This kind of degree warrants a $300k plus loan more:
Meet a medical school graduate with over $360,000 in student loans and says $10,000 forgiveness wouldn't make a difference for people in his position
After graduating from medical school in May, Joshua McGough still has over $360,000 in student loan debt despite doing the "unheard of" to survive financially and working part-time throughout his post-graduate education.
McGough, 27, told Insider that the student loan payment and interest pause have been helpful in allowing his family to save up some extra money, but he's working toward restarting payments if the extension expires in August. Officials in the Biden administration have hinted that the pause could be extended.
The conversation around student loan payments and potential forgiveness, McGough said, has neglected to mention that for many in the medical field or at the graduate level, loans don't just pay for tuition but for everyday living expenses, meaning they can rack up pretty quickly.
"The loans for medical students tend to be for usually single (people) usually living with roommates and not for me because I'm married and I have a 10-month-old. So even the loans that the government tends to allot do not cover all the expenses required of being a graduate student and a medical student," McGough said.
He added: "Like I had to work part-time during medical school, which is almost unheard of. I had so many needs for money other than tuition, and that's just kind of where the system falls short for students like me."
McGough said he's fortunate to have two part-time remote positions where he can make his own hours, but he knows of medical students who graduate and have to take on jobs as delivery drivers, which he says is difficult with rising gas prices.
He runs social media platforms for the dermatology department and helps a company make webinars for students that are getting into medical school.
Topic: If you owe $303,000 for a teaching degree, perhaps part of the blame is on you (Read 377 times)