A medical education as an investment: financial food for thought.
Every year that the training period can be shortened increases the value of a medical education. Tuition covers only a fraction of the cost of medical education, making the societal investment in older students less financially robust. Shortening training periods would immediately solve the shortage of residency training positions. With a few exceptions, a medical education is a good investment for women. We are skeptical of the proposals to address the skyrocketing student debt because they do not confront the primary problem. The best way to minimize debt is thrift, and the best way to make a career in medicine more desirable is to shorten the training time.
The Physician Investor Newsletter, Columbia, Mo. Electronic address: rdoroghazi@aol.com.
Robert M
RM
Doroghazi
University of Arizona School of Medicine, Tucson.
Joseph S
JS
Alpert
D002321:Career Choice; D004501:Education, Medical / Q000191:economics*; D006801:Humans; D007396:Internship and Residency / Q000191:economics*; D007449:Investments / Q000191:economics; D012456:Salaries and Fringe Benefits; D013997:Time Factors; D014146:Training Support / Q000191:economics; D014481:United States
Investment; Physician's salary; Residency match; Student debt; Women