Student loans, especially medical student loans, are real burdens that is not to be taken lightly.
Any medical school student can attest to the overwhelming cost of medical education. In fact, the cost of medical education has doubled in the last 15 years with those studying in private schools experience a higher increase that that! With those figure it is quite understandable why medical practitioners go for the money right after graduating, after all they do need to pay their medical student debt, which currently averages at $140,000 per student.
The figures are such that applicants, who would otherwise have become productive contributors to the medical field, opt not to continue. This is a tragedy not only to their personal goals, but also because of the fact that it contributes to the shortage of physicians that is facing the United States. Because of this, the American Medical Association (AMA) adopted a policy on June 19 that they hope would help address the problem of medical student debt. The policy includes helping students find better financing options and greater transparency on the part of medical schools.