<p>On the AAMC website, averages appear to hover around $150K-200K for debt.</p>
<p>How long on average does it take to pay off such debt?</p>
<p>On the AAMC website, averages appear to hover around $150K-200K for debt.</p>
<p>How long on average does it take to pay off such debt?</p>
<p>Depends on a lot of factors: what kind of doctor are you going to be? Is it a relatively short residency or a residency with a fellowship? Do you plan on having a family, buying a car, house, etc. right after medical school? What’s your interest rates on your loans? The cost of living in your city that you plan on being in? Etc., etc. etc.</p>
<p>But if you were single, lived in a decent place, and made 150k-180k a year, you could probably have it paid off in 5 years and still save some money in the bank.</p>
<p>Ookla, do you have a cite for that? I thought it was around $120K for med school only.</p>
<p>Edit: average educational debt is $154K as of 2008 <a href=“http://www.ama-assn.org/ama/pub/about-ama/our-people/member-groups-sections/medical-student-section/advocacy-policy/medical-student-debt.shtml[/url]”>http://www.ama-assn.org/ama/pub/about-ama/our-people/member-groups-sections/medical-student-section/advocacy-policy/medical-student-debt.shtml</a> but that is for all educational debt. I’m still looking for med school only.</p>
<p>Here’s some more. <a href=“http://www.aamc.org/programs/first/debtfactcard.pdf[/url]”>http://www.aamc.org/programs/first/debtfactcard.pdf</a></p>