For doctors, dentists, and lawyers (for examples), how much is the average loan amount, and how long does it take them to pay the loan back, and at how much per month?
Same question for teachers.
I'm trying to get an idea of how much indebtedness is involved.
My grandsons are beginning to look into college, so I'm very interested. One wants to be a pharmacist, and the other wants to be an engineer. (Of course, they could change their minds before they start school but that's their current interest.)
One of my nephews just got his bachelor's degree in math, and is teaching now while also attending a master's program. Most of his education was paid for with scholarships and grants, with his parents paying the rest. (They are not rich, by any stretch of the imagination.)
Another one of my nephews will be graduating from a master's program this December. It was paid for (100%) by the state because it's for an occupation that the state needs. He has to pay back the state by working for them for a year within that field.
Another nephew (yes, I have all nephews and grandsons--no girls), got his bachelor's degree in music, paid for by scholarships and parents. His parents were no way rich. He worked for a while on a cruise ship, then joined the Air Force. The Air Force will pay for his master's degree.