Question: Dear Steve, I am a current third-year medical student that wants to drop out and pursue a different career. The student loan that I have is around 200k and paying that off while searching for new employment would believe me with next to nothing to support myself. How realistic is it that I can … Read more
If you’re a doctor or studying to be one, you probably have student loans. For most medical school students, student loans are a necessary — and stressful — part of taking on four or more additional years of schooling. In fact, 75% of all medical school students graduate with the assistance of student loan financing. … Read more
Question: Dear Steve, I have a student loan that exceeds 240K. I accrued that loan by going to medical school, unfortunately I have not been able to pass my boards and as a result I have not been able to apply for residency. In the meantime, I am having to work and study and with … Read more
“Dear Steve, I have a BS in Psychology from the University of Texas at Arlington and am just now finishing up my medical degree from the University of Auckland in New Zealand. (Finish Nov 9) I ended up taking out some private loans during my undergrad as my parents were against PLUS loans, and I … Read more
“Dear Steve, I was admitted in to a medical school and it has been a hard time for me because family and personal issues beyond my control has taken place. My school is currently under a lot of scrutiny and investigation. This year, there were a tremendous number of extenuating circumstances and even though my … Read more
“Dear Steve, I recently read about a medical student who was seven years post grad, and her student debt ballooned from 250,000 to >550,000. I am currently a medical student paying the max of what is available as I attend a private, expensive school. I tried to avoid this in advance, but was not accepted … Read more
Nicholas “Dear Steve, So far, my wife and I are current every month on all of our bills, but we’ve been living with steadily deepening debt since we got married 8 years ago. We were students then, living on student loans. We went into debt for our wedding and haven’t had a positive net worth … Read more
Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question.