PT and Debt-Free: How Exactly To Pay Off Student Education Loans Quicker
Listed below are eight suggestions to allow you to pay back those burdensome student education loans. Follow this link to see our guide to paying down student education loans and remaining debt-free, right here.
In accordance with WebPT’s research—and as depicted within the infographic shown below—one in four PT students could have a lot more than $150,000 in education loan financial obligation at graduation; one out of three will owe a lot more than $100,000; and something in two will owe significantly more than $70,000. The average DPT grad will take 45 years to pay off $100,000 in student debt (assuming that therapist makes an average salary of $70,000, has a 5% interest rate, and puts 8% of his or her salary toward loan repayment) with starting salaries being significantly lower in the PT field than in other medical career paths.