Your Total Loan Amount

[Carboxide]

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I know i'm not eligible to write any comment here yet but want to say one thing.

US military has great program for pharmacist. They have loan repayment program and I believe that they are paying up to 160k of loan. You can submit your application for residency while serving as military pharmacist too. Hope this helps somebody here 🙂

Hiring freezes are occurring all over the military.

 

[storyhill]

I hope my short story can give some hope to those facing a large debt. I am on the other side of debt. I just recently paid it off. It was all from my school loans, about 135k. I graduated in 2009 and paid it off in 3 years and 4 months. In that time I also had 2 children and bought a car. My wife does not work so we live off of my income which averages around 107k. We just tried to live a lower lifestyle but comfortable and track our money as to how we spend and not buy things we considered unnecessary. I'd recommend reading a book by Dave Ramsey, titled "Total Money Makeover". We didn't follow his advice exactly but there is a lot of good to be taken from it. I hope the best for all of my fellow pharmacy graduates and hope you work hard because being debt free feels really good and sets you up for success in other areas.

 

[owlegrad]

I hope my short story can give some hope to those facing a large debt. I am on the other side of debt. I just recently paid it off. It was all from my school loans, about 135k. I graduated in 2009 and paid it off in 3 years and 4 months. In that time I also had 2 children and bought a car. My wife does not work so we live off of my income which averages around 107k. We just tried to live a lower lifestyle but comfortable and track our money as to how we spend and not buy things we considered unnecessary. I'd recommend reading a book by Dave Ramsey, titled "Total Money Makeover". We didn't follow his advice exactly but there is a lot of good to be taken from it. I hope the best for all of my fellow pharmacy graduates and hope you work hard because being debt free feels really good and sets you up for success in other areas.

Wow. 👍

 

[Sugoi Travis]

I'm expected to be, at the very most, 150k in debt. I'm hoping to get a part time job over the weekend, during the school year, as well as work two jobs over the summer in order to chip away at the principle.

Here's to hope that I knock a noticeable portion of that off before I leave school.

 

[beargirl200308]

I hope my short story can give some hope to those facing a large debt. I am on the other side of debt. I just recently paid it off. It was all from my school loans, about 135k. I graduated in 2009 and paid it off in 3 years and 4 months. In that time I also had 2 children and bought a car. My wife does not work so we live off of my income which averages around 107k. We just tried to live a lower lifestyle but comfortable and track our money as to how we spend and not buy things we considered unnecessary. I'd recommend reading a book by Dave Ramsey, titled "Total Money Makeover". We didn't follow his advice exactly but there is a lot of good to be taken from it. I hope the best for all of my fellow pharmacy graduates and hope you work hard because being debt free feels really good and sets you up for success in other areas.

I love Dave Ramsey! He's the reason why we bought a car in cash while paying for my grad school & why we are paying for pharmacy cash. I don't want anymore debt after having over 100k in loans from my undergrad days. Those loans companies make me sick.

 

[knight on horse]

I graduated in 2011 with about 185K in loans. Didn't really start repayment until after residency, so last year. Have paid about 50K off in that time. I also paid off my car loan (18K) in that time period.

The key things that helped me were:

1. Started an MTM business during residency and got a very big contract. I Volunteered to take on extra patients at the ends of quarters (October and December) and made an extra 5K and 20K, respectively. My total earnings for the year were greater than most pharmacist salaries, and I only did it full time July - December. From those earnings I only paid myself $2500/month and saved the rest to use for debt reduction (and taxes!).

2. Was able to deduct some expenses like cell phone and internet because of the business. But this was really very minor because we got murdered on taxes anyway.

3. Picked up extra work doing writing, editing and web site management projects. Also worked PRN at an independent from July - November. I saved every penny that I earned at those jobs. I also taught an MSN pharmacology class and saved that money as well.

4. Did not substantially upgrade our lifestyle. We have lived in the same house for 12 years and the mortgage payment is very low (around $500). We did buy a used Honda Odyssey (still very expensive by my standards!) in May 2012, but I paid it off a few months ago.

I would have earned more at some of my side projects, but I took a month off from everything but MTM during November and December because I had a baby. I've been taking it easy since then, and only working part time at Target, PRN at a clinic pharmacy, teaching my spring semester class and doing some writing/editing/web site management. I am taking the summer off from teaching and considering two different full time positions (similar pay). I think we should be able to get to our goal of < 100K in loans by the end of 2013. 👍

Sounds great

 

[knight on horse]

I love Dave Ramsey! He's the reason why we bought a car in cash while paying for my grad school & why we are paying for pharmacy cash. I don't want anymore debt after having over 100k in loans from my undergrad days. Those loans companies make me sick.

Yes, it's not a stretch to say that nothing would thrill them more than to enslave you for all time

 

[rxglasshalffull]

$0. just graduated. but im paying my parents back $20k a year.