Congrats—it’s finally over. You’ve graduated medical school, made it through Match Day, and are ready to start residency, on the road to finally becoming a fully fledged doctor.
But hold on, you’re not there yet. Odds are you finished med school with loans and some debt. The average med student graduated with $190,000 in debt last year, according to the Association of American Medical Colleges. And while the average doctor can make quite a bit of money—pediatricians earn an average of $204,000 and orthopedic specialists make $443,000, for example—the average resident does not.Read more