I wanted to start a new thread on this because my post in another thread got kind of lost. But based on another military doctor's information in this forum, can anyone confirm whether my (horrible) rough math is (somewhat) correct:
HPSP:
School debt: ~$300,000 (not specific to me)
sign on bonus: $20,000
stipend: ~$2,200 x 10.5 months x 4 years = $92,400
Higher residency pay: ~$20,000 per year higher than civilian side x 4 years (including some allowances; info taken from '03 thread)
Physician pay: ~$115,000 x 4 years active.
total= $952,400
Civilian side:
School debt: ~-$300,000
Physician pay: $300,000 x 4 years = $1.2 million
= 1.2 million -~$300,000 debt..= $900,000 (does not include interest on loans so this figure should be less).
So strictly from a financial standpoint, is HPSP really that bad? I understand it is awful financially if you match a competitive high paying specialty but the average medstudent will not, especially DO's whose schools pump out mostly primary care physicians.
HPSP:
School debt: ~$300,000 (not specific to me)
sign on bonus: $20,000
stipend: ~$2,200 x 10.5 months x 4 years = $92,400
Higher residency pay: ~$20,000 per year higher than civilian side x 4 years (including some allowances; info taken from '03 thread)
Physician pay: ~$115,000 x 4 years active.
total= $952,400
Civilian side:
School debt: ~-$300,000
Physician pay: $300,000 x 4 years = $1.2 million
= 1.2 million -~$300,000 debt..= $900,000 (does not include interest on loans so this figure should be less).
So strictly from a financial standpoint, is HPSP really that bad? I understand it is awful financially if you match a competitive high paying specialty but the average medstudent will not, especially DO's whose schools pump out mostly primary care physicians.