<p>I think you missed my point. Most places are giving SIGNING BONUSES. There may or may not be some ties to the amount of debt you're carrying. The money can be used for pretty much whatever the resident wants.</p>
<p>previous discussion had not centered on signing bonuses. Rh. had mentioned specific debt-relief incentives, not blanket signing bonuses, and for the record I have heard of a number of group practices that do both, give a signing bonus and pay off a certain amount of debt per year worked.</p>
<p>Our groups offer the debt payoff as part of the bonus. (if you have no debt, you can negotiate a higher bonus) All of which is part of the contract.</p>
<p>In 1991 I had 60k in student loans at 7.25 percent interest. I was 27 when I finished med school. My payment was 357/month and I would have been finished paying it off when I was 55. Thanks to 0 percent credit cards in the 90s I was able to pay it off in 10 years. Stick to a state school for under grad and save your money. U will need it for grad schools. Also you may make 250000 a year but then you loose your student loan deduction. (current tax laws). After taxes you may bring home 125000 so it may take at least 10years to pay off 200,000 also, most drs are independent contractors so you will be paying your own malpractice, disability (got to protect those hands) social security and Medicare. If you have an office, you have to make rent and payroll for your staff. (been there just saying). Chemical and biochemical engineering where’s the moneys at!!!</p>
<p>God bless all you surgeons who made it through. I hope it’s everything you wanted it to be. Lord knows we need good doctors. Good luck everyone who reads this forum!</p>
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