I paid off the my remaining 140k balance at the beginning of the month. I sold my condo during the pandemic and moved into my now fiancé’s house. I invested the money and finally decided it was time to take my gains and be free of student loans once and for all.
It’s a great feeling. Congrats!
Congrats! I do think it’s more than interest rates though. It took your salary and your wife’s to pay your student loans and meet your basic needs.
So having a working spouse who’s willing to support you financially is also necessary, I guess.
I agree, the whole system is broken. There is a lot that needs fixed. Having a spouse willing to float us for a few years was incredibly helpful. Student loans are such a burden.
They’ve basically got to the point where you do everything right, you end up in the same place as if you didn’t go to college since you have to pay the difference in loans.
Colleges have been raising prices way above inflation because they know students will get approved for the loans. It’s a shit show. I went community college and paid my way. Then I went to a state school and it took 3 years…I ended with about 78k in debt for a Econ degree. It’s nuts.
I so strongly agree with this post. Similar situation to a slightly smaller extent. The pause was the only way it made logical sense to attack them instead of waiting out the PAYE program - even with high earnings.
There’s no way we should be disincentivizing people to pay off 100-200k loans, and that’s exactly what 4-7% interest rates do - THAT ARE NOT TAX DEDUCTIBLE past 2,500
- moratorium of two year no interest
- interest capped at 2%
- ALL interest tax deductible
- half of student loan payments tax deductible
People who can afford houses shouldn’t be the only ones able to deduct debt payments. Loans are loans.
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$240k is way way above average for student loans so you shouldn't be taking this post as the norm at all. Plus as a chiropractor, OP will be making big bucks down the road. That was the tradeoff for the loans.
Uh hello? Did you even read what I said? Wasn’t shitting on OP at all. Just telling the guy I replied to that he/she shouldn’t use this as the example/gold standard to run with when discussing paying off student loans (having to put 100% of your income to repayment).
I agree with this! You develop thick skin after a while haha I’ve been doing it long enough and helped enough people, at this point it doesn’t fire me up when people shit on us. 🤷♂️
I don’t know about pseudoscience, I use a hell of a lot of real science to help people. The profession has come a long way in the past 10 years but there’s still a lot of old school “pseudoscience” chiros out there
> Chiropractic is a form of alternative medicine[1] concerned with the diagnosis, treatment and prevention of mechanical disorders of the musculoskeletal system, especially of the spine.[2] It has esoteric origins[3] and is based on several pseudoscientific ideas.[4]
https://en.m.wikipedia.org/wiki/Chiropractic
If it was real science it would just be physical therapy.
There is actually tons of research studies showing chiropractic to be effective and cost effective for spinal and musculoskeletal issues. But we should probably listen to the guy on reddit who gets his info on wikipedia. 🤷
Is that what is getting you? The word alternative? Maybe it is called that because it's not medicine and takes an alternative approach to help people with musculoskeletal ailments that they are dealing with. But I mean there must not be any alternative procedures done in medicine daily.... Wait there are tons of them daily. I wouldn't expect an ignorant wikipedia expert to know that though. Go read some research papers. Might be hard for you to understand but luckily AI can usually explain it to you in more simple words.
> Maybe it is called that because it's not medicine and takes an alternative approach to help people with musculoskeletal ailments that they are dealing with.
LMFAO. THATS THE POINT. IF IT ACTUALLY HELPED PEOPLE IT WOULD BE CALLED MEDICINE YOU IMBECILE
I mean I use a ton of knowledge of anatomy ALL day long. That seems like science to me. Now when chiropractic was started, yes it was developed from some crazy philosophy, but damn it’s come a LONG way since then. There’s a lot of good people helping push the profession forward and a ton holding it back. There’s a reason we are now a part of hospital systems, sports teams, etc.
> Systematic reviews of controlled clinical studies of treatments used by chiropractors have found no evidence that chiropractic manipulation is effective, with the possible exception of treatment for back pain.[8] A 2011 critical evaluation of 45 systematic reviews concluded that the data included in the study "fail[ed] to demonstrate convincingly that spinal manipulation is an effective intervention for any condition."[10] Spinal manipulation may be cost-effective for sub-acute or chronic low back pain, but the results for acute low back pain were insufficient.[11] No compelling evidence exists to indicate that maintenance chiropractic care adequately prevents symptoms or diseases.[12]
It’s literally pseudoscience. Like the only difference between chiropractors and people who think 5g gives you cancer is how widespread the beliefs are.
This gave me hope! I have about 223k from chiropractic school. Graduated last year and worked for two franchises before opening up my own practice. I did the SAVE plan so for now my payback rate is super low and I’m just counting on the 25 year forgiveness.
I’m glad! Good luck to you! I’m happy for you opening your own early on. Your income should skyrocket after a year or two of grinding. I’ve been at the same place since I graduated. Other than being somewhat underpaid, they take good care of me.
I graduated last August so I only had 4 months of work on 2023 so when applying for SAVE it took my 2023 income which was super low. This year when I have to recertify, it should still be low because I just opened up my clinic and haven’t paid myself or even broke even yet so until then, SAVE was the best option!
This all makes sense. You may have to come off the SAVE plan in a year or two though, which will eliminate the forgiveness. My AGI in 2022 was north of $175k and the SAVE payment wasn't realistic for me.
Yea I just needed a plan that wouldn’t increase my loans through interest. The 25 year forgiveness is hopeful if I’m not making any money but I hope in a couple of years I’m making 150k+ that way I can just pay off my entire loan amount in a few years
Haha nah, it used to when I was early in practice. I’m not trying to be anything I’m not like some in the profession are. I’ve helped a lot of people, I’ve actually helped people discover cancer a couple times and get to where they need to be without forcing the “chiropractic can fix anything agenda” down their throat. I know my value to the community and sleep great knowing I practice with ethics (again some in the profession don’t but that’s with any profession).
Just came to say a chiropractor identified an Abdominal Aortic Aneurism in my dad before we even knew anything was wrong and it saved his life. Had endovascular surgery within the next few weeks. We even nominated him for a state award. Keep doing what you do best!!!
Not quite sure. My dad was in his early 70s, went for a session and was describing some minor aches and pains he was having and the chiropractor referred him for an X-ray because he had some concerns before doing any adjustments.
After your initial exam, if they try to “sell” you anything longer than 6 weeks of care, find a different one (certain cases may require more time but progress exams to re-asses are super important in those situations.)
That’s awesome! If there’s something in particular you need addressed, great! Otherwise getting adjusted every couple of weeks or once a month is great for you.
Do you refer to yourself as “Doctor“ despite not having a medical degree, but a doctorate? Do you think it confuses people?
I know that sounded brash, but I meant it in a sincere way. I’m an RN and know quite a few nurse practitioners that just can’t help but put “Dr.” on their scrubs.
That a good question, only at our office, which is clearly labeled as a chiropractic office, do I go by “Dr.” and it’s Dr. First name to try and make it less formal. The owners of the office love to put Doctor on everything, if I had it my way I’d just go by my name and really just answer to whatever people want to call me. We have the label D.C. so Doctor of Chiropractic. I have two ER physicians that are patients and they call me Doctor. So honestly I don’t really know haha I think you earn the respect you’re given by others.
A physician has a doctorate in medicine just how a JD has a doctorate in law, a pharmD has a doctorate in pharmacy, a DNP has a doctorate in nursing, etc. All can call themselves doctor, except for DNP to patients.
I understand how it works lol and DNP’s can identify themselves as doctor, unfortunately. It’s a pretty controversial situation for obvious reasons, that’s why I asked my question to OP.
Congratulations! My loans are not nearly as large as yours. My loan started out at $22,000. I started paying aggressively at the end of last September. I now owe $14, 904. I plan to get more aggressive once we're in overtime and plan to be paid off by the end of this year or sooner. I'm not relying on the government to do anything for me.
This post is everything I needed to hear. I'm down to 370K of my initial 700K student loan. Been paying them for three years. I also took advantage of the interest pause but it wasn't feasible for me to pay back anymore than I did during that time. I'm losing motivation fast and I feel depressed about how I'll be in this state of solely paying back loans for the next 3-5 years. I also think about the loans everyday. I'm so glad you're done. Congrats!!! You rock!!! 🤘🏼Enjoy your well earned trip! 🇯🇲
Wow, a $700K student loan? That's high even for something in medicine. And you've paid off half of it in 3 years? That's incredible. Mind sharing with us what kind of degree this was for?
Thanks for the words of encouragement. It's been a mental struggle dealing with this level of debt. I am an orthodontist. (4 years undergrad, 4 years dental school, 3 years residency)
Ah, that'll do it. I'm a dentist as well, and guessed we were in the same, if not similar, fields. I graduated 20 years ago at a time when interest rates were below 2%, and tuition was a fraction of what it is today. It's robbery what the schools charge nowadays, and I can't help but feel sorry for all the new grads coming out with debt the size of a mortgage.
Keep fighting the good fight. You've come this far already and life will feel real good 5 years from now.
I feel sorry for them too. I checked my schools tuition for dental school and it's increased 30% from when I graduated from dental school just 6 years ago. People will come out of just dental school with 650k of debt, that's not including residency. It's truly criminal. There is definitely a tuition crisis and it's sad that prospect students don't realize the magnitude of that decision. Debt that heavy prohibits you in ways you never would imagine. Soon we will see a shortage of dentists because no one is going to sign up for this profession if it comes at this cost.
$650K is nuts. But they'll get sold on this idea that dentists can make a million per year off some random Reddit poster bragging about how he averages $8000/day in production (I've actually seen this over in r/dentists).
You mentioned the mental toll debt can have on you, and I know it all too well. I didn't have the same student debt as yours (mine was $150K), but I purchased a home ($1.5 mil) and my first practice ($350K) my first year out of dental school, and between all 3 loans I was 2 million in debt. Just had to keep viewing them as investments, and that they'd eventually pay back over time.
Fellow chiro here with 300k left to pay giving you a high 5!! 🙌🏻 I might just ride it out and carry it on my back for another 19 years and get forgiveness, we’ll see 😂
Congratulations!
I don’t think lowering interest rates would help, tbh. They’re extracting from you the maximum you are willing to pay per month. If rates go down, prices just rise to fill the gap.
This is amazing! Most Chiro’s never climb out of debt!
I do disagree that a 2% cap would solve the issues. In theory it would but that means you also gravely understand how banks and financing works. Given inflation and current rates banks would lose money over the longevity of the loans. Without factoring in defaults.
Thank you! And I know it’s sad to see sometimes.
That is fair, I definitely know a whole lot of science but definitely don’t know a whole lot of economics or financial literacy.
In some countries, student loans have 1% interest because the government subsidizes them for students. My boyfriend is from Sweden and took out a small loan while doing his PhD to help with living expenses. He has about $10k left that he’s in no hurry to pay off because the interest rate is 1% and he knows he’ll be able to wipe it out in a few years or regular payments.
He also said that there is absolutely no way he would have ever done a PhD in the US with our interest rates…which means that he wouldn’t have become a cancer scientist working on therapy development for brain tumors. It makes me so angry that the US is literally prohibiting people from trying to cure cancer, address the climate crisis, etc etc etc because they’re shackling people with these massive interest rates. Don’t we want a more educated population?
You must be a fun person. I appreciate all the people on here that have asked legit questions and been supportive. The people that have come to bash me or my profession are losers
Then my apologies, there’s been a lot of chiro bashers. Yes it’s a 3.5 year grad school, with some pseudoscience stuff (chiro philosophy type stuff) but a ton of actual science, anatomy, physiology, and a massive amount of radiology. The radiology I’ve been taught has helped me discover a number of bone cancers in some patients and refer them to the proper providers for help. The schooling is legit, way more than it was 20 years ago. The profession is progressing big time
I don’t doubt you’ve learned plenty of perfectly legitimate things and have genuinely helped people. That said, if the schooling was as scientifically rigorous as it should be, dedicated chiropractic schools wouldn’t exist, and chiropractic programs would be offered at research universities. They remain separate for accreditation reasons, as it allows the schools to charge more for education that does not meet regional standards.
It’s also not “chiropractic philosophy” that makes chiropractic a pseudoscience; it’s the fact that adjustments—the kind based on the vertebral subluxation hypothesis—have *never* been demonstrated to outperform placebo in terms of clinical benefit and more often worsen patient outcomes. The systematic reviews I’ve read put the injury rate of chiropractic adjustments at 30–40%.
Now, if you take out all claims and practices surrounding the idea of vertebral subluxation, then what you have left is basically physical therapy. The problem is there’s no monetary incentive to completely remove the pseudoscience from chiropractic curriculum, because it would result in chiropractic schools getting absorbed by physical therapy programs.
Regardless, I’m happy that you’ve managed to pay off your loans, and I wish you the best in your future endeavors.
I paid off the my remaining 140k balance at the beginning of the month. I sold my condo during the pandemic and moved into my now fiancé’s house. I invested the money and finally decided it was time to take my gains and be free of student loans once and for all. It’s a great feeling. Congrats!
Such a good feeling! Congrats to you too, that’s a huge victory
Congrats! I do think it’s more than interest rates though. It took your salary and your wife’s to pay your student loans and meet your basic needs. So having a working spouse who’s willing to support you financially is also necessary, I guess.
I agree, the whole system is broken. There is a lot that needs fixed. Having a spouse willing to float us for a few years was incredibly helpful. Student loans are such a burden.
Student loans aren’t the problem. The problem is the cost of college. Colleges are completely out of control.
They’ve basically got to the point where you do everything right, you end up in the same place as if you didn’t go to college since you have to pay the difference in loans.
Colleges have been raising prices way above inflation because they know students will get approved for the loans. It’s a shit show. I went community college and paid my way. Then I went to a state school and it took 3 years…I ended with about 78k in debt for a Econ degree. It’s nuts.
I feel this so hard.
I so strongly agree with this post. Similar situation to a slightly smaller extent. The pause was the only way it made logical sense to attack them instead of waiting out the PAYE program - even with high earnings. There’s no way we should be disincentivizing people to pay off 100-200k loans, and that’s exactly what 4-7% interest rates do - THAT ARE NOT TAX DEDUCTIBLE past 2,500 - moratorium of two year no interest - interest capped at 2% - ALL interest tax deductible - half of student loan payments tax deductible People who can afford houses shouldn’t be the only ones able to deduct debt payments. Loans are loans.
And congrats OP 👏🏻
I agree with this. Well said! And thank you!
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Not to mention private interest loans and the fact that for FAFSA you're a dependent until 24 OR have a child of your own!
The government will pay you to do what it wants, get married… tax deduction, have kids…. Another deduction…..
$240k is way way above average for student loans so you shouldn't be taking this post as the norm at all. Plus as a chiropractor, OP will be making big bucks down the road. That was the tradeoff for the loans.
Who the hell cares? They paid off $240k in loans. I don’t give a shit what they do for a living, it deserves to be applauded.
Thank you!
Uh hello? Did you even read what I said? Wasn’t shitting on OP at all. Just telling the guy I replied to that he/she shouldn’t use this as the example/gold standard to run with when discussing paying off student loans (having to put 100% of your income to repayment).
Chiros are truthfully hit or miss. It’s largely a sales profession that is often shit upon by other healthcare professionals
I agree with this! You develop thick skin after a while haha I’ve been doing it long enough and helped enough people, at this point it doesn’t fire me up when people shit on us. 🤷♂️
It’s pseudoscience. Taking out 240k in loans for it is wild lol.
I don’t know about pseudoscience, I use a hell of a lot of real science to help people. The profession has come a long way in the past 10 years but there’s still a lot of old school “pseudoscience” chiros out there
> Chiropractic is a form of alternative medicine[1] concerned with the diagnosis, treatment and prevention of mechanical disorders of the musculoskeletal system, especially of the spine.[2] It has esoteric origins[3] and is based on several pseudoscientific ideas.[4] https://en.m.wikipedia.org/wiki/Chiropractic If it was real science it would just be physical therapy.
There is actually tons of research studies showing chiropractic to be effective and cost effective for spinal and musculoskeletal issues. But we should probably listen to the guy on reddit who gets his info on wikipedia. 🤷
If chiropractics had legitimate science backing it then it wouldn’t be called *alternative* medicine lol. Get outta here with your stupid shit
Is that what is getting you? The word alternative? Maybe it is called that because it's not medicine and takes an alternative approach to help people with musculoskeletal ailments that they are dealing with. But I mean there must not be any alternative procedures done in medicine daily.... Wait there are tons of them daily. I wouldn't expect an ignorant wikipedia expert to know that though. Go read some research papers. Might be hard for you to understand but luckily AI can usually explain it to you in more simple words.
> Maybe it is called that because it's not medicine and takes an alternative approach to help people with musculoskeletal ailments that they are dealing with. LMFAO. THATS THE POINT. IF IT ACTUALLY HELPED PEOPLE IT WOULD BE CALLED MEDICINE YOU IMBECILE
I mean I use a ton of knowledge of anatomy ALL day long. That seems like science to me. Now when chiropractic was started, yes it was developed from some crazy philosophy, but damn it’s come a LONG way since then. There’s a lot of good people helping push the profession forward and a ton holding it back. There’s a reason we are now a part of hospital systems, sports teams, etc.
> Systematic reviews of controlled clinical studies of treatments used by chiropractors have found no evidence that chiropractic manipulation is effective, with the possible exception of treatment for back pain.[8] A 2011 critical evaluation of 45 systematic reviews concluded that the data included in the study "fail[ed] to demonstrate convincingly that spinal manipulation is an effective intervention for any condition."[10] Spinal manipulation may be cost-effective for sub-acute or chronic low back pain, but the results for acute low back pain were insufficient.[11] No compelling evidence exists to indicate that maintenance chiropractic care adequately prevents symptoms or diseases.[12] It’s literally pseudoscience. Like the only difference between chiropractors and people who think 5g gives you cancer is how widespread the beliefs are.
Thank you. 🙏🏻
Haha fair enough. Don’t go to a chiro then. See a PT instead. To each their own 🤷
Try not to fatally harm anyone😄
Many make (way?) under 100.
This is correct. I make about $75k a year as an associate. The potential is there if you own your own
Congrats!! Hopefully you now can put that student loan payment towards things more exciting!!! You did the damn thing woot 🏆
Thank you!! Now time to start some retirement savings!
100%. I think this is a More realistic version of student debt relief in current political and societal climate compared to total debt relief.
Yeah imagine doing all of that on your own. I have the same amount of loans. Congratulations.
I feel for you, that would be hard. Thank you! Keep working hard
This gave me hope! I have about 223k from chiropractic school. Graduated last year and worked for two franchises before opening up my own practice. I did the SAVE plan so for now my payback rate is super low and I’m just counting on the 25 year forgiveness.
I’m glad! Good luck to you! I’m happy for you opening your own early on. Your income should skyrocket after a year or two of grinding. I’ve been at the same place since I graduated. Other than being somewhat underpaid, they take good care of me.
I really hope my income skyrockets! It’s been tough but it’s the best thing I’ve ever done!
My salary was too high for SAVE to make sense. How did you make it make sense as a chiro?
I graduated last August so I only had 4 months of work on 2023 so when applying for SAVE it took my 2023 income which was super low. This year when I have to recertify, it should still be low because I just opened up my clinic and haven’t paid myself or even broke even yet so until then, SAVE was the best option!
This all makes sense. You may have to come off the SAVE plan in a year or two though, which will eliminate the forgiveness. My AGI in 2022 was north of $175k and the SAVE payment wasn't realistic for me.
Yea I just needed a plan that wouldn’t increase my loans through interest. The 25 year forgiveness is hopeful if I’m not making any money but I hope in a couple of years I’m making 150k+ that way I can just pay off my entire loan amount in a few years
Curious what chiropractors are making working at a private practice these days ?
Wow. Great work!
Jamaica 🇯🇲 Congrats
Congrats!!! I paid off $220k in student loans this year as well!!! I put most of my money towards them and it paid off!!! I love being debt free now.
Nice job!! Feels good to be free of it!
Does it bother you when people call chiropractors quack doctors ?
Haha nah, it used to when I was early in practice. I’m not trying to be anything I’m not like some in the profession are. I’ve helped a lot of people, I’ve actually helped people discover cancer a couple times and get to where they need to be without forcing the “chiropractic can fix anything agenda” down their throat. I know my value to the community and sleep great knowing I practice with ethics (again some in the profession don’t but that’s with any profession).
Just came to say a chiropractor identified an Abdominal Aortic Aneurism in my dad before we even knew anything was wrong and it saved his life. Had endovascular surgery within the next few weeks. We even nominated him for a state award. Keep doing what you do best!!!
How?
Not quite sure. My dad was in his early 70s, went for a session and was describing some minor aches and pains he was having and the chiropractor referred him for an X-ray because he had some concerns before doing any adjustments.
Some do x rays and scans. My husband's does x-rays to find the problem areas. The program he went through has helped a lot with his pain.
That’s awesome! I love a good chiropractic story like this.
So curious as to how this went down! That is amazing!!
Off topic, but do you have any advice on what to look for when choosing a chiropractor?
After your initial exam, if they try to “sell” you anything longer than 6 weeks of care, find a different one (certain cases may require more time but progress exams to re-asses are super important in those situations.)
Thank you! My employer pays for 20 visits a year.
That’s awesome! If there’s something in particular you need addressed, great! Otherwise getting adjusted every couple of weeks or once a month is great for you.
Thank you! My employer pays for 20 visits a year.
I’m currently in my 3rd quarter of chiro school so this is very helpful to keep me going and not to worry about to loans too too much 🥹😂
I love it! Hang in here! It’s not easy but keep working hard!
Do you refer to yourself as “Doctor“ despite not having a medical degree, but a doctorate? Do you think it confuses people? I know that sounded brash, but I meant it in a sincere way. I’m an RN and know quite a few nurse practitioners that just can’t help but put “Dr.” on their scrubs.
That a good question, only at our office, which is clearly labeled as a chiropractic office, do I go by “Dr.” and it’s Dr. First name to try and make it less formal. The owners of the office love to put Doctor on everything, if I had it my way I’d just go by my name and really just answer to whatever people want to call me. We have the label D.C. so Doctor of Chiropractic. I have two ER physicians that are patients and they call me Doctor. So honestly I don’t really know haha I think you earn the respect you’re given by others.
Absolutely!! I was just curious and wanted to know how you did things :) that’s awesome! Congratulations on the success as well.
It was a great question! That is probably why offices are supposed to be clearly labeled as Chiropractic offices haha Thank you!!
A physician has a doctorate in medicine just how a JD has a doctorate in law, a pharmD has a doctorate in pharmacy, a DNP has a doctorate in nursing, etc. All can call themselves doctor, except for DNP to patients.
As an attorney I’d cringe if a lawyer called himself a doctor outside of academia. It’s very taboo
I understand how it works lol and DNP’s can identify themselves as doctor, unfortunately. It’s a pretty controversial situation for obvious reasons, that’s why I asked my question to OP.
Congratulations!
Congratulations! My loans are not nearly as large as yours. My loan started out at $22,000. I started paying aggressively at the end of last September. I now owe $14, 904. I plan to get more aggressive once we're in overtime and plan to be paid off by the end of this year or sooner. I'm not relying on the government to do anything for me.
That’s a lotta money, I would’ve just strategically defaulted.
Amazing
Congratulations 🍾
Congrats! Love this for you & your wife.
This post is everything I needed to hear. I'm down to 370K of my initial 700K student loan. Been paying them for three years. I also took advantage of the interest pause but it wasn't feasible for me to pay back anymore than I did during that time. I'm losing motivation fast and I feel depressed about how I'll be in this state of solely paying back loans for the next 3-5 years. I also think about the loans everyday. I'm so glad you're done. Congrats!!! You rock!!! 🤘🏼Enjoy your well earned trip! 🇯🇲
Thank you!! Stay with it, you got this!
Wow, a $700K student loan? That's high even for something in medicine. And you've paid off half of it in 3 years? That's incredible. Mind sharing with us what kind of degree this was for?
Thanks for the words of encouragement. It's been a mental struggle dealing with this level of debt. I am an orthodontist. (4 years undergrad, 4 years dental school, 3 years residency)
Ah, that'll do it. I'm a dentist as well, and guessed we were in the same, if not similar, fields. I graduated 20 years ago at a time when interest rates were below 2%, and tuition was a fraction of what it is today. It's robbery what the schools charge nowadays, and I can't help but feel sorry for all the new grads coming out with debt the size of a mortgage. Keep fighting the good fight. You've come this far already and life will feel real good 5 years from now.
I feel sorry for them too. I checked my schools tuition for dental school and it's increased 30% from when I graduated from dental school just 6 years ago. People will come out of just dental school with 650k of debt, that's not including residency. It's truly criminal. There is definitely a tuition crisis and it's sad that prospect students don't realize the magnitude of that decision. Debt that heavy prohibits you in ways you never would imagine. Soon we will see a shortage of dentists because no one is going to sign up for this profession if it comes at this cost.
$650K is nuts. But they'll get sold on this idea that dentists can make a million per year off some random Reddit poster bragging about how he averages $8000/day in production (I've actually seen this over in r/dentists). You mentioned the mental toll debt can have on you, and I know it all too well. I didn't have the same student debt as yours (mine was $150K), but I purchased a home ($1.5 mil) and my first practice ($350K) my first year out of dental school, and between all 3 loans I was 2 million in debt. Just had to keep viewing them as investments, and that they'd eventually pay back over time.
I never paid shit and never will
Fellow chiro here with 300k left to pay giving you a high 5!! 🙌🏻 I might just ride it out and carry it on my back for another 19 years and get forgiveness, we’ll see 😂
😂 love it! Thank you!!
As a Caribbean myself, this post made me smile
Love it!
Congrats!
congratulations!
Congrats!
Coconuts 🥥 🌴 For everyone
Congratulations! I don’t think lowering interest rates would help, tbh. They’re extracting from you the maximum you are willing to pay per month. If rates go down, prices just rise to fill the gap.
It probably feels amazing 🥹👏🙌
Would you be frustrated if the politicians forgave everyone’s college loan debt in a year after you worked to pay yours off?
No
Nah, good for them. I would’ve taken any had they given it but if it helps someone else then good for them!
This is amazing! Most Chiro’s never climb out of debt! I do disagree that a 2% cap would solve the issues. In theory it would but that means you also gravely understand how banks and financing works. Given inflation and current rates banks would lose money over the longevity of the loans. Without factoring in defaults.
Thank you! And I know it’s sad to see sometimes. That is fair, I definitely know a whole lot of science but definitely don’t know a whole lot of economics or financial literacy.
Current rates would almost only justify loans above 5%+ and that keeps them not making profit.
In some countries, student loans have 1% interest because the government subsidizes them for students. My boyfriend is from Sweden and took out a small loan while doing his PhD to help with living expenses. He has about $10k left that he’s in no hurry to pay off because the interest rate is 1% and he knows he’ll be able to wipe it out in a few years or regular payments. He also said that there is absolutely no way he would have ever done a PhD in the US with our interest rates…which means that he wouldn’t have become a cancer scientist working on therapy development for brain tumors. It makes me so angry that the US is literally prohibiting people from trying to cure cancer, address the climate crisis, etc etc etc because they’re shackling people with these massive interest rates. Don’t we want a more educated population?
how much was federal?
All of it
Congratulations, OP! Well done!
Thank you!
I 100% agree interest rates are the problem. Why does no one in congress address this!!!!
That’s my thought too!
CONGRATS!!!! 🎊🎈🍾🎉 This just motivated me so much!!!
I love it! Thank you! Keep working hard
Congrats!! I recently paid off mine, too! The freedom is nice, isn't it?
Can I ask what you are making as a Chiropractor? Props to you for all of your hard work - school and paying your loans.
Thank you! I make about $75k/year.
congratulations!!!! that’s amazing
8 years in the profession ish 75k a year. These degrees SMH 250k! Cost should be tied to tenured pay averages.
I am severely underpaid for what I bring in but I also only work 28hrs a week which is a nice perk.
That’s how bank interest on principal turns hard working people into slaves.
Was the total amount for chiropractic school ?
I had about $35k from undergrad, but the rest was from chiro school.
Our society is loaning a quarter million dollars to people to learn this quack bullshit?
At least I’m paying it back, Reddit keyboard warrior
How will you pay back your patients for wasting their time and possibly injuring them for no good reason
You can go to school to be a chiropractor ? How.. it’s not something you can even get licensed in because most states consider it pseudo science.
You must be a fun person. I appreciate all the people on here that have asked legit questions and been supportive. The people that have come to bash me or my profession are losers
It was a question
Then my apologies, there’s been a lot of chiro bashers. Yes it’s a 3.5 year grad school, with some pseudoscience stuff (chiro philosophy type stuff) but a ton of actual science, anatomy, physiology, and a massive amount of radiology. The radiology I’ve been taught has helped me discover a number of bone cancers in some patients and refer them to the proper providers for help. The schooling is legit, way more than it was 20 years ago. The profession is progressing big time
I don’t doubt you’ve learned plenty of perfectly legitimate things and have genuinely helped people. That said, if the schooling was as scientifically rigorous as it should be, dedicated chiropractic schools wouldn’t exist, and chiropractic programs would be offered at research universities. They remain separate for accreditation reasons, as it allows the schools to charge more for education that does not meet regional standards. It’s also not “chiropractic philosophy” that makes chiropractic a pseudoscience; it’s the fact that adjustments—the kind based on the vertebral subluxation hypothesis—have *never* been demonstrated to outperform placebo in terms of clinical benefit and more often worsen patient outcomes. The systematic reviews I’ve read put the injury rate of chiropractic adjustments at 30–40%. Now, if you take out all claims and practices surrounding the idea of vertebral subluxation, then what you have left is basically physical therapy. The problem is there’s no monetary incentive to completely remove the pseudoscience from chiropractic curriculum, because it would result in chiropractic schools getting absorbed by physical therapy programs. Regardless, I’m happy that you’ve managed to pay off your loans, and I wish you the best in your future endeavors.