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Average amount of student debt at the end of med school?


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4 minutes ago, marta12345 said:

 Did you pay your debt in  your first year of residency? I will be graduating with almost 50K of debt and I was just curious. 

 

Yup!

 

I owed about 30k and payed it off during my first year. Being at home for med school and residency helped a lot. 

 

A lotnof people at UofT stay home for school and residency I find to help costs 

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2 minutes ago, Aconitase said:

Yup!

 

I owed about 30k and payed it off during my first year. Being at home for med school and residency helped a lot. 

 

A lotnof people at UofT stay home for school and residency I find to help costs 

I live with my partner and he is responsible for rent, food, basic necessities etc... but I will still accumulate 50K in student tuition and book supplies, ...etc.  

You are definitely lucky to graduate with that little debt :)

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1 hour ago, Aconitase said:

Yup!

 

I owed about 30k and payed it off during my first year. Being at home for med school and residency helped a lot. 

 

A lotnof people at UofT stay home for school and residency I find to help costs 

I am not sure that a lot of UofT residents stay with their parents during residency. Everyone that I know lives on their own or with a roommate.

At some point, you do want to become independent and live on your own, just saying :) I find that you learn a lot about yourself. 

But finishing medical school with 30 K is a pretty sweet deal! 

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1 minute ago, LittleDaisy said:

I am not sure that a lot of UofT residents stay with their parents during residency. Everyone that I know lives on their own or with a roommate.

At some point, you do want to become independent and live on your own, just saying :) I find that you learn a lot about yourself. 

But finishing medical school with 30 K is a pretty sweet deal! 

I knew quite a few that did to help save money. Once they got married etc they moved out. 

 

I wa a much happier staying home. No need to worry about meals etc and was so busy in residency I could just focus on studying and work and sleep.

 

personally I thinking living on your own  and finding yourself is over rate but to each their own :)

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12 minutes ago, Aconitase said:

I knew quite a few that did to help save money. Once they got married etc they moved out. 

 

I wa a much happier staying home. No need to worry about meals etc and was so busy in residency I could just focus on studying and work and sleep.

 

personally I thinking living on your own  and finding yourself is over rate but to each their own :)

I do agree about the meal part :) I guess that once you live on your own, it is hard to move back with parents. 

I am also jealous of you able to paying off your debt during 1st year of residency :P 

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