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I have heard anywhere from 60K all the way to 170K. I know it greatly depends on location, but generally speaking, do optometrists frequently crack the 100K ceiling/is the norm?
I am looking at the tuition costs for ODs and it seems very high vs the projected income. If I make 100K a year and take off 40% for federal and state taxes, I am left with 60K a year.
Tuition is typically 35K+ living expenses. So lets say living is 20K, thats 55K a year which is 220K after the students gets out. How do you pay of 220K of debt making 60K a year? Am I missing something here? And thats not including undergrad debt.
So I'm pulling in 60K a year. I can live of of 20 as a single 26-27 year old and throw 40K at the debt each year. I could probably pay off the debt in 6 or 7 years after it has ballooned with interest. But what if I want to start a family before Im 30?
Does this math add up to anyone else, or am I missing something? Is Optometry a financially sound investment?
I am looking at the tuition costs for ODs and it seems very high vs the projected income. If I make 100K a year and take off 40% for federal and state taxes, I am left with 60K a year.
Tuition is typically 35K+ living expenses. So lets say living is 20K, thats 55K a year which is 220K after the students gets out. How do you pay of 220K of debt making 60K a year? Am I missing something here? And thats not including undergrad debt.
So I'm pulling in 60K a year. I can live of of 20 as a single 26-27 year old and throw 40K at the debt each year. I could probably pay off the debt in 6 or 7 years after it has ballooned with interest. But what if I want to start a family before Im 30?
Does this math add up to anyone else, or am I missing something? Is Optometry a financially sound investment?