Becker's Healthcare September 18, 2024
Medical education debt is growing, and some physician leaders feel physician pay isn’t growing fast enough to account for rising debt paired with rising practice costs.
Here are 10 notes on medical school debt and how it compares to physician pay, according to data from the Education Data Initiative and Medscape’s 2024 “Physician Compensation Report.”
1. Medical school graduates owe an average of $243,483 in educational debt, including premedical debt.
2. Of the indebted medical school graduates who received more than $100,000 in scholarships, those who attended a public institution owe a median average of $115,000 and those who attended a private institution owe $130,000.
3. From 1998 to 2019, average debt for medical school graduates increased by 48.5%.
4....
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