April 13, 2013

President Skorton: Medical School Is Worth the Cost

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Although soaring tuition rates are saddling aspiring doctors with what Bloomberg News called a “burgeoning debt burden,” President David Skorton said to the news outlet this month that he thinks medical school is still worth the cost.

Skorton, a cardiologist, spent two decades paying off the debt he accrued from his college and medical school education.

“The best investment I ever made was to borrow that money,” Skorton told Bloomberg.

Skorton’s situation is not unique. The majority of medical school students pay their way through school with loans, according to Bloomberg.

Not even the son of Ben Bernanke, the chairman of the Federal Reserve, will make it through medical school debt-free. Testifying before Congress in 2012, Chairman Bernanke said his son — who Bloomberg reported attends Weill Cornell Medical College — will graduate from medical school with not only a white coat but also $400,000 in loans.

Original Author: Akane Otani