Commonsense would seem to necessitate scrutinizing any decision with the capacity for detrimental long-term implications, would it not? And, few would disagree that attending medical school constitutes an unquestionably worthy and honorable endeavor. However, using student loans to finance such efforts potentially trigger onerous financial obligations with burdensome debt encumbering other aspects of one’s life for the foreseeable future. Is there any doubt that acquiring massive financial obligations without thinking the entire process through could become a foolhardy proposition? That doesn't suggest minimizing one's ambitions or strategic goals whatsoever, but it does justify a reasonable accounting of the entire process and where it
Furthermore the study does not provide enough evidence to pinpoint specific reasons as to why these disparities exist. A continuation of the study and deeper analysis of student’s financials resources would improve the research. Jolly examines the effects medical school tuition has on prospective and former students. He used data collected by the AAMC (Association of American Medical Colleges) questionnaire distributed to medical students in 2003. The reports from the AAMC questionnaire show variation in average debt of college students, and also displays the differences in graduates’ debt by race. Jolly compares the differences of indebtedness of each race to the influence debt has on medical school decisions. By doing so, Jolly is able to see if minorities obtain more debt than non-minorities. The results of the data displayed a discrepancy between the debt of blacks and whites versus Asians and Hispanics. Yet the difference of debt amongst the races is less than 5%, and thus considered to be not significant in the study. The data seems reliable as it measures the debt of medical students after graduation and not prior to. However the data is based on self-reported questionnaires, which could lead to a non-response bias. The study also is inconclusive in determining how race impacts a medical student’s debt. Rather, Jolly focuses more on the financial resources the student has (i.e. family wealth). The affirmative action of medical schools are often racially biased
A four-year college education is an expensive recommendation, and many students require loans to pay for their tuition. These loans may appear beneficial at first glance; they permit students to attend class without working an occupation, concentrate on their schoolwork and possess a relatively low-interest rate which regularly does not take effect until after the student graduates. However, students often overlook the fact that they need to repay the loans in a timely manner. The future is difficult to predict if students will be in a superior position to reimburse the loans in a couple of years than they are present. A majority of these loans do not vanish even if a student decides to file for bankruptcy because of how unclearly laws are
Without student loans, a great deal of students would not have the opportunity to obtain a higher educational degree. Student loans give the possibility to low-income families to be admitted into college without the doubt of not being able to pay. Lastly, some argue that “the upside of student debt is that … it may be possible to earn significantly more or to pursue a more personally fulfilling career, making the debt financially or emotionally worthwhile”(Fontinelle). This argument comes from if one wants to enjoy their job, they need to get the correct amount of education in their field of desire, no matter the debt. Conclusively, there are plenty of upsides to loan debt, but in all, the increased debt of student loans should be subsidized to lessen this
Physician licensure has been a long debated issue in health economics, with health professionals expressing their support for it and health economists arguing against it. Critics have argued that licensure has resulted in only benefiting physicians forcing economists to propose creative theories as to how licensure can assure quality. The literature on licensure has grown with time with theories suggesting the benefit of certification over licensure. One of the most prominent argument for physician licensure was put forth by Arrow in 1963.
Many students are uneducated about student loans. When I say uneducated I mean that they have no idea what type of loan is best for them, how much they need to borrow, or where to get the loan. There are many resources out there about student loans, but there are not any requirements to review them before taking out a loan. Students are not required to have any knowledge about how the loans work. Students need to have the correct knowledge when applying for a loan, otherwise they may end up with too much debt or the wrong type of loan. A student should not start off their life outside of college in unnecessary debt.
What you don’t know about student loans can hurt you.” As Americans pursue more education, they also accumulate more student debt. Student loans have become a big problem for college students across many American campuses’ because of increasing tuition cost, decreasing the amount of grants and scholarships, and the high interest rates of student loans.
In recent discussions about college, a controversial issue has been the great amount of student debt owed by students. Hence, many students have opted to not go to college because they do not have the money to pay their student loan debts. In the essay“A Lifetime of Student Debt? Not Likely,” Robin Wilson argues that graduating college with student loan debts is a still better option than not attending college. On the other hand, other people contends that people should not go to college because they will end up in debt for the rest of their lives. My own view is that college is still a worthwhile investment that everyone should seek regardless of the debts they have to pay in the future. In other words, people should go to college. My
As a matter of fact, college is a personal choice, not a requirement, and for the most part nobody is forced to attend third level of education. Those students who decide to go are well educated, they think in front about their future and their parents prepared them as much as they could. Students entering professions such medicine will be certainly able to repay their loans after graduation in truth, students may have some difficulty in few years as far as loans, but it’s obviously that with expected income in future there will be no problem to pay loans back. Students need to find a program or degree
This is completely unreasonable. College debt is crippling collegians’ contingency. Graduates suffering from debt will struggle to prosper in the real world. They will be deprived of opportunities to travel. They will deprived of opportunities to purchase their dream house.
While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of
There are many moral dilemma associated with college debt forgiveness. Those that decided not to go to school due to the high cost of it are suffering from the lost opportunity. They have already made the decision to not be in debt and are now seeing that it could have been forgiven. Another dilemma is the burden of paying for colleges on the taxpayers. Should someone who has never met you have to pay for your education? This argument is similar to the welfare system. However you stand on these issues know that student loan debt will affect you. It is up to the voting age Americans to make a decision that will affect the older generation, our generation, as well as the younger generations. The steps that we take now can and will set a precedent
Every one of us has relied on a medical professional at least a few times in our lives. When we get seriously ill, or suffer a serious injury, we put our health in the hands of doctors, nurses, and pharmacists, fully expecting to be treated with a certain degree of professionalism and safety. Unfortunately, sometimes the expected care is not given, or not given to the extent which the ailment requires. In these situations, we can feel blindsided, confused, even taken advantage of.
It's me, Faith. I want one send you a congratulations and see how you and the and see how you and thenew little one are doing. I didn't want to email you too soon after your due date- so you would have time to rest. Hope you two are doing well. I do have a question for you about medical school and choosing a career in medicine. Recently, I was able to attend a Health Professions Fair at Wake Forest University. There were, I think, 52 or 53 schools there. Afterward, I started thinking about choosing a medical school. I was wondering how you decided what medical school you would apply to, and what was it about those/that school that attracted you? Was the school(s) you were accepted at your first choice? Also, what are the pro and cons of being
I would want to become a lawyer, who works in the fields of both sports and health law. I know this because because in the near future I would like to become someone who would have the skills and the ability to help people who are in any kind of need. More specifically I would like to become a medical lawyer because not only do I want to help people from the legal side, but I would also like to help people from the medical side of the spectrum. My greatest motivation more becoming a lawyer was when my father was sued for 1 millions dollars because someone had tripped in front of our house. I would say this was my greatest motivation because I felt that there was nothing I could do to help. Becoming a medical lawyer would be very great, because currently I am trying to receive a Kinesiology degree, so I believe a perfect job for myself would have to incorporate both health and law. By studying Kinesiology, I would be able to familiarize myself with the medical world, so that once I start practicing medical law I would have the background and motivation to become a great medical lawyer. In this essay I will try to explore every aspect of becoming a medical lawyer, while reviewing the trends in our society that will either benefit or detriment my goal of becoming a medical lawyer.
Do you remember what it was like to get on your bike for the first time? You have no idea what you’re doing, but you were too caught up in the excitement to care; you just hopped on to that meekly cushioned, faux leather seat, grabbed the rubber handlebars, and pressed your feet on top of the grooved pedals and started pedaling. As you start to move forward, the front wheel of your bike begins to zigzag and you lose control, diving head first into the weathered concrete. “What a mistake that was,” you thought to yourself, but you wipe away the tears streaming down your face and with a faintly shattered ego you get back on and try again. Mistakes are learning opportunities. But what if your mistake causes more damage than a scraped knee? What if the mistake you made causes severe injury or death to another? In the medical field, these are issues that we need to be conscientiously aware of. It sounds like an obvious message, but patients in hospitals throughout the country are injured or die because of a medical errors on a daily basis.