Well the cycle is almost over and it looks like I'll be attending a private medical school (only have 1 A) which will require loans of about 95k a year. I already have 200k of private debt from undergrad, so that would make my total debt before residency about 600k (with interest, maybe even 700k+). Terrifying I know. I will be paying the interest monthly on my private debt so luckily that will not increase during school.
Primary care route for forgiveness isn't really an option for me. No shame on primary care physicians, it's just definitely not for me and I'd rather pursue either the federal loan forgiveness program (PSLF) or have the military pay for it and owe my time afterwards (HPSP).
I'd like to do either ENT, plastics, anesthesiology, maybe EM. Most likely something surgical.
Is it better for me to take the federal loans, pursue a residency program that qualifies towards PSLF, then get an attending job afterwards at a PSLF qualifying hospital. Doing the math, I should be debt free by 38 as long as the PSLF program stays intact.
OR
Sign up and give a bit of my life and autonomy (in picking my specialty) to the military, in return for no debt.
Primary care route for forgiveness isn't really an option for me. No shame on primary care physicians, it's just definitely not for me and I'd rather pursue either the federal loan forgiveness program (PSLF) or have the military pay for it and owe my time afterwards (HPSP).
I'd like to do either ENT, plastics, anesthesiology, maybe EM. Most likely something surgical.
Is it better for me to take the federal loans, pursue a residency program that qualifies towards PSLF, then get an attending job afterwards at a PSLF qualifying hospital. Doing the math, I should be debt free by 38 as long as the PSLF program stays intact.
OR
Sign up and give a bit of my life and autonomy (in picking my specialty) to the military, in return for no debt.