Sunday, September 7, 2008

What can I know about Medical Student Debt?

Did you have problem with your body? Did you feel healthy? Did you also have medical student debt and you in big problem with that? You should read this stories..

In a recent study by the Association of American Medical Colleges (3) the cost of private medical schools has risen 165% and the cost of public medical schools has gone up 312% over the last 20 years. A similar study by the AMA (4) found that medical school costs have increased substantially more than the Consumer Price Index (inflation). The average medical student graduates with nearly $100,000 in student loan debt (Medical School Loans).

Compound this with slow physician salary growth, young physicians are faced with increasing difficulty in paying their college student loans and medical student loans.

The good news is that medical schools, and importantly the organization that licenses medical schools, recognize the problem. During the re-accreditation processes he LCME (Liaison Committee on Medical Education) asks every medical school how they intend to reduce medical debt. This puts pressure on the schools to either reduce costs or find creative ways to help students finance their debt.

Please read this 2 article before you think you in crazy mode!

1. Debt settlement
2. Student Loan in Denmark

Ps: I don't think i have problem with my body right now. But i don't know what will happen in future..

1 comment:

Anonymous said...

Good words.