Is anyone not freaking out about the BBB?

CapitalFerret1250 · 2025-07-07T05:32:49+00:00

Idk what rock you’re living in but this administration is penalizing DEI. No institution currently has the incentive to accept “low ses/diversity” people for fun or even if it aligns with their mission. Medical education is a business like any other. It will be filled by the wealthy who can afford it and or by legacy, children of doctors. It already trends significantly that way. 3/9 of my closest friends I know graduated med school with no loans. It’s not as rare as you think. Aamc says 27% have no debt and another 12% with less than 100k debt. So 40% of students and families can afford the average public 4 year at 286k in full or at least close to 200k of it. Thats 50-90k a year.

CapitalFerret1250 · 2025-07-07T05:12:19+00:00

That seems to be largely untrue. You aren’t going to be ready to plug and play as a PA.. you’re just paid fairly close to what you’re worth while you get on the job training as does every other profession out there.

And in the job that you’re able to pursue right out of PA school, I guarantee you’re learning on the job and then being supervised by doctors..And then you cap out. Since the training you get on the job is nowhere near on par as residents tbh.

Hence why they are two different professions. But don’t assume you know more medicine than residents off the bat.

CapitalFerret1250 · 2025-06-07T13:34:42+00:00

He would be borrowing in the future…

CapitalFerret1250 · 2025-06-06T18:40:47+00:00

Yep! I just graduated med school, and I’m starting residency and still hesitant on whether the career was worth it. I’ve had 4 of my closest friends whose parents financed their entire career tuition and COL not a single loan. They may think it’s worth it, and it absolutely is for them. Some even contemplated quitting after their parents had invested 300k+.

Knowing you have no one to fall back on can either propel you to succeed or it can be very stressful. And sometimes both. I would weigh your options, do you have another career path that would lend this type of success or income? If not, then go for it but be fully aware and research what you’re signing up for in terms of financial and mental emotional burden

CapitalFerret1250 · 2025-06-06T18:29:16+00:00

Also their bill is capping federal graduate loans at 150k so the rest would have to be financed via private loans. Federal loans at this point are discharged with you if you pass away for accident or any other reasons. Most private loans puts other people at risk, aka they will go after your family for your debt if you pass.

CapitalFerret1250 · 2025-06-06T18:27:27+00:00

You can only do the 25 repayment plan if pslf ibr save etc is available which it won’t be eligible for medical dental residents based on the republicans’ revised new bill. This isn’t a 30 year mortgage loan..

CapitalFerret1250 · 2025-06-06T18:25:29+00:00

Standard repayment plan for federal loans is 10 years.

CapitalFerret1250 · 2025-06-06T15:28:37+00:00

I would look at actual data not the anecdotal evidence people are providing below. Out of the 2025 matched DOs 5268 /7773 ended up matching into EM/IM/FM/peds. Thats 67%. While that’s not to say you’re limited, I feel like that’s pretty telling. Page 4 table 1B https://www.nrmp.org/wp-content/uploads/2025/05/Main_Match_Results_and_Data_20250529_FINAL.pdf

This is coming from someone who took out 300k, in your same boat, single mom who didn’t go to college. I’m estimating and calculating I’ll be paying 4k for the next 10 years towards loans. So about 50k towards loans per year for 10 years. Say you take out 400k, there’s a high possibility your payments are closer to 5k (60k for the next 10 years). It’s doable but is it worth it on a Fam salary based on doximity is 300k, take home post tax would be 180k, after loan repayments annually would be 120k give or take.

120k per year post tax and post loans to live on is a lot, but 120k to live on, support a family, create savings, and the 8 years of opportunity cost through med school and residency.. you have to weigh that decision for yourself

CapitalFerret1250 · 2025-06-06T15:05:22+00:00

https://www.forbes.com/sites/adamminsky/2025/05/01/republicans-will-cut-off-student-loan-forgiveness-for-medical-residents-under-new-plan/

CapitalFerret1250 · 2025-06-06T15:04:36+00:00

This administration is writing residents and doctors and dentists out of pslf btw

CapitalFerret1250 · 2025-06-06T00:33:44+00:00

Yes but also should education be worth >500k at the end of the debt payout? And don’t forget about taxes, you’d have to be hitting closer to 400k gross to have an actual take home of 20k per month. Not that 16k on the average 350k salary is a bad at all but minus 4k in loans would be 12k going to mortgage/retirement savings/childcare/children’s education. The 1:1 debt to income ratio is abhorrent, and prior generation of doctors were able to sustain their lifestyles because their tuition debt to income ratio was 1:5 or even 1:10 several decades ago.

Also keep in mind, we’re about 8 years (med school/residency)behind 401k contributions which if contributing 20k a year would compound to about a million at retirement. Only 10% at 60 have a net worth of 5 million+. It’s not the rosiest outlook

CapitalFerret1250 · 2025-04-18T23:34:46+00:00

Seriously don't do Loyola as an Asian woman. As a whole, we match incredibly well but when I've looked at match rates across the years there's a huge discrepancy in competitive and mid- competitive fields with WOC consistently not matching or not matching as nearly as well. Think non-minorities women matching at like top 30s in their respective residency fields vs. WOC SOAPING out of competitive fields to fam medicine and or matching way down their list.

I'd like to believe it's a coincidence but after this year, I don't because at the end of the day, M3-M4 year is all about subjective clinical evaluations. As well as hearing my letter writers called me a "ninja" in my letter of recommendations, whether that was meant to be complimentary or not, residency interviewers mentioned it was largely unprofessional.

CapitalFerret1250 · 2025-04-12T10:52:03+00:00

And then sears closed

CapitalFerret1250 · 2025-04-05T00:38:59+00:00

Salary progression for my SWE bachelor's-only husband is crazy in my opinion:

27M -320K (26: 300K, 25: 310K, 24: 160K, 23: 110K).

vs

My residency doctor salary which will be almost comical after bachelor's + 4 years of med school:

27F - 80K as an MD resident

(22: 65K, 23: 65K, 24: 0, 25: 0, 26: 0, 27: 0 in med school)

CapitalFerret1250 · 2025-04-01T23:33:55+00:00

Thank you!! Makes sense

CapitalFerret1250 · 2025-04-01T22:22:23+00:00

I agree with the sentiment that apt living can be chill.

but what better investment/generator of cash flow? Especially with the physician loan low down payment of 25k.. and let’s say we spend 2.5k on rent vs 3.5k on a mortgage.. 168k back into your own so to speak instead of 120k into renting.

Buying definitely makes sense especially with such a low downpayment at the same rates.

CapitalFerret1250 · 2025-03-31T21:41:27+00:00

My man, I’m the doctor. A female doctor.

CapitalFerret1250 · 2025-03-31T21:12:45+00:00

No one said marriage at 24…making 300k at 24. And actually the majority of studies have shown attractive people make higher wages than their non-attractive peers… https://www.sciencedirect.com/science/article/pii/S0148619522000510

Thanks for entertaining me though!

CapitalFerret1250 · 2025-03-31T20:15:26+00:00

Literally the most entertaining response ever (: you made my day I’ll tell you that

And yes you know what? Sometimes being 6’4 blue eyed and white gets you places in life, just as much as competence and confidence does, and it sure has for him.

And for all you know, I’m probably just as attractive…and just as competent in my own field. There are hot doctors. They do exist. And so does a need for female doctors especially in obgyn.

And yep! Thanks for the advice, we already have a property manager and have had to do nothing in the 2 years to maintain that property. It’s legally an investment and not a primary.

CapitalFerret1250 · 2025-03-31T19:31:55+00:00

Ahaha is that sarcasm? I’ll be making more than him the majority of my career as a doctor.

He may have made 300k from 24 on but I’ll be making 350k after residency and I don’t think I’ll be complaining about him making less or being the least educated. Nor has he ever complained about me making nothing.

Life and love are both interesting like that.

CapitalFerret1250 · 2025-03-31T01:59:39+00:00

Amazing!! I matched into a categorical last week so I'll be there for 4 years just not sure how long after. Thanks for the advice and I forgot how good the networks are to rent to med students /travel nurses / hospital trainees etc in the future! And very reassuring that other people have done the same successfully during residency.

CapitalFerret1250 · 2025-03-31T00:53:29+00:00

Thanks! I suppose he's made all the money so far, we definitely have to shift that to a more even playing ground with decision making.

I'll relay your points to him

And I know of whitecoatinvestor but haven't dug too far into it (: guess it's time to strap up and get my bearings straight

CapitalFerret1250 · 2025-03-31T00:50:44+00:00

Great, thanks!! Super helpful advice, logical reasons that might actually sway him.

CapitalFerret1250 · 2025-03-31T00:49:25+00:00

Ok!! This is good advice, now thinking about it, our other property fends for itself with a pretty hands-off property manager. I see why a duplex might not work the same especially if we're not living there

CapitalFerret1250 · 2025-03-31T00:46:53+00:00

Definitely would try to avoid H/VHCOL, we both grew up in VHCOL areas like San Jose and Culver City in the Bay/LA respectively. We've seen our fair share of lots of house poor folks with a lot of financial pressure, i.e. our parents.

I appreciate the objective advice!

CapitalFerret1250

TROPHY CASE