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Forgive Student Loans

student loans

Over the past week, you may have noticed that I have devoted several of my daily posts to highlight the emerging student loan crisis. I was prompted to focus in on this issue after hearing of a contest over on SDN to see who would have the highest debt after graduating from med school. Needless to say I was horrified. After awarding Tufts Medical School the prize for having the highest tuition and fees in the nation, a lot of discussion erupted over this. I was contacted by Ms. C. Cryn Johannsen, the Promotional Writer and Director of Marketing for the Forgive Student Loan Debt Movement (founded by Robert Applebaum whose facebook group now has over 232,000 members and climbing as of this writing). I get many emails from colleagues venting their frustration over the state of healthcare who ask how they can help but often feel powerless. Here is one recent particular message, “For one thing, what can any resident do about tuition costs? We paid our tuitions and moved on. We made the decisions, good or bad, to attend expensive med schools over state schools 5 years ago. What good is posting about tuition costs going to do for us NOW? We made our beds already and now have to live with the consequences.” Regarding the student loan issue, I too had similar feelings. However, with the passage of IBR as a part of the College Cost and Reduction Act of 2007 and the introduction of a new president a glimmer of hope appeared. With student loans ballooning out of control more must be done. The massive debt loads are only fueling the fire to the rising cost of healthcare in this country. The president has asked for ideas from the public in how to better control costs in healthcare…Obama are you listening? Your voices are being heard and I strongly believe that change can and will happen. I strongly encourage everyone to show their support of this grassroots movement by chipping in a mere $5 (which is less than your nearly useless AMSA dues but will actually mean something) to buy a bumper sticker. Though I would’ve preferred my bumper sticker to read, “My other house is my student loans”, I eagerly await for mine in the mail. Now at least everyone will understand why a new attending is still driving around in a clunker.

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Categories: Uncategorized
  1. Holly Windelow
    October 22, 2009 at 9:35 pm

    If everyone did not have to pay $500 a month, this would put some much more money into the economy!!!! And instead of everyone defaulting and having bad credit, therefore not being able to stimulate the economy EVER!!!!! Why not just forgive student loans and start fresh with HONEST Loan Companies!!! At least this would help millions of people and we would know that it would stimulate the economy instead of going to make the rich, richer like our so called BAILOUT MONEY DID!!!!!!!!!!

  2. Anonymous
    October 30, 2009 at 8:10 pm

    I agree 100% about this idea, It would be a huge weight lifted off so many good people who are just trying to make it in this world to day.

  3. September 21, 2010 at 11:06 pm

    Student Loans – just another way to borrow from tomorrow. They’re asking us to leverage our houses for 30 years, recently increased student loan repayment to 30 years. What??!! Ridiculous. Then, let’s have doctors who graduate from foreign schools paid full-ride by their governments come and compete for jobs with Americans who have to pay tuition. Hmmm…

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