Mr. DebtAnatomy’s Medical School Debt – Last Updated Feb. 2017
I am currently approaching graduation. The total amount of loans I took for school was $227,157. The total amount of accrued interest thus far is $23,373. This leads to a grand total debt load of $250,530.
The highest interest on my loans is 7.21%.
The lowest interest on my loans is 5.31%.
While this is complete insanity, I recognize that it could be much worse. We only had to borrow money for living expenses during one year. The other 3 years we paid for living expenses through Mrs. DA’s job as well as savings. If this hadn’t been the case, my debt would be well into the $300,000’s.
Mrs. DebtAnatomy’s Nursing School Debt
Mrs. DebtAnatomy has been working as a nurse for a year and a half. Minimum payment is $215.75/month. Thus far we have only paid the minimum payment, because we were using the excess money to save for residency application and interviews. Now we are saving money for moving expenses as well as a security fund.