The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: James Hutton who wrote (202106)	5/13/2009 5:30:48 PM
From: Peter V	Read Replies (3) of 306849

Not sure about how long an English or other PhD takes, I thought it was about 3 years total after undergrad. Med students do 4 years of med school, plus the 2-4 years of residency with very little pay, not enough to pay down student loans. Check out the average student loan debts for PhD vs. medicine. 41K v. 125K finaid.org 125K is a whole lot of debt when you are just starting out, after 10-12 years of relative poverty. I'll agree that English profs with PhD's are not raking in the big bucks, but the hole they start in is a lot shallower. Law students have big loans too (80K), but it's only three years of school. I got lucky and paid mine off by refinancing my house back in 1998 or so. No new car from my house ATM, just restructured my debt to make the interest deductible and paid off over a longer period. Try that in today's declining housing market.

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