Because of high tuition, medical resident debt has increased at a faster rate than inflation or compensation, according to the Medscape Residents Salary & Debt Report 2014. Medical school debt has gone up by 6.3 percent annually since 1992, while the Consumer Price Index rose 2.5 percent during the same time period.
Medscape surveyed more than 1,200 residents from June 20 through July 7. All participants were enrolled in U.S. medical resident programs. Here’s a breakdown of the amount of debt the survey respondents reported.
1. More than $200,000 — 36 percent of residents surveyed had this much debt.
2. $100,000 to $200,000 — 22 percent
3. $50,000 to $100,000 — 6 percent
4. Less than $50,000 — 7 percent
5. No debt — 25 percent
More articles on medical residents:
Residents in the Northwest earn the most: Average salaries for 9 U.S. regions
Resident salaries for 24 specialties: Low pay dampens appeal of family, internal medicine
15 things to know about the physician shortage
