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what is your guy's opinion on military optometry?
I am a college senior that will hopefully be part of the entering class of 2008. I am trying to decide whether or not to take the HPSP money for tuition.
0) is it difficult to "get into" the HPSP prgram? do you need to have extreme gpa and all that stuff, or are they actively recruiting?
1) Is it difficult to use military experience in civilian settings? for example, are military optometrists confined to seeing a narrow set of eye problems + refraction so that its difficult to find work after re-entering cilivian service?
2) Military career: this is becoming an interesting option financially. Since I'll have roughly 120-150k debt when i graduate, this will take roughly 5-6 years to pay off assuming I live like a pauper. **I do not believe in the amortize-to-invest theory since believing in 8% inflation-adjusted returns on invest even in 100% equity is absolutely ridiculous in the foreseeable future. Theres a good reason banks loan you money... they make a profit. thats a discussion for another thread anyway** Therefore, the four years of active service (and the low pay) isnt really that bad. They pay 53000ish starting base pay, with a 3% annual raise, and several medical certification bonuses that raise the pay to around 60000-63000. Plus you get food and housing assistance and a large vacation and all the benefits of being in the military (cheaper everything). Therefore, by the time you would have become a private practice person in civilian life, you would be making a comparable salary at much greater job security (3% year-on-year increase adds up fast). Not to mention full reimbursment of all education expenses and a stipend during school, and after 20 years service (age 42) you're pretty much set in terms of retirement security and family military benefits, and are free to purse civilian life however you might wish.
3) How is the family-friendliess of military optometry? Is it extremly family-unfriendly (reclocations, possibly to a place where wife cannot find work, bad schols, etc)
4) I'm not doing it JUST for the money, I would definately consider a military career for the intangible benefits, but I want to make sure the practical aspects are covered too.
thanks for any help, especially from military optometrists and people in/considering HPSP
I am a college senior that will hopefully be part of the entering class of 2008. I am trying to decide whether or not to take the HPSP money for tuition.
0) is it difficult to "get into" the HPSP prgram? do you need to have extreme gpa and all that stuff, or are they actively recruiting?
1) Is it difficult to use military experience in civilian settings? for example, are military optometrists confined to seeing a narrow set of eye problems + refraction so that its difficult to find work after re-entering cilivian service?
2) Military career: this is becoming an interesting option financially. Since I'll have roughly 120-150k debt when i graduate, this will take roughly 5-6 years to pay off assuming I live like a pauper. **I do not believe in the amortize-to-invest theory since believing in 8% inflation-adjusted returns on invest even in 100% equity is absolutely ridiculous in the foreseeable future. Theres a good reason banks loan you money... they make a profit. thats a discussion for another thread anyway** Therefore, the four years of active service (and the low pay) isnt really that bad. They pay 53000ish starting base pay, with a 3% annual raise, and several medical certification bonuses that raise the pay to around 60000-63000. Plus you get food and housing assistance and a large vacation and all the benefits of being in the military (cheaper everything). Therefore, by the time you would have become a private practice person in civilian life, you would be making a comparable salary at much greater job security (3% year-on-year increase adds up fast). Not to mention full reimbursment of all education expenses and a stipend during school, and after 20 years service (age 42) you're pretty much set in terms of retirement security and family military benefits, and are free to purse civilian life however you might wish.
3) How is the family-friendliess of military optometry? Is it extremly family-unfriendly (reclocations, possibly to a place where wife cannot find work, bad schols, etc)
4) I'm not doing it JUST for the money, I would definately consider a military career for the intangible benefits, but I want to make sure the practical aspects are covered too.
thanks for any help, especially from military optometrists and people in/considering HPSP