•••quote:•••Originally posted by Fenrezz:
• •••quote:•••Originally posted by geneman:
•I think the debt becomes a real issue for those who attend an expensive school with little financial aid and go into primary care. $100-200k plus interest is a lot of debt to pay off on a $100-150k annual salary.•••••I disagree, of course I could be wrong. I calculated roughly what the repayment costs would be over 20 years on a $200,000 loan, and unless I'm wrong, it comes out to about $300 a week. With even a $100,000 a year salary, even after taxes are paid, the monthly repayments will hardly be felt.•••••I'm by no means an expert in financial aid. But I have two points to make here. One, 20 years is a LONG time. You'd still be paying off your debts when you're almost 50. Two, the monthly repayments are arguably substantial. If you make $100k per year, you make ~$70k after taxes. That comes out to about $1400 per week. Paying out $300 is over 20% of your original salary -- a large amount by anyone's standards. Granted, $1100 per week after taxes is still a very nice salary, but the point is that the debt is very real.