What do almost all medical school graduates have in common? This isn’t a clever riddle. The answer is enormous debt.
In 2015, the average medical school debt balance for graduating physicians was $183,000. Added to the average undergraduate balance of $24,000, the total average student loan balance for a doctor was a staggering $207,000—and that number is no doubt even higher today.
Whether you’re just out of school or not, locum tenens can provide a great opportunity for physicians and advanced practice providers to pay down student loans and other debt. How does locum tenens work set you up for financial success? Three big ways.