You Think Your Student Loans Are High - What If You Drop Out and Don't Finish Your PhD Program?

The other day, I was talking to a medical student, and he explained all the hoops they made him jump through, amazing amount of incredible barriers between his education and his future as a doctor for humans. I say that because he said that many will not finish and become a dentist, nurse, or veterinarian by switching academic tracks. Let's talk about the stress, and psychological issues involved.

As things get tougher and tougher as you go, worse, those college student loans stack up, and you get to pay those regardless of whether you ever get degreed or not, and it's not like most college degrees, there isn't a lot of grade inflation going on, you compete and either succeed or fail on your own. Most cannot make it all the way through, and this causes huge stress, disappointed parents, alienation, and often depression. For my acquaintance, well he is a super star and he has continued to graduate in the top of his class, of course, he has zero free time.

To get a medical degree and become a doctor, providing you last that long going through medical school, you could easily spend $250,000 to $400,000 in tuition costs, books, and you might owe all that money back in student loans. If for some reason you were to drop out, regardless of the reason, you still owe all that money back. What is a college student to do? Let's say someone is going for their PhD to become a neurologist, if for some reason they don't complete all that classwork, and if they go to one of the top colleges, who knows how much they could owe on all those student loans before it's all over.

Even if they go to a fallback position, that is to say another medical profession which doesn't pay as much, they will be paying off those student loans for decades to come. Now I hate to speculate, because recently there was a terrible tragedy in Colorado where a PhD neurology student walked into a movie theater and gunned down a bunch of people, and it turns out the shooter was in the process of leaving his PhD program (dropping out) at the University. Imagine the stress? Is that what drove him over the edge?

And even if it didn't, now with ObamaCare many of these kids will get out of college, going into the workforce, and their salaries in the future will be limited by our socialist medicine schemes here the United States. If they've already started medical school, thinking that they will be able to pay off those student loans because they will be making big bucks in the future, well, none of that is guaranteed anymore, in fact, it's not very likely. Do you see my point here? Indeed I hope you will please consider all this and think on it.

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Title Post: You Think Your Student Loans Are High - What If You Drop Out and Don't Finish Your PhD Program?
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