- Joined
- Oct 11, 2003
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I just finished the Stafford loan entrance counselling session online. One part of it has this neato loan calculator to figure out your payments. So I plugged in my numbers, I figured I'd have about 180K in loans (20K from undergrad, and 160K from med school). It told me the MINIMUM annual salary required to repay this debt would be $300,000+!!! HOLY Sheeeit! I played with the numbers and this was about the lowest number I could get. I used a reasonable interest rate (5%) over a 10 year period. Someone please tell me this calculator is wrong, or maybe I'm doing something wrong!!!!!
Edit: I also want to go into pediatrics... I'm pretty sure no pediatricians make over 300K
Edit: I also want to go into pediatrics... I'm pretty sure no pediatricians make over 300K