I’ll be 40 in a few months and am just starting my pre-reqs for medical school. With some hard work and a bit of luck, I hope to be enrolled in med school by fall 2010.
As I’m breaking this news to friends and family, I hear a mixture of “Hey, we’re happy for you” to “Geez, it’s a mistake.”
Stuff I’m sure everyone has heard before and has consumed a lot of bandwidth on this forum.
What I am interested is in the money situation. Not the money involved in surviving through school itself, but the money that does or doesn’t come flowing in once you’re done with residency.
As altruistic as I’d like to think my goals are, there is also the practical reality of a return on my investment of time and the loss of salary that my family will have to sacrifice on MY behalf. I least owe it to them to be able to have some sort of carrot dangling at the end of this.
From the salary surveys I’ve seen, that doesn’t appear to be much of an issue. Then, a friend shared this with me this morning:
"My sister X got a degree in nursing right out of high school. She worked as a nurse in the hospital in Y, the town were my parents live.
She then decided to get a masters in nursing and when to Z-University to complete that then returned to Y where she got a job at the same hospital as an ER nurse. She did that for 10 years and because it was a small ER with only one doctor and 2 nurses on duty, she was forced to do a lot of work that the docâ€™s normally doâ€¦Like â€œclose upâ€, stitches, minor surgery, etc.
After 10 years she decided she wanted to become an ER doc so she went back to school and continued to work (like you want to do)â€¦
And got the pre-reqâ€™s. She then applied to med schools. My sister X has never gotten anything less then an â€œAâ€ in schoolâ€¦Even when she was pregnant and gave birth in collegeâ€¦she had her son over spring break and still got Aâ€™sâ€¦I think she applied to about 10 med schools and got rejected by all but one or twoâ€¦one of which was Stanfordâ€¦.
Stanford said 'We will accept you but we want to be really clear that we believe this is a bad idea on your partâ€¦You will never recover the money you spend on what you are going to spend on med school because you are starting to late in life.'â€¦
Basically they told her she was too oldâ€¦I believe at the time she was 37 years old.
With that info she elected not to go to med school and instead decided to become a nurse practioner. I think that took 2 years and she has never been happier and has been a RNP for about 10+ years.
If all goes well, I'll be 50 when I've completed my residency and figure I'll have at least another 15-20 years to work.
Can a family practitioner pay off the $150K in debt and still make a decent living?