Physicians are certainly affected by student loans.

Physicians are certainly affected by student loans.
by CUBluejays (2018-08-16 14:13:05)

In reply to: While maybe smart from a med school competition perspective posted by Irish Tool

If you have $200,000+ in student loans it eliminates the option of primary care, because you don't make enough money to float that kinda debt along with a house, car and kids.

Physicians also enter the work force later and during residency you don't make enough money to pay down you student loan debt and have an apartment and car payment.

This isn't the 80's anymore. Heck, Medicare is about to slam office based practices with a payment change at is going to make life worse for primary care.

I do think it's appropriate for some types of work.

Call me when a NYU doctor who doesn't choose a low-paying (rural/family/etc) practice struggles to put two Mercedes in the garage, get a second home, and retire by 60 if they want to. Until then, I'm skeptical.

I've had med school friends with 3x my debtload and 1/5 my family's income (ie in residency) get approved for as much mortgage as my wife and I got approved for.

Internal Medicine/FP/Peds

make up almost 33% of all physicians so there is a pretty good chance they will.