š° Ever wonder what becoming a doctor really costs in the US?
š The average cost of 4 years of medical school in the U.S. is now roughly $350,000 when tuition, fees, and living expenses are included. Thatās more than double what it was 25 years ago. š
š¦ If you borrowed $350,000 today and repaid it over 20 years at current graduate loan interest rates, youād end up paying back around $650,000ā$700,000 in total. š³
ā³ And thatās before considering the years spent in medical school and residency while many of your peers are already earning, investing, and building wealth.
ā¤ļø Looking back, Iām still incredibly happy with my decision to go to medical school. I love what I do and wouldnāt trade it for anything.
š” However, I definitely wouldnāt do it for the money. Becoming a physician is an amazing privilege, but itās also a tremendous investmentāboth financially and in terms of time. Do it because you love helping others or else you will never be happy.
š Knowing these numbers, w...
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