Best answer
Under 5 years
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Do doctors have to pay off student loans early?
There’s never any penalty for paying off student loans early, and many doctors choose to aggressively repay their medical school debt. According to a 2019 survey from staffing agency Weatherby Healthcare, 35% of doctors paid off their loans in fewer than five years.
How long do doctors carry student loan debt?
But how long do doctors carry that debt once they鈥檙e done with training? Average medical school loans can be paid off in under 5 years. However, physicians have a number of alternatives for loan repayment. A majority of physicians are pursuing public service loan forgiveness, which takes 10 years but may cost less overall.
How long does it take to pay off medical school loans?
Average medical school loans can be paid off in under 5 years. However, physicians have a number of alternatives for loan repayment. A majority of physicians are pursuing public service loan forgiveness, which takes 10 years but may cost less overall.
How can doctors pay off medical school debt aggressively?
Student loan refinancing is likely the best option for doctors paying off medical school debt aggressively. If you can get a lower rate, you could save thousands of dollars in interest over the life of your loan.