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Loan Payback

by a.b. (no login)

 
Undergrad College is 15-35K each year = 60K-140K
Podiatry School is 30-35K each year = 120-140K

That is 180K-280K in student loans, most people who are 18yo and over are on their own, no parent help nor should there be. That's a heck of a debt. We have people in their mid-20's whose parents STILL pay their way. That is obscene, and it is no wonder why these people have trouble dealing in the real world or with reality..

How is one to pay these loans off in their first year of DPM practice as the writer suggests? Plus interest, podiatry only pays ~60-120Kbefore taxes on a 50-60 hr weeks. Figures do not lie. If you choose to go to college or podiatry school, the burdon of payment is on the student, no parental help. You are an adult.

IF you chose to go to "higher" education, make sure it is in a valuable trade (maybe even a trade school) with immediate payoffs and financial benefits. It simply does not make any financial or life sense to waste 8 years in very expensive schooling, lost wages during that time, and accruing interest, to be a hypereducated derelict. The world is filled with them.

Posted on Feb 10, 2005, 11:42 AM
from IP address 134.174.248.70

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