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What is the average debt for a 4 year medical school student?
I want to see how much money I’ll need to pay back for my medical school scholarship because I have a bad history with debt and I do not wanna go debt again.
3 answers
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Jonathan’s Answer
The range of $200K plus holds true. The hard part is that most will knowingly be going into debt and staying in debt for their early careers. There are state and federal programs like the National Health Service Corps that give scholarships (up front obligation before being hired somewhere) or loans that help provide payments towards your loans in exchange for providing medical service in a designated underserved area (rural, suburban, indian health services, etc.). Many jobs will also mention assistance in helping pay off education debt to attract candidates. Additionally, the 10 year public service loan forgiveness program does exist and forgives all of your loans after 10 years working in non-profit organizations (did for me).
So as the other commenter said, don't let it dissuade you fully from going into medicine/healthcare if it is a field you are drawn to but debt will be a part of your early career.
So as the other commenter said, don't let it dissuade you fully from going into medicine/healthcare if it is a field you are drawn to but debt will be a part of your early career.
Paul Goetzinger MPA
Academic and Career Consultant and Freelance Writer
745
Answers
Seattle, Washington
Updated
Paul’s Answer
The average median debt is:
$200,000 to $215,000 dollars.
$200,000 to $215,000 dollars.
Alan Weber
writer and retired teacher, teacher educator and academic advisor
207
Answers
Woodstock, New York
Updated
Alan’s Answer
It's $200,00 to $215,000, counting the pre-medical school education. But don't let that discourage you. You can make it work, and maybe someday Congress will stop blocking student debt relief.
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