The Influence of Medical Education Debt and Risk-Aversiveness on Radiology ’s Workforce

By now, most readers are aware of the staggering statistics regarding medical education debt in the United States. The Association of American Medical College reports that the average education debt for medical school graduates in 2018 was $196,520, with up to 16% of all graduates owing greater than $300,000 after completing school [1]. These numbers, in combination with increasing prevalence of income-based repayment programs that appear to be increasing the monthly payment for graduates at annual interest rates greater than 6%, underscore the contemporary saying that many medical school graduates “have a mortgage without a house.” If you add compounding interest onto these large principals during the increasing length of postgraduate education programs, indeed, a crisis is at hand.
Source: Journal of the American College of Radiology : JACR - Category: Radiology Authors: Tags: Training and education Source Type: research