The Color of Mind Discourse as an Educational Debt

2021 ◽  
Vol 71 (2) ◽  
pp. 267-287
Author(s):  
Spencer J. Smith
Keyword(s):  
Educational Debt

Emergency medicine board certification, moonlighting and educational debt

1998 ◽  
Vol 5 (1) ◽  
pp. 163
Author(s):  
A. Kazzi ◽  
S. Munden ◽  
N. Handly ◽  
M. Langdorf
Keyword(s):  
Emergency Medicine ◽  
Board Certification ◽  
Educational Debt

Personal Financial Considerations for Physicians

2021 ◽  
pp. 239-258
Author(s):  
Gia Merlo
Keyword(s):  
Financial Literacy ◽  
Primary Care Physicians ◽  
Time Value Of Money ◽  
Residency Programs ◽  
Perceived Need ◽  
Time Value ◽  
Educational Debt ◽  
Course Of Action ◽  
Financial Plan ◽  
Value Of Money

It is often difficult for medical students to understand the extent of the educational debt that they may incur. They often struggle with managing their finances during training and after they begin to practice medicine. Students make their choice of specialty without fully considering how their decision may affect their lifestyle and their ability to pay off their loans. This has led to a serious shortage in primary-care physicians. In addition, because physicians undergo an extensive training period, they are often late in planning for and funding for their retirement. Understanding the time-value of money and being able to make informed decisions regarding repaying loans versus meeting other financial obligations are important factors to addressing this problem. Financial literacy is not being taught in medical schools and residency programs, although there is a perceived need. Developing a financial plan that involves both paying off debt and saving for retirement is usually the best course of action.

scholarly journals Financial Attitudes and Behaviors of Internal Medicine and Internal Medicine–Pediatrics Residents

2018 ◽  
Vol 10 (6) ◽  
pp. 639-645 ◽  
Author(s):  
Rachel Wong ◽  
Patricia Ng ◽  
John Bonino ◽  
Alda Maria Gonzaga ◽  
Alexandra E. Mieczkowski
Keyword(s):  
Internal Medicine ◽  
Financial Planning ◽  
Financial Management ◽  
Financial Education ◽  
Personal Finance ◽  
Financial Knowledge ◽  
Financial Industry ◽  
Financial Attitudes ◽  
Attitudes And Practices ◽  
Educational Debt

ABSTRACT Background Residents graduate from medical school with increasing levels of debt and also may possess poor financial knowledge and practices. Prior studies have assessed resident financial knowledge and interest in financial education, yet additional information regarding their attitudes about personal finance and financial planning could be essential for the development of relevant curricula. Objective We assessed baseline financial attitudes and planning behaviors of internal medicine and internal medicine–pediatrics residents in 3 geographically diverse academic programs. Methods A modified version of the Financial Industry Regulatory Authority National Financial Capability survey was administered anonymously to residents in 3 programs in spring 2017. Outcomes included levels of educational debt, positive financial planning behaviors, perception of finances and debt, and education about personal finance. Results Response rate was 62% (184 of 298). Rates of educational debt were high, with 81% (149 of 184) of respondents reporting educational debt, and the majority owing more than $100,000. Residents' financial practices were variable, and residents could be grouped into 1 of 3 categories—concerned-engaged, concerned-unengaged, and unconcerned-unengaged—based on their engagement with debt and financial management. Residents with high debt (> $250,000) had a bimodal distribution of respondents who strongly agreed and those who strongly disagreed they were concerned about debt. Conclusions Resident financial attitudes and practices are variable, ranging from highly engaged residents actively managing their financial wellness to unengaged residents who have low concern, despite high educational debt.

The Legal Profession and the Market for Lawyers

2017 ◽  
Author(s):  
Albert Yoon
Keyword(s):  
Labour Market ◽  
Law And Economics ◽  
Legal Profession ◽  
Law Firm ◽  
Law Schools ◽  
Global Recession ◽  
Educational Debt ◽  
Recent Developments ◽  
And Performance ◽  
Market Perspective

This chapter looks at the legal profession from the perspective of law and economics. It examines the legal profession from a labour market perspective. Firstly, it looks at law schools, which serve as an initial gatekeeper for the legal profession. Within law schools, it reviews the literature on admissions, bar passage, and educational debt. Secondly, it considers the labour market for lawyers, looking at the small competitive market of judicial clerkships; the practice of law, predominantly from a large law firm perspective; and the smaller competitive markets for judgeships and legal academia. Thirdly it looks at attorney quality and performance, reviewing the literature that examines attorney quality within and across areas of law, and perceptions where disparity may be the greatest. It concludes with a discussion of the future of law in the aftermath of the 2008 global recession and recent developments in technology.

Should the public pay for higher education? Equality, liberty, and educational debt

2017 ◽  
Vol 15 (1) ◽  
pp. 38-52
Author(s):  
Christopher Martin
Keyword(s):  
Higher Education ◽  
Good Life ◽  
Public Funding ◽  
Fair Play ◽  
Education Funding ◽  
Higher Education Funding ◽  
The Public ◽  
Educational Debt ◽  
Play Analysis ◽  
Education Equality

As governments shift costs from the public to students, a higher education has become synonymous with educational debt. Liberal egalitarians have justified educational debt on the grounds that it facilitates socioeconomic equality. On this view, the public should only fund access for those students who are so poorly off that educational debt would be too risky. In this article, I offer a ‘fair play’ analysis of higher education funding in order to show that socioeconomic equality is a necessary, but insufficient, criterion for assessing the fair contribution of public funding to higher education. In particular, I argue that higher education is instrumental to the free pursuit of a good life. I then argue that educational debt is unjust when it constrains borrower’s freedom to pursue a good life relative to those who do not have to borrow. In such cases, public funding should cover the attendance of students who would otherwise have no choice but to borrow in order to access a higher education.

Educational debt: a survey of the nation's general surgery residents

2014 ◽  
Vol 219 (4) ◽  
pp. e156
Author(s):  
Erin M. Garvey ◽  
Richard J. Gray ◽  
Nabil Wasif
Keyword(s):  
General Surgery ◽  
Educational Debt
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