For my family and I, that has been our blended debt obligations upon completing our particular residencies in June 2013. We actually had slightly less debt, but our Income Based Repayments during residency were not even enough to keep up with the 6.8% interest rate, so our debt continued to grow during residency when we graduated from medical school in 2010. Given that the United states healthcare Association states that the average 2013 medical graduate has accumulated $169,901 in debt That figure is gloomier compared to AAMC reports-ed, numerous brand brand new graduates will discover by themselves in a similar situation. Actually, $242K for 2 physicians is great, showing the reality that smart economic decisions aren’t brand brand new of these two-ed. After carrying out a fast calculation and realizing that our $242,000 loan at 6.8% would develop by about $17,000 yearly, we chose to make erasing financial obligation our top priority….