Sounds like the system is basically set up to enrich loan companies, and to a lesser degree universities.
Who is lobbying for this system to be improved? Because almost certainly loan companies and universities are lobbying against that.
Who is lobbying for this system to be improved? Because almost certainly loan companies and universities are lobbying against that.
Look no further: https://www.nrmp.org/wp-content/uploads/2023/03/Match-Rates-...
Now, I don't know how you would ever include people who don't apply. I mean there are 5 million americans of age every year, so i guess that's a denominator.
what's a all time match high ? The number of spots and students ? Yeah, so ? The concern was that the number isn't high enough, and where the bottleneck is.
The real answer to why doctors in america earn so much, is that everyone in america earns so much. If you compare doctor to median salaries in the us, vs. doctor to median salaries in europe, maybe its not so different ?
No, they are absolutely not. About 5% of medical school graduates do not placed into a residency program. There's a slew of Caribean medical schools that take only US based students. They have about a 20% non-placement rate.
Med schools have a lot more flexibility in slots. Once established, it's far easier to increase class size by 10% than it to get 10% more residency slots.
What I heard was emergency departments suffered brutally during covid, and that has had a chilling effect on anyone wanting to go into it. The med students matching now were all rotating through departments during covid.
It's pretty foolish to take out private loans for medical school. Most people avoid it unless they need to cover living costs.
Federal loans have the chance of being forgiven with PSLF.