Financial panic

[ides]

We had no family help and racked up about 220k at a private med school. They didn't give extra to cover spouse living expenses, so I worked at a sucky low paying job that paid about as much as dh's got from the loans for living expenses. We plan on not paying any of it back until dh is done with training. We too are planning on specializing. We hope that the boost in income will help us pay off the loans faster. During med school I choose not to look at the loan amounts or think about it either. Why torture yourself?

[Lo]

We have 200K for DF medschool (thank god he was full ride for undergrad) and 160K for my undergrad (stupid private school)...his is defered all the way through his fellowship but we will have to start paying mine off next year :!

We are fairly lucky. DH only had 90K in debt after residency. We were able to lock in a permanent low rate so our payment will always be $490 a month for the rest of the loan. Heck, that's as low as my car payment.

[madeintaiwan]

It is so amazing what our spouses go through to become doctors. What other career would you ever hear someone speak of $200k loans! People think they make all this money without considering how much money they spend on loan re-payments. I honestly think my dad is still paying back his loans to this day. DH was complaining in the bookstore about how much a book was and this asshole was like, "hey, you're going to be a doctor and you'll be making ALL this money, who cares how much the book is!

This drives me crazy. No one seems to get this.

[Ravenclaw]

It is so amazing what our spouses go through to become doctors. What other career would you ever hear someone speak of $200k loans! People think they make all this money without considering how much money they spend on loan re-payments. I honestly think my dad is still paying back his loans to this day. DH was complaining in the bookstore about how much a book was and this asshole was like, "hey, you're going to be a doctor and you'll be making ALL this money, who cares how much the book is!

This drives me crazy. No one seems to get this.

Me too. DH's salary is going to be hovering around minimum wage for the next 5-7 years, not to mention the loan payback when we finally get a real paycheck.

DH's salary is going to be hovering around minimum wage for the next 5-7 years, not to mention the loan payback when we finally get a real paycheck.

*groan*