Ways To Avoid Money Problems in Medical School
In The News Piece in U.S News & World Report
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Nov. 15, 2024
Shalin Jyotishi was quoted in a U.S News & World Report article about different ways to avoid money problems before and during medical school.
Most doctors enjoy high salaries, but many medical school students – years from having an income – face major financial strain and stack up debt while earning their degrees.
Including medical school and residency, it can take 10 years to become a doctor, and rigorous training means most med students don't have time for part-time jobs. Meanwhile, full-time tuition at some medical schools that top the U.S. News rankings can be upward of $70,000 per year.
According to the Education Data Initiative, 70% of medical students rely on loans to finance their education. This financial burden means it takes careful planning to avoid financial difficulties during med school.