Howdy everyone. I'm writing this after spending a long time away from the forum. I'm a graduate from back in 2008. I'm boarded in Family Medicine. I'm writing this after visiting the website and seeing how expensive Ross has become. Back when I started at Ross, May 2004 the first 4 semesters were about 12K, and the last 6 were about 15K. I took full student loans to pay plus an extra 10K to pay for things like a board prep coarse and a little fun time. The grand total on my loans was about 250K with my average interest being just under 6%. I deferred my payments for the 3 years I was in residency, and when I came out into the "real world" my total debt with interest had accrued to just over 350K. The reason I'm writing this is to have you take a moment and realize the mountain of debt you are going to accumulate with the cost of Ross. I don't know what interest rates are now but I'm guessing they're about 6.8% or higher. Those of you who are taking loans for the whole thing are looking at well over 500K in debt when you get out. Now fam med isn't the richest field to be in but I'm in the top 10% of fam earners and the amount that I pay to Sallie Mae is daunting. I've been in private for about 2.5 years and have been paying 3k for the first 1.5 years 5K for a month for the past 12 months to Sallie and my debt has gone from 350 to 280. In other words I alot about $85,000 pre-taxed income towards student loans in order to pay them off in about 8 years. If you're planning on doing what I'm doing the cost you will have to come up with is well over 8K a month... AFTER taxes.
I'm sorry I'm a little long winded, but I just want people to be aware of the mountain they are about to climb.
I'm sorry I'm a little long winded, but I just want people to be aware of the mountain they are about to climb.