What is your debt after getting out of medical, dental or law school?

After spending 4 years at a school like that, how do you cut down debt? How do you even live, since you are considered financially independent... How much debt do you accumulate and how long does it take to pay off?

What is your debt after getting out of medical, dental or law school?
Well, tuition seems to have jumped lately. I only graduated a few years ago and came out with just over $30K in debt. This is law where it's only 3 years, and it was at a public school.





Dentist cousin has about $120K from a private school.





Pharmacist wife has about $100K from same private school.





Dentist friend went to NYU and including his living expenses, has a lovely $200K or so.





Depending on how much you owe, they give you a certain number of years to pay back. Mine was under $50K or something like that, so I have to pay back in 20 years. All the other people have to pay back in 30 years.





I consolidated so I only pay about $200/month. My wife pays $425/month. We're kinda low cuz we got all our loans through the school's financial aid program. If you have to go out and get private loans from banks and stuff outside the normal financial aid system, you'll have to pay a lot more.





We lived off of loans. Being financially independent is good because you can get the max amount of loans, even if you have parents who can help you out a little bit. Loans were enough for me. I had a job also which gave me some spending cash.
Reply:If you have to take out loans your debt could be as much as 100K when its all said and done. Try to get grants and scholarships...free money is good!!!


It could take years to pay off student loans.