Have you done it? Know anyone doing it? Medicine grads can make $100k. If they live at home (like any sane young graduate does in the 21stC), they will have paid that loan off within three years. They have NO OTHER EXPENSES. 99% of that $100k will go towards the loan. Unless they're stupid (not usually something found in medical grads, but anything is possible) of course, and decide to 'have fun' - thus dragging out the debt for half a lifetime and impacting their ability to take out a mortgage etc.
So according to you someone who has spent the last 11 to 15 years STUDYING to be a doctor and is now in their 30's must continue to be a burden on their parents for as long as it takes to pay off their student loans and forego everything else including getting married, having a place to live, buying a vehicle to get to work, etc, etc. Needless to say you disingenuously IGNORED the cost of malpractice insurance and the rest of the EXPENSES incurred with being a medical practitioner. While you make up fantasy scenarios of the SACRIFICES that you DEMAND that others must make for your personal benefit in the REAL WORLD these doctors are HUMAN BEINGS who do some of the stressful jobs in our society. No one should be FORCED to live by your UNREALISTIC standards.
That's assuming they make the big money. There is a risk that they won't, or they might go into a lower paying medical field. Unexpected medical conditions, or legal/malpractice issues can end a medical career cold in its tracks. When the investment in something is big, the risk that there might not be a payoff becomes a big consideration. If a Philosophy degree holder can't get the higher paying job he was hoping for, his loss of income relative to investment isn't going to be as big as a doctor who went through medical school but then was unable to launch his career as a doctor for some reason.
Government has severely restricted the supply of doctors, government grants monopolies to pharmaceutical companies, government prohibits negotiation in the price for health care, and people genuinely severely overuse health care services because of the gross inefficiency encouraged by government
Such a lot of wind, Dear! No one has to do anything. If the only way you can make your argument (seem to) work is by insisting that it's some kind of demand, you've failed before you started. I KNOW medicine is a 5 - 7 year course. An 18 year old is therefore 23 - 25 at time of graduation. No child is a burden to loving parents, and loving parents would not ask their newly graduated and heavily indebted child to move out .. thus subjecting them to heavy expenditure and compromising their ability to repay loans. Loving parents want to offer their child rent free accommodation until the debt is paid off - obviously. By simply providing that additional two or three years of accommodation, parents are enabling their child go out into the world debt free. What kind of parent thinks more about their own comfort and space, than alleviating their child's long term debt? A pretty damned shitty parent, that's what kind. Further, a sensible kid whose parents are offering this advantage is unlikely to turn it down, if in so doing they render themselves indebted to student loans for many years .. compromising their ability to move into adult life in the usual way (mortages etc). We're talking about an extra two or three years at home. What's the big deal? What do you think kids need to be doing in their spare time that can't be done as an independent adult living within the family home? Do drugs on the sofa? run around the house naked? It's a place to sleep and eat FFS, and if your 24 year old can't behave themselves sufficiently to do that in civilised fashion, you've failed parenting dramatically. And you've certainly failed in your ability to produce the raw materials for a good doctor! It's all a choice. If parents want to impose restrictions on adult children, insisting they leave regardless of the huge debt, they're free to do so. If new graduates insist on leaving because they want to do drugs on the sofa, they're free to so. But both scenarios result in those incredibly long repayment times, and both compromise the graduate's ability to move into true independence. PS: Why do you think a 23 year old with a heavy debt is going to be getting married? That would be a pretty darned stupid and irresponsible thing to do. And even weirder, why do you think a kid living at home paying down debt can't have or use a car? They can drive Mom & Dad's vehicle/s, or if their parents are able .. they should fund a vehicle for his/her use. You have some really odd ideas about how a typical nerdy and studious medical student type lives. Must be that whole 'American college life' thing. That isn't a thing in many countries, including my own.
I think this expresses profound ignorance. If you think it should all be left up to the free market to incentivise doctors, expect to pay for that. Uncertainty, investment, and delayed gratification add a huge premium to how much doctors need to be paid. It doesn't take a big brain to see that completely relying on the free market may not be the most efficient solution here. So you completely ignored the issue in this thread.
Completely and utterly WRONG as always! No one goes directly from high school to Medical School because one of the REQUIREMENTS for entering Med School is an UNDERGRADUATE DEGREE which takes 4 years. Since you can't even get your basic FACTS right at the beginning of your fallacious content the rest of it is based upon the same fallacy and therefore IGNORED as IRRELEVANT bovine excrement. But feel free to get back to me once you have done some actual RESEARCH into the REALITIES of becoming a medical doctor.
While I'm sure most doctors are from loving, supportive homes, it's pretty ridiculous to assume that most parents have the luxury of providing rent free housing to adult children and can buy them a damn car. Your argument is based upon the fact that if you don't raise a perfect child, and don't help them on the path to success, they've somehow failed. The man who raised me, a responsible, dependable adult who has had remarkable career success, also raised a meth addict who has spent most of his life in prison. As far as how nerds live, I'm quite aware, as my wife is a huge nerd. While she paid off her substantial student loans by 30, she was also having a really good time after committing 7 years of her life to intensive study.
I'm discounting this right away. An associates degree for dental hygiene isnt taking 5 years, at $350 a month, to pay off unless you purposefully find the most expensive route to take. 2 years at a community college that offered dental hygiene cost me less than $10k. That included all books and fees.
LOL!!! Associate degrees are not the problem! And 2 years for an associate degree in Chemical Technology cost me less than $2,500. So what's your point?
Only the evidence of it actually being done .. by many. It takes a seriously stupid kid to leave home immediately after college while encumbered with $150k debt and a grad's salary.
If you haven't built your life around such provisions for your children, you've already gone wrong. This stuff starts at conception, not when they turn 18. At least it does for those of us not born to money. We have to beaver away for decades to ensure we're able to provide at least a bed, and the loan of Dad's old car now and then. It's not a function of wealth, IOW, it's a function of willingess. Since that's the way to provide the head start needed, choosing not to is done with full awareness of the cost to the child. It can't be grounds for pity.
Where did you get this bull? Yep! A BASIC medical degree is only 5-6 years but then they have to do 1 year intern then they usually have to do post grad studies. Even being a GP is a specialist post grad study
I don't know about you but I'm getting a bit tired of the steady stream of contempt that emanates from the right. In this case he sets up an opportunity for himself to spew contempt by shoving everyone into his nice, neat little box. EVERYONE fits his character description, or so he pretends.
It is the lack of even a 10 second google search that has me despairing. Why post something if you don’t check out what you are posting?
I don't 'prescribe' anything. That's the way to pay off your debt fast, take it or leave it. But if you leave it, you don't earn any pity points. You made your choice.
