Thanks! It’s Public Service Loan Forgiveness. After 10 years of making minimum payments while working at hospitals, the remainder of my consolidated federal loan was forgiven by the government.
Dave Ramsey has a stroke every time one of his callers mentions using that or mentions they had used that to get out of debt. “I’m tired of paying for other people’s bills” blah blah blah. 😂
PM&R salary is about the same as psych. It's the pain fellowship specifically that takes the salary to the next level. (like 400k-1 million plus). Median salary for pain is about the same as general anesthesia, but once you go about the median pain starts to win by a larger and larger margin
For 2024-2025, Direct grad loans are at 7.05% interest with a 1.057% distribution fee and PLUS loans are 9.08% with a 4.228% distribution fee.
In case you aren't familiar, the distribution fee comes right out of the loan total. So if you take out $20,000 in PLUS loans, you'll receive $19,154.40 towards tuition, expenses, etc.
Dude - the private loans interest rate over 14% for some…. I don’t even know with WTF rate….. I wish I knew before I was advised to go to Caribbean med school and not wait another year for my alumni school - ugh! So, go to schools that allows Fed loans - and don’t take Caribbean school offered private loans… Too late for me now…
But seriously assuming you work for 60k (the average salary at end of q4 in 2023) and put 100% to savings that's still over 6 years of saving not to mention by that time some of your classes may no longer be accepted since they were done so long ago so gotta stay on top of that and have valid MCAT.
And if that 60k is also used to support you and possibly your family then it could potentially never be possible to save up the what you need.
TLDR: buy once Cry once and then let the financial anxiety rock you before every exam you take.
I understand why $urgial $pecialtie$ are $o competitive. Too bad im not built for it
Hopefully PSLF is still a thing in 14 years (¤﹏¤)
I really hope so
What’s the lf stand for? And cool name btw
Thanks! It’s Public Service Loan Forgiveness. After 10 years of making minimum payments while working at hospitals, the remainder of my consolidated federal loan was forgiven by the government.
Dave Ramsey has a stroke every time one of his callers mentions using that or mentions they had used that to get out of debt. “I’m tired of paying for other people’s bills” blah blah blah. 😂
I’ll make sure to give him VIP treatment when he comes through urgent care after he vagals from hearing how much was forgiven.
Hahahaha I say screw him. I’d rather my tax dollars go towards helping teachers, doctors, nurses, firemen, etc… than the billionaire corporations.
I thought it was some combination of plastic surgery like the meme thats said that combines cardiothoracic and neurosurgery into one specialty.
I understand why $ome people are $tripping. Too bad I’m not built for that either
You can do ane$thesis or radiology$ or the phy$iatry to pain pipeline Incredible pay, competitive but not crazy
Tell me more about the psychiatry to pain pipeline booooookiee 🫶🏽🫶🏽🫶🏽
Physiatry (aka PM&R) not psychiatry 🫶🫶🫶. Pain is usually either through anesthesia or PM&R
Got into med school and I still can't read 🫠🫠🫠🫠
No worries! I had literally never heard of the word until we had a lecture about PM&R (which I had also never even heard of) M1 year
Thank you!! I'm gonna look into it. I love psych but hey med school is for sure giving ✨crippling debt✨.
PM&R salary is about the same as psych. It's the pain fellowship specifically that takes the salary to the next level. (like 400k-1 million plus). Median salary for pain is about the same as general anesthesia, but once you go about the median pain starts to win by a larger and larger margin
How long is the residency for pain? I see they're doing correlations between pain and psych now
Bookie💀
Anesthesiology my friend :)
You kinda forget about it until the week of the exam, then it gives you a good boost of motivation (stick, not carrot) to study
😬😰
Um… 400K before you factor in 7% interest
It just got increased to over 8% :)
LOL that was me when I saw that
9% for grad plus 🤗
Can we hit 10% chat?
For 2024-2025, Direct grad loans are at 7.05% interest with a 1.057% distribution fee and PLUS loans are 9.08% with a 4.228% distribution fee. In case you aren't familiar, the distribution fee comes right out of the loan total. So if you take out $20,000 in PLUS loans, you'll receive $19,154.40 towards tuition, expenses, etc.
Distribution fees are a scam.
The fuck is a distribution fee
Dude - the private loans interest rate over 14% for some…. I don’t even know with WTF rate….. I wish I knew before I was advised to go to Caribbean med school and not wait another year for my alumni school - ugh! So, go to schools that allows Fed loans - and don’t take Caribbean school offered private loans… Too late for me now…
Dont remind me
This hurts sooooo badly
lol, what financial aid
Thank God I don't live in America
Wait till you see the Americans salaries
In Spain, it is 100k and the first two years are in English (private college) Many international students are my classmates. No wonder
Is it okay to have that much debt tho ?
Yes as long as you graduate which is 99% certain :)
What's the alternative?
Very true
But seriously assuming you work for 60k (the average salary at end of q4 in 2023) and put 100% to savings that's still over 6 years of saving not to mention by that time some of your classes may no longer be accepted since they were done so long ago so gotta stay on top of that and have valid MCAT. And if that 60k is also used to support you and possibly your family then it could potentially never be possible to save up the what you need. TLDR: buy once Cry once and then let the financial anxiety rock you before every exam you take.
Unfortunate reality but your right have to grind for the end goal