes Received:
    0
    F#m7/D#m7b5 G#7/C#m7/B Bsus2 - if you click on the little pencil above your original post, you can edit out the *not* part about including undergrad stuff :)
     
  6. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    Thanks JESSICA!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  7. Darth Vader

    Darth Vader Membership Revoked
    Removed

    Joined:
    May 5, 2002
    Messages:
    1,416
    Likes Received:
    0
    Good poll, but what is up with your screen name?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  8. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    It's a chord progression. (Jazz)
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  9. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    C'MON LETS GET A LARGER SAMPLE SIZE!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  10. reesie0726

    reesie0726 Senior Member
    7+ Year Member

    Joined:
    Dec 23, 2001
    Messages:
    221
    Likes Received:
    0
    It is kind of depressing to think about the level of debt and then interest accrual. I will be way in the hole.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  11. Future_Doc

    Future_Doc Senior Member
    7+ Year Member

    Joined:
    Sep 24, 2001
    Messages:
    170
    Likes Received:
    0
    Oops - didn't add undergrad either. Add one more to the over $120k or so range.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  12. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    I am so shameless....bumping my own poll.....
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  13. TommyGunn04

    10+ Year Member

    Joined:
    Mar 7, 2002
    Messages:
    1,049
    Likes Received:
    1
    Status:
    Resident [Any Field]
    looks like we have a nice bell curve thing going on with the poll results. Interesting...
     
  14. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    Shameless bump.....
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  15. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  16. TommyGunn04

    10+ Year Member

    Joined:
    Mar 7, 2002
    Messages:
    1,049
    Likes Received:
    1
    Status:
    Resident [Any Field]
    WOW, a LOT of people have voted! I'm impressed! And the results are really interesting too. Keep on voting! :)
     
  17. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  18. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    SO the median seems to be about 130K!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  19. Whisker Barrel Cortex

    10+ Year Member

    Joined:
    Aug 10, 2001
    Messages:
    1,785
    Likes Received:
    20
    Here are the stats from the AAMC on medical student debt, they seem to be close to this poll:

    Class of 2001 debt:
    Mean all schools: 99,089
    Median all schools: 97,000
    Mean public schools: 86,630
    Median public schools: 86,000
    Mean private schools: 118,546
    Median private schools: 120,000

    Percent at 150K or higher
    All schools: 15%
    Public: 7%
    Private: 35.5%
     
  20. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    What is with all these people that aren't in debt?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  21. eagle26

    eagle26 Senior Member
    7+ Year Member

    Joined:
    Nov 19, 2001
    Messages:
    619
    Likes Received:
    0
    Status:
    Resident [Any Field]
    </font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by cm7b5:
    <strong>What is with all these people that aren't in debt?</strong></font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">That's what I'd like to know, and how do I get a piece of THAT action?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  22. DrMom

    DrMom Official Mom of SDN
    Physician Moderator Emeritus 10+ Year Member

    Joined:
    Apr 24, 2002
    Messages:
    43,317
    Likes Received:
    20
    Status:
    Attending Physician
    Scholarships help. I've done undergrad (private school) and grad school with no debt. I got a full tuition scholarship to med school so *all* I have to cover is living expenses.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  23. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  24. ginseng

    ginseng Member
    7+ Year Member

    Joined:
    Mar 21, 2002
    Messages:
    43
    Likes Received:
    0
    From undergrad, I went to UCLA, I owe about $10,000 and that's because I wanted to live really lavishly for the past four years. Whether I go to UCLA or UCSF, both schools have an average indebtness of $60,000. Not bad huh?
     
  25. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  26. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  27. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BUMP
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  28. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    shameless bump
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  29. Papa Smurf

    Papa Smurf Thug 4 Life
    7+ Year Member

    Joined:
    Feb 9, 2002
    Messages:
    1,903
    Likes Received:
    2
    </font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by cm7b5:
    <strong>What is with all these people that aren't in debt?</strong></font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">It's called having rich parents. I would say that on average, about 10% of medical students have their parents pay for EVERYTHING. It's like being a fully funded md/phd student almost.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  30. none

    none 1K Member
    10+ Year Member

    Joined:
    Jul 27, 2001
    Messages:
    1,903
    Likes Received:
    5
    Oh, I'd say it's much higher than 10%. What is it...like 70% of med students have at least one parent as a physician?
     
  31. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    BRINGIN' BACK THE DEAD!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  32. deva

    deva Senior Member
    7+ Year Member

    Joined:
    Mar 30, 2002
    Messages:
    180
    Likes Received:
    2
    </font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by none:
    <strong>Oh, I'd say it's much higher than 10%. What is it...like 70% of med students have at least one parent as a physician?</strong></font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">What?! Is that true?
     
  33. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    !
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  34. Ceez

    Ceez Senior Member
    15+ Year Member

    Joined:
    Mar 31, 2002
    Messages:
    387
    Likes Received:
    4
    Status:
    Attending Physician
    is there a website that lists the average student debt for each medical school?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  35. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    USNEWS.COM
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  36. cm7b5

    cm7b5 Senior Member
    7+ Year Member

    Joined:
    Jun 20, 2001
    Messages:
    301
    Likes Received:
    0
    Half of the people have under 125K in debt.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...

Share This Page