A Difficult Quandary...Any Parents Available?

epiphany
Thu, 10 Apr 2008 09:00:14 +0000

I’m torn whether to reply here or on the thread about being a consumer about education.

“I know many doctors who are still burdened by med school debt even now when their children are ready for college. Avoid debt as much as possible.”

I don’t know “many,” but knowing one is enough. It’s a married couple I’m thinking of, now into middle age. One child in a private college after expensive private high school (almost essential in my area, due to alternatives), another child still in expensive middle school. The couple has mountains of debt; she has wanted to increase her job marketability in a very competitive job region, so she’s now getting her Ph.D., adding to that financial burden. They get no breaks for financial aid, anywhere, despite that debt, due to their income on paper. With credit the way it is right now, and with some of us worried about the country’s financial future, I would heed pafather’s advice big time. (Although I’m no expert on med school!)