What Residents Earn and Owe
Nov.–Dec. 2004
Recent data from the Association of American Medical Colleges show that the average debt load of recently graduated U.S. medical students rose more than 5% last year, to a median of $109,457. Here’s a look at other numbers that affect both medical students and residents.
Graduates With Debt
|
82.1%
|
|
Medical School Debt
|
| $100,000 and up |
58% |
| $150,000 and up |
25.4% |
| $200,000 and up |
7.5% |
|
Resident Income
|
| PGY1 |
$38,238 |
| PGY3 |
$41,628 |
| PGY5 |
$45,193 |
Source: 2003 AAMC Survey of Housestaff Stipends,
Benefits and Funding: Today’s Hospitalist, January 2004.
For more information visit www.aamc.org.
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