What is the average student loan debt for medical school graduates?
In the U.S. we are facing a crisis in healthcare funding. Medicare is anticipating cutting back on physician reimbursements over the next five years. While doctors are paid less, the average medical student is graduating with increasing student loans. The average medical student owes more than $100,000 in student loans for a public medical school and over $135,000 in student loans for a private medical school. According to the American Medical Student Association: “Medical education debt in the United States is staggering. Over 80% of graduates carry educational debt. The median debt burden for indebted graduates of public medical schools now exceeds $100,000, and the median debt for graduates of private schools is $135,000. According to data from the Association of American Medical Colleges, medical education debt is 4.5 times as high in 2003 as it was in 1984, far outpacing the consumer price index. Moreover, 25% of students have debt exceeding $150,000, and some new physicians have
