About Dr. Jake Groenendyk
Dr. He attended Covenant College in Lookout Mountain, Georgia, and graduated with a B.A. in Biology, followed by an M.D. from Washington University in St. Louis. He is now an internal medicine resident at Northwestern University, and in his free time enjoys reading, running, and cycling.
If you are considering attending medical school in the United States, you’ve almost certainly wondered how you are going to pay for it. According to the American Association of Medical Colleges, 76 percent of graduating medical students took out loans in 2017; for those who did, the median level of debt reached $192,000. To put this sum in perspective, it is more than the average American worker makes in four years. With $192,000, you could buy 29,538 chicken burritos at Chipotle or purchase both a Tesla Model S and a Model X, and ride my favorite mode of transportation, a Lime Scooter, for 157 days straight.
Perhaps even more worrisome than this high median debt level is the fact that, according to the AAMC, 16 percent of medical students graduating in 2018 had over $300,000 in educational debt. Concerns about this high debt level cause many potential medical students to be hesitant about pursuing medicine in the first place.
Others anticipate their future doctor’s salary and spend as they please. http://getbadcreditloan.com/payday-loans-mt/dillon While the high student loan debt faced by many graduates shouldn’t deter most applicants from pursuing a career in medicine, it is an important factor to consider before entering medical school. In this post, my goal is to provide you with the basic information you need. As you read, keep in mind that I am not a trained financial advisor and recommend that you do your own research before making financial decisions. Continue reading “Jake Groenendyk is a native of Sioux Center, Iowa”