Quote:
Originally Posted by red92s
Yeah I can see how this is a consideration in the medical field. Her situation is different in that she finished her degree at the age of 23 and was able to complete it without acquiring any debt . . . which greatly impacts the net earning picture when compared to the additional time and monetary requirements of an MD.
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It seems like the issue of graduating with so much debt from an advanced degree program is the larger issue I graduated in 2008 & I was very involved in our school's Honors Program. Unfortunately, I found a TON of pressure among these advisors and students to go become a doctor or lawyer or veterinarian or .... it got old. I'm one of only a handful of students who didn't attend graduate school at all. Since graduation, I've found a nice job with a nice salary that will grow quite well in the future. Since May of 2008, I've been able to jumpstart my savings to the tune of about $30,000. Meanwhile, my friends who are in school to become lawyers/doctors/psychologists ... they've racked up a TON of debt in student loans. By the time they graduate, I expect them to out-earn me for about 2-3 years, then I'll catch back up to them. But they'll still paying on a six-figure student loan and I'll have a 6-figure retirement account
I've never really heard people complain about topping out. I've got friends who have recently graduated with expensive graduate degrees (2 Optometrists, 1 Vet) who complain quite often about their student debt. Your brother's wife is the exception to the rule, not the standard. The people you think are just being jealous have a very good point. A professional degree is often not worth the delayed start for large paychecks and high amounts of student debt.