Just average not depending on what kind of doctor. Also, how long do you think it takes them to pay these student loans off?
2006-08-22 02:39:15 · 7 answers · asked by horrorfan 3 in Science & Mathematics ➔ Medicine
Well, undergrad studies are about $20,000 a year. So by the time they graduate they could be $80,000 in debt. Then they have at least four MORE years of med school. So anywhere between $100, 000 to $200,000 in debt by the time they receive their docterate. It probably takes them 30 years, just like everyone else to pay them off.
2006-08-22 02:48:22 · answer #1 · answered by puppyraiser8 4 · 1⤊ 0⤋
An easy way to find out....call a school and ask about their grad and pre-med and med school and internships and such. You have to have your undergrad first, and if you want to be a doctor of any repute, you probably want a good named school. if you just want to be a good doctor you can pay a bit less, or a lot less. However, an MBA friend of mine has 150,000. in debt from school, six years worth, and doctors, especially if they decide on a specialty (I think) will be quite a bit more. I know a chiropractor who said he'd graduated with the same as the MBA in debt. As far as how long it takes to pay them off...depends on what you do with your doctor license, doesn't it? Surgeons, the assholes of the world, make ooodles of money and probably pay off the fastest. I'd say podiatry doesn't pay off as fast, nor need to. In matter of fact, I truly believe it's a matter of priority as to how long one truly takes to pay off that amount of debt, but it's hard to imagine, isn't it? I've never heard any complaints though, and I've known a LOT of doctors. They do make up for it even if the first year or three out of school isn't the fast living life they were looking for. If you're planning on going to school to be a doc...do it because you want to help people, and because you like money, in that order.
That is all.
2006-08-22 02:54:04 · answer #2 · answered by aquachild 2 · 0⤊ 0⤋
most doctors can pay thier school loans within 2 years of finishing but many more already have them paid before they finish many placies offer programs to those wanting to be doctors were they will work for them in exchange for thier schooling
2006-08-22 02:51:51 · answer #3 · answered by steamroller98439 6 · 0⤊ 0⤋
If they had to take out loans every year, $40-70,000 for undergrad and $100-$200,000 for medical school. Just guessing.
2006-08-22 02:46:41 · answer #4 · answered by Just Me 3 · 0⤊ 0⤋
depends on how many scholarships/grants they got, versus how many loans they had to take out. Most doctors I know, it's at least 70K, but some it's up to 200-300K.
2006-08-22 03:55:53 · answer #5 · answered by pooh8402 3 · 0⤊ 0⤋
my brother in law just graduated and started his practice. Can't tell you how much he owes, but i do know he already has a house with a pool less than a mile from the ocean in georgia.
2006-08-22 02:46:19 · answer #6 · answered by vanman8u 5 · 0⤊ 0⤋
$100,000
Many many years
2006-08-22 02:46:56 · answer #7 · answered by mightymite1957 7 · 0⤊ 0⤋