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With a salary of ~200K, even with a spouse who stays at home and perhaps young children, it should be possible to pay off ~200K of debt in a few years post-residency by living frugally. On the other hand, if right out of residency you start buying regularly $100 bottles of wine, eating out every other week and paying $500 in the steak house, one or two new cars (a lexus/bmw/mercedes at least), a big house, and go on vacations to Europe twice a year, children in expensive private school, it'll take you decades to pay off that debt.
I have to say that I agree with the specific example that you gave.
Salary of $200K annually = $10K mo post-taxes
Paying off $200K @6.8% in 5 years = $4000/mo
" " in 3 years = $6200/mo
In both cases quite doable, maybe even allowing one to think about retirement or purchasing a home.
However, if you push the numbers a little further and look at someone making $150K per year with $250K in debt:
Salary of $150K annually = $7500 post-taxes
Paying off $250K @6.8% in 5 years = $5000/mo - living like a student, not saving for retirement, but doable.
Paying off $250K @6.8% in 3 years = $7700/mo - oops, more than you make!
The problem is that pre-meds applying to medical school and beginning the process of taking on this debt don't really know where they'll end up on this spectrum - both in terms of income and debt. When I was applying and deciding where to go I decided I was comfortable with up to $200K. Turns out I'm going to be closer to $250K because 1) My fin aid dept pulled a sizable need-based scholarship after my first year which they said was originally given in error because they had only considered one set of my parent's income vs. all 4 (I have 2 stepparents) and 2) I made my estimations based on the first years budget, which I failed to realized only covered 9mo of living expenses (and hence years 2 and 3 are much more expensive). And in terms of income, I set my sites in the first 2 years on specialties that would get me to that $200K mark right out of residency, but now in 3rd year have fallen in love with a specialty that won't.
So, while I agree that frugality can go a long way in getting your loans paid off quickly, it can be substantially more difficult for some to accomplish.
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