The other day, the latest York University class of Medicine became the second medical college in the world to be completely tuition-free. Dr. Robert Grossman, dean of this school that is medical cited young physiciansвЂ™ вЂњcrushing debtвЂќ as an impetus for the move. It’s possible to think that physicians, using their gigantic salaries, are immune to student financial obligation concerns, but Dr. GrossmanвЂ™s announcement made official what many medical school pupils have actually long known: The crisis of spending money on education has finally trapped using the one %.
My personal experiences highlight the magnitude for the issue. Upon graduation from medical college in 2013, we owed about $180,000 in pupil financial obligation вЂ” what may seem an outrageously high number that is really about $10,000 lower than the common for todayвЂ™s medical school graduates. Continue Reading