I know this has been discussed quit a bit, and I went back and read some older threads and a few online articles regarding residency and research years. However, as I prepare my final list of programs for ERAS, I am shamelessly asking some questions on here, as it seems like the issue of required research is rather fluid. All in all, I am really struggling to decide whether or not I would want to do research years.
For me the pro's of research would be that I enjoy doing it, I enjoy going to conferences and presenting/learning what others are doing, and feel 65% confident I would like to continue research into my career (probably more outcomes, not basic science).
The cons- I have >250K in med school loans alone and interest rates are now 6.8-7.9%. All subsidized loans went away for good during my MS1 year and the interest is already starting to accumulate rapidly. Even if I pay income based repayment during residency I will still be "Neg Aming" until I become an attending. I know this sounds like I am whining about my loans. I don't mean to be. I am excited about being in medicine regardless of how much it costs. Its just hard not to think about them as I plan for my future.
With respect to the financial issue of pursing research years, I was recently told by a resident who did lab years that he received some loan reimbursement during his research years. He also mentioned that you can make pretty decent money if you moonlight while doing lab years. Does anyone know how common it is to get some sort of loan repayment during residency years (obviously not all of it, but just something to help offset the burden of postponing attending salary). Also, do most residents moonlight?
Last question- do the required lab years have to be all research, or can it be, for instnace, 1 year research and 1 year critical care fellowhsip?
For me the pro's of research would be that I enjoy doing it, I enjoy going to conferences and presenting/learning what others are doing, and feel 65% confident I would like to continue research into my career (probably more outcomes, not basic science).
The cons- I have >250K in med school loans alone and interest rates are now 6.8-7.9%. All subsidized loans went away for good during my MS1 year and the interest is already starting to accumulate rapidly. Even if I pay income based repayment during residency I will still be "Neg Aming" until I become an attending. I know this sounds like I am whining about my loans. I don't mean to be. I am excited about being in medicine regardless of how much it costs. Its just hard not to think about them as I plan for my future.
With respect to the financial issue of pursing research years, I was recently told by a resident who did lab years that he received some loan reimbursement during his research years. He also mentioned that you can make pretty decent money if you moonlight while doing lab years. Does anyone know how common it is to get some sort of loan repayment during residency years (obviously not all of it, but just something to help offset the burden of postponing attending salary). Also, do most residents moonlight?
Last question- do the required lab years have to be all research, or can it be, for instnace, 1 year research and 1 year critical care fellowhsip?