<p>@MiamiDAP, Were we talking about “paying thousands every month” during residency?
All the posts are still up here. Starting with Mike expressed “that their goal during residency is to pay enough back that the principal grows very slowly rather than genuinely accelerating away and becoming hopeless”.</p>
<p>I don’t know why you are so convinced that I am misleading people and have to speak in such an authoritative voice simply because things you have never heard of or don’t believe.</p>
<p>If I tell you that my child daycare fee was $130-$150/week (dropped to $40-$50/week after she started grade school thanks to public school), do you still think raising a child is much less a financial burden than paying interests on student loans? Was I comfortable then? Probably not. Was I struggling? At least I did not feel it. My job was stable and I never have to worry about paying rent or bringing food on table. I don’t remember buying anything that was not on clearance or on sales though, and I did not bother to think things I could not afford. </p>
<p>Nobody say debt is easy. But for future doctors who are not as fortunate as your daughter, they are not going to living in poverty because they have student loans. Barring any major unforeseen drastic changes of the Job prospects and earning potentials of the MD’s, I believe the average of $150K-$200K medical student debts is manageable. The debt is not going to cripple a doctor-being a resident doctor or attending doctor- as long as he does not quit his job, as long as he makes repaying debt a priority and disciplined to always live within/under his means.</p>