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- Apr 10, 2010
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I missed some of the early post and am quite amused by the naivety of the young these days. When you say money doesn't matter consider this...
The average indebtedness for the optometry class of 2011 is probably $150-200k. They will refinance this over 30 years because they can't afford the monthly payments that are around $1800-$2000. At current interest rates they will repay $300,000 to $400,000. By the way, you can't get out of these using bankruptcy, so don't try that.
So those of you who are still living with mom and dad saying money doesn't matter, think again.
And please stop the posts about going to state schools, living at home, blah, blah, blah. Hardly anyone does this and you're not changing anyone 's mind. Attending a private school, which is many students only option, is going to require borrowing money on the order of $40-50k per year with tuition, books, equipment, and living expenses.
So if you don't have rich parents or a public optometry school in your backyard, you should seriously consider the investment you are making.
Going to college, and especially optometry school, was the best decision I ever made. But please educate yourself about finances before you start. Otherwise instead of running your dream practice you will be refracting at wallyworld and complaining about on these forums in a few years.
I have re-posted this from the Optometry forum as I believe this is very prudent advice from a practicing Optometrist.
I would recommend reading the Optometry forum as well as the Pre-Optometry forum for any prospective Optometry Student.