how much do you think your opinion changed from being pre-med to med student to resident to attending?
What is your speciality ?
yea I have a couple friends who I kept track of pretty well and they hated 3rd, 4th, and their 1st year of residency. They just seemed so jaded and burnt out. Then I remember talking to them on the phone when they were in 2nd and 3rd year of residency and they LOVED their jobs. Its was like a complete 180. Hopefully that will be the case.
Such was life pre ~2008ish
Do you have faith that these things will change? I mean most things are cyclical in nature. Costs for medical school (especially DO school) have varied from being overly expensive (compared to inflation and GDP at the time) to very cheap. It seems that every 20-30 years it flips.
The COA is always an over estimate . I doubt you need the full $70k every year.
#thanksObama
When you've got a wife and kids, you definitely take out the max... but we live on a tight budget that we intend to carry over to residency and my first 5+ years of practice to pay off loans asap. Worst case scenario I go into primary care making 180K a year (do nhsc) and pay off all student loans within about 7 years or less. Best case I decide on a specialty that makes 300K+ and pay off my loans 4-5 years or less.
Good luck with that.
Thank you. Don't worry, I'm not kidding when I say we live a tight budget. We will continue to do so until loans are paid off. I hate debt a lot more than I like things so it's great motivation.
If you take a perm job at 180K/yr, after taxes your paycheck a month will be $9500 (this is a true value and this is why I quit all my perm jobs). It sounds like a lot now but if you are paying 5K/month in loans with that, not much left over to live.
Cant believe my own ignorance here... but "perm job"?
Permanent job vs locums. I would be very hard pressed to ever take a permanent job again. This is why I do locums.
Of course, I have my own mess. Had divorce, 2 kids, credits cars, car loans, etc BEFORE I went to medical school so once I got out of residency that debt compounded, etc. so I have been digging out for the last 5 years but still wanted to have fun with my kids and do stuff once I started making money. I'm actually on the plus side now and life is good. It comes down to priorities and what is most important. My student loans are least of my worries because my payments are so low.
Certainly in med school there were people who took lavish trips and bought nice things, but I never asked anyone directly where it came from and rightly assumed for most people it came from the family bankroll.
dangggg what you got there is a sugar momma. Sweet deal my friend.
Hahahahhah I mean, I just really hope it works out. I think it sounds reasonable. Right now I'm her sugar daddy making a whopping $17 an hour while she is in nursing school lol
Yea my wife and I have the same arrangement. She is working on her masters while I work. Then when she is done we will swap. The problem is that her degree is not quite as useful as being an RN. Heck there are entire states out there that dont even have licensing agreements for my wife's degree... so depending on where I end up at, we could be SOL.
Are you using a 30-year repayment plan? $900/month seems low....
I guess I never really thought about it since this is my lowest payment I make every month. It's a back burner issue for me.
Haha well hopefully she will find a good job. Also, I am thinking if I get into a expensive school that after the first year since she isn't going to school and is only working we will become residents.
Yea that should work out if you end up at a public school. That seems to be the one loophole that helps people get in-state tuition. I know it is true at Rowan. They changed it so that you cant get in-state after going to the school for a year. However, if you have a SO who is working in the state then you can get in-state tuition.
Wow, I am in the same situation. Working as my wife goes through grad school right now to become an occupational therapist. It will be nice not having to pull out as many loans with a working spouse during medical school.
haha no way, my wife is in a grad program to be an art therapist
I totally realize that. I'd likely boost the income with some moonlighting out seek out am NHSC location. While it may seem unrealistic, I do have a reputation among my friends and family for being 'extremely cheap' simply because I am frugal. I set a tight budget with my wife and we stick to it. I will live off 3K a month and put the rest toward loans if I have to. That's almost a thousand more pretty month than we live off now with a family of 4. I'm not disagreeing with you. It will be hard. But it's highest priority for my wife and I to get out of debt.
