Are you sitting down? The average residency graduate has around $250k in medical school and/or education debt. Yes, a quarter of a million dollars! The constant rise in medical school tuition costs is not commensurate with wannabe-doctors’ ability to pay. Generous federal graduate student loan programs have enabled students from non-wealthy backgrounds to pursue their dreams of becoming physicians. Unfortunately for borrowers during the early 2000s and 2010s, these loans came with hefty interest rates.
Student loan burden in the US has been the subject of lots of media attention of late and is a contentious topic, given that