Scallion-Busy OP t1_j9zaw5t wrote on February 25, 2023 at 5:50 PM

Reply to comment by InteriorAttack in Savings vs student loans by Scallion-Busy

Yeah I invest in the mutual fund bi-weekly so not trying to time the bottom. But with last years volatility within the market on those really bad wash outs I did throw significantly more $ into stocks I’ve been patiently waiting an entry for.

Agreed I could probably do both, but would probably want to do 60-40 of 70-30 to get ahead of this thing.

And totally agreed. I was dumb and went into PT to help people. It’s rewarding but the financial stress is not worth it for me personally. I’ve worked an “easy gig”. A “low volume” clinic… however now we are slammed and I’m seeing 15-18 patients a shift. It’s exhausting. Mentally and physically.

I’ve realized I need to increase my income. We are moving for my gfs job. She’s a physician and doing her fellowship. I am going to use next year to look for a higher income position as this may mean I need to leave orthopedics (my “passion”… what I studied my ass off for 3 years to learn) for home health care or a nursing home/ snf. I will also be looking for a travel position as we will only be in CT for a year.

But yes the debt to income ratio or rate or return for physical therapists is atrocious. I just did not understand this when I was younger.

Thanks for the response

alwayslookingout t1_j9zxyu0 wrote on February 25, 2023 at 8:24 PM

I personally think DPT is a rip off, if not outfight a scam. Calling it a “doctorate” so they can charge PTs more for schooling is abhorrent. But that’s besides the point.

My wife also had about $125K of loans at ~6% APR for her grad school. When loans got put on deferment she went in super hard and paid all of it off. You have plenty in savings IMO- I’d go all in on those loans again.

Scallion-Busy OP t1_j9zyvsz wrote on February 25, 2023 at 8:30 PM

I 100% agree with you. It was turned to a doctorate so we can do “direct access” so you can see a PT without being referred by a MD … buts it’s only for 10 visits of 30 days whatever comes first. Plus that’s only after 3 years of experience. I’ve talked many aides out of pursing PT. It financially just can’t be justified. Reimbursements keep getting cut so we have to see more people.