Just recently I was having coffee with one of my classmates and we were discussing our lives after medical school, after starting residency. We spoke about where we would want to settle down, what types of houses we would want to live in and how we would start creating our families. My classmate then asked, “Do you ever wonder how we could afford all of these things?”
It is no secret that medical school is a big investment and the journey itself is extremely expensive. The majority of students take out thousands of dollars in loans to be able to pay for tuition and maintain the basics of life: food, shelter, transportation, etc. during that process. However, once we graduate, we are faced with these loans that will begin to add up given the interest that builds year after year.
My classmate and I then began to discuss how the majority of students don’t really get much of a “financial” course in medical school. While there are advisors and resources that students can utilize to get that information, we agreed that it would be beneficial to have a 2-3 day course on the matter towards the end of our third-year where we could discuss ways to pay off loans, purchase homes/cars, and other questions that we may have upon graduation.
I would love to hear your thoughts about the matter down below.