Question about Residencies

[DonaldR]

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I noticed that a lot of residencies pay in the $42 K range. How do people afford their living expenses and do loan payback during that year? ANy suggestions on what people have done?

 

[patmcd]

I noticed that a lot of residencies pay in the $42 K range. How do people afford their living expenses and do loan payback during that year? ANy suggestions on what people have done?

You can defer loan payments while in residency.

 

[rheumlife15]

i know someone in med school going into residency with $200K in loans and they are able to pay off $1,000 each month to student loans and live decently in a big city...so i would say it's possible for a pharm student to do the same since residencies pay the same

 

[Allure]

I live off of $10K now, so $40K is a lot compared to that. Even though a payment of $1000/month is nothing compared to my-over-$100K-debt.

 

[PharmDY]

highest pay residencies in CA is 50k a year, but that's the highest i've heard of that's within and outside of CA. really depends on where u go to.. i've seen some at 32k.