“I’m barely touching the principal at all,” said Lin, 30, who had no debt from his undergraduate years at the University of California, Berkeley.
About 27 percent of 2012 medical school graduates polled by AAMC said their debt load affected their choice of specialty.
It is the result of her deferring loan payments while she completed her residency, default charges and relentlessly compounding interest rates. Among the charges: a single $53,870 fee for when her loan was turned over to a collection agency.
Dr. Bisutti told her 17-year-old niece the story of her debt as a cautionary tale "so the next generation of kids who want to get a higher education knows what they're getting into," she says. "I will likely have to deal with this debt for the rest of my life."
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