Dermatologist Pays Off Student Loans In One Year

I am a board certified dermatologist. I finished my residency training in the summer of 2022.

And you had, at least financially speaking, an extremely successful first year out of residency. So I congratulate you on that. You've accomplished two notable milestones during that year. You paid off your student loans and you built a substantial net worth.

The great thing about staying in state and going to a state school was that it kept my debt load extremely low for medical school. The University of North Dakota, relatively speaking, is affordable for medical training. So my training per year was right around $30,000 on average.

Very cool. So your total amount of debt when you came out of medical school was what?

Total debt between things from undergrad and med school totaled to $70,000.

70,000 is like a miracle these days.