How much debt will hospitals typically reimburse you for?

[BrianK0220]

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[jdh71]

How much debt will hospitals typically reimburse you for?

Some of the numbers I've seen are 80-120k usually paid out over 4 years.

 

[deleted481566]

jdh: Is that true only for general internal medicine, or would that apply to subspecialties as well (in general anyway)?

 

[jdh71]

jdh: Is that true only for general internal medicine, or would that apply to subspecialties as well (in general anyway)?

If they want you, you can probably find repayment deals, especially for specialists.

I haven't looked that close in a year or so though.

 

[RubyRed]

Some of the numbers I've seen are 80-120k usually paid out over 4 years.

How does that work, do they just directly give you extra money with a stipulation built into your contract?

 

[jdh71]

How does that work, do they just directly give you extra money with a stipulation built into your contract?

As I understand it, yes.

Of course it's all still taxable.

 

[gutonc]

jdh: Is that true only for general internal medicine, or would that apply to subspecialties as well (in general anyway)?

FWIW I was offered a whopping $0 in loan repayment for my PP sub-specialty job this year.

Keep in mind that there is no free lunch. If they're giving you "loan repayment" money, they're not giving you some other amount of money. And since they can deduct "loan repayment" money as a grant to you on their taxes (while making you pay taxes on it), it's basically just extra salary that you're paying the entire tax burden on (vs. splitting it with your employer).

 

[ShyRem]

totally depends on where you are applying. Big cities, places with lots of residents around to choose from will not always offer loan repayment. Places that don't have med schools or teaching hospitals are more willing to offer loan repayment money.

Same deal with signing bonus money.