Orac has a discussion that might be of interest to the young ‘uns: what kind of debt is hanging around your neck after med school? I can’t even imagine getting out of school with a bank expecting me to pay off a few hundred thousand dollars.
I went to college in the late 1970s, when we still had reasonable support for college students. I was on my own — my parents still had 5 other kids at home — but I could actually get through four years of college by holding down two part-time minimum wage jobs and with a fair number of scholarships and low-interest or no-interest loans. I graduated with perhaps a few thousand dollars of debt that I paid off easily — I’d get these quarterly bills for something like $30. Since these were loans at negligible interest, I almost felt a little regret at paying it off.
Unlike Orac, I took the grad school track. They pay you to go to grad school in biology. It’s a pittance, and you get to live in cramped apartments for a few years on macaroni and cheese (mmmm…free government cheese…) and the refreshments at departmental seminars, but you don’t come out of it poorer than when you went in. You also don’t come out of it with great job prospects and the employment is all for a low salary, but that’s another issue…