It is a fact that most medical students will leave medical school with some form of debt. In addition to medical school debt, some students also have loans from their undergraduate days. It is not uncommon to have $100,000+ worth of debt by the time you graduate from medical school and some students studying in the Caribbean will have accumulated a massive $300,000 debt for their medical education. Scary isn’t it?
Luckily there are ways to leave medical school debt free! I was watching an episode of “Private Practice” the other day (yes I watch that crap..) about a pre-medical student whoring herself out for some extra cash for medical school. She wasn’t your typical Izzy Stevens (yes I watch that crap too…) who did “modeling” to help pay for her medical schooling. First of all this girl hadn’t even heard of the MCAT and throughout the whole episode she was under the impression that if she had the money to pay for school they would let her in… Well maybe in the Caribbean… but not a US or a Canadian medical school. I didn’t realise that being an “escort” was so glamourous. She even got to go on an all expenses paid trip to Dubai with her “clients.” Needless to say she got her ass kicked by one of her clients at the end and yet she still convinced herself that prostitution was the solution to her financial problems… ok where the hell am I going with this?
I know that a lot of you have thought about prostituting yourself to pay for things, well myself included, and I got to tell ya.. it doesn’t always work out the way you planned it. So if you’re one of those people who are in lots of debt when you graduate, remember that at least you were able to borrow money to finance your education. Some people aren’t so lucky despite being reallly bright and thus have to give up their seat in medical school. I’ll be in debt when I graduate, but at least I’ll be in a secure profession virtually untouchable even during a recession. Times are hard now, but there are thousands of people in far worse situations than you.
5 Responses
Medical Website Design
February 18th, 2009 at 7:51 am
1Its still doable for physicians since they are able to earn high incomes once in practice. Their debt in relation to future cash flow is still pretty low compared to most average college graduates.
medical website design
PreMedical University
February 20th, 2009 at 6:56 am
2We all know we face financial crisis due to the global economic problem so we must need to make sure that we will spend wisely and make some other ways to find extra income. We must learn how to multi task our selves.
PIUS MULUMBA
March 9th, 2009 at 6:20 pm
3It must be real cool being in medical schools out there where you can graduate with debt,so be very grateful for that stuff-cause in places like Uganda(that’s in Africa),you won’t set foot in nobody’s med’ school on some cheap-ass loan_the closest you get to that is a pain-in-the-ass bank loan you only get with some kind of leverage which most people can’t afford!(Believe me,lots of kids whore they “stuff” for not med’ school,but all basic life necessities here,and it’s not as fancy as an all expenses paid trip to Dubai,I’m talking just a few bucks!)Here you can’t graduate,let alone sit for the exams with a debt,and even if that kind of thing existed,the salaries after graduating couldn’t clear that kinda loan;so bottom-line,if U can graduate with no debt,cool;but if whoring is your only way out,then tough-A dream is gotta be defended,right?
Rob Towers
April 18th, 2009 at 5:26 am
4Finally someone is bold enough to stand up and speak his mind about all this issue. Good job!
RoninMD
May 3rd, 2009 at 5:42 am
5You forget. Those who do go to medical school but don’t get the degree… they are totally up the river with $300,000 +
To survive, you pretty much have to find a job that pays at least 35k and put up with 24.9% administrative wage garnishment. That’s .1% shy of breaking our own usury laws.
Not only that.. you have to find a job where the Dept. of Ed can’t revoke your license or certificate. The funny thing is.. if they make it so that you can’t get hired by revoking your license.. that 24.9% of that money they get from you will be much less.
The law is apparently intended to keep you perpetually in debt.
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