me and an advisor did some calculations on my finances and it looks like i will be 180,000 dollars in debt if i go to med school. I want to be a doctor, but people warn me over and over to never go far in student debt. and they are talking like 40,000. i see that residents only get paid around 30,000 a year. i dont care about money at all but will i be able to survive and should i give up my dream career because of this because i know debt can make life very very hard
2007-02-22 10:20:26 · 8 answers · asked by billy t 1 in Business & Finance ➔ Careers & Employment
you shouldnt give up your dream career for any reason, especially money. Yeah as a resident you only make like 30,000 but plenty of people in the world survive off a lot less that. while your doing your residency you can just pay the minimums on your loans and thats only for a few years, after that your salary will greatly jump and you'll be able to pay off that debt little by little and you'll have the satisfaction and pride of achieving your dream and having a career that really makes a difference in the world. I think its much more imporant in life to be happy at what your doing and be satisfied. Would you really rather be at a job you hate? you'll regret giving up med school of money if it really is your dream.
2007-02-22 11:04:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm not a doctor, but I think a resident makes around $30k for only 2 years...then you're making much better money after that. If you're smart enough to pass those rigorous requirements to become a doctor, why quit now? YES, you will be in debt, but research schools before you start second guessing it. Do you have to go to that prestigeous school? A MD is a MD is a MD. You're either a doc or not....patients aren't going to second guess you because you went to X school. They see black and white-you're either a doctor or not. ps. ITS OK to care about money, both in the sense of debt AND income! You're just being cautious, which is wise. Doctors need to know a lot of things and be highly intelligent, and work very long stressful hours. They deserve to get paid well.
2007-02-23 14:55:59 · answer #2 · answered by Niki 2 · 0⤊ 0⤋
If you don't need the extra money, prestige and possibilities of a scientific career, there is no need to do med school. Health business is rather elitary, though, and to some it can be frustrating if you're not at the top. But it sounds as if you did your research and that PA would be a good option for you.
2016-03-29 07:45:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Welcome to student life!!
It is expensive and you do get in to big debt.
Thats life and you wont be the only ones in that situation.
Just do it!
You'll be entering one of the most respected careers there is and it will definatly be worth the years of paying back in the end.
Life doesnt come without responsabilty's, financial or other wise.
As long as you know roughly how much debt is going to be ammassed and how long it is going to take to pay off, what's the problem??
Sure it will be a long hard slog and you may be living on a shoestring, but you'll also be doing something of great meaning with your life. You'll only get one crack at this. Make it work !
2007-02-22 10:29:03 · answer #4 · answered by trickyrick32 4 · 1⤊ 0⤋
If your in it because your interested YES but for the money that comes with it then NO
besides doctors get paid well enough so that debt will be gone in no time
2007-02-22 10:25:41 · answer #5 · answered by Anna Banana 2 · 1⤊ 0⤋
Watch Patch Adams with Robin Williams and then decide if you really want to go to medical school, It has a very good insight to what a doctor is in modern society.
2007-02-22 10:31:26 · answer #6 · answered by squawinpants 3 · 0⤊ 0⤋
Like the answer to the other questions: Do you feel a passion for doctoring. If so then do it. Emotion is everything.
2007-02-22 11:51:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
first of all set a scholorship, go to fastweb.com, or scholorship.com
2007-02-22 10:30:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋