Thread: One More Try

I posted this question earlier, but didn't get a response.

For anyone who has already graduated from AUC, did you find it difficult to pay of the heaping 250K debt? Have you yet? How long did it take? I know that money shouldn't be an issue in becoming a doc.. but tell that to the people asking for the 250K from me.

Thanks
Bryant

my wife writes the check. I think my payment is about 700 dollars a month ( but my total debt is only like 120K )

we pay extra each month. I am on a graduated payment schedule. Honestly, I ahve no idea how it works. She takes care of that crap.
It helps to be married to somebody that can balance a checkbook.
I just take care of the "deposit" part

IF you do primary care and start at 130K ( which is a fair starting salary. some make less, some make more ) that means ( after the unfair tax rates you will now be paying ) that you'll take home about 1500 dollars a week after tax. ( that is an extrapollation from my salary since I make a different salary)

So with 6 thousand dollars a month, if you live the life you lived as a resident ( who the Hell wants to do that though ! ) you could make a 1500 dollar a month loan payment.
You just won't be rushing out to buy your mercedes, and 5000 sq foot house right away

of course you could do anesthesiology and make 220K

a buddy of mine from my class is doing a CV anesthesiology fellowship, just up I-45 at the Tx Heart institute.
It makes me ill to think that he'll probably start out in the mid 300's

SICK, I tell you. he floats a swan and runs a pump from the break room ( his CRNA runs the pump )!!! AAAAH

Two things about federal student loans:

1. The interest is so low (about 4% right now for most of us who recently consolidated) that it is more financially sound to try and pay off other things, like cars and even some mortgages than to rush and pay off a student loan

2. If something happens and you die, your federally guaranteed loans go with you (unlike your money), so you would be better off investing for your family.

Of course, this doesn't include supplemental loans, so look at the details of your loans and then decide. If you don't take your family on vacation and instead decide to spend that money 'getting ahead' of a low interest loan, you're nuts.

Faith

I have 200K in debt. I am the only income in my household. My payments are about $1200 a month, and we are still putting plenty of money in the bank. We don't live the lives of residents, and don't really have to keep a tight budget. G

dreams of when i can stop budgeting $3.00 a day for food and never having to eat chinese food again dancing in my head. .damn better get back to lab

Originally Posted by rrod

dreams of when i can stop budgeting $3.00 a day for food and never having to eat chinese food again dancing in my head. .damn better get back to lab

I don't really call that Szechuan place, Chinese food! Panda Express back home had much better food and even that is just disgusting! Nasty food. Granted, they gave me a tab when I didn't have any cash to pay(I thought they accepted credit cards..).