Residency

Medical resident debt

Residency Program Insider, September 2, 2020

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Nearly a quarter of medical resident have more than $300,000 in medical school debt, according to Medscape’s latest report on residents’ salaries and debt.

The report, which surveyed approximately 1,700 residents from more than 30 specialties, also found that 11% of respondents had $250,001-$300,000 in debt, while 14% were $200,001-$250,000 in debt. Conversely, 23% of respondents reported have no medical school debt.

Survey respondents were also asked about their compensation and 43% reported that they felt they were fairly compensated. Twenty-nine percent believed that resident should earn 11%-25% more. About a third of residents felt that they should earn 26%-50% more.

Source: Medscape
 



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