Almost half of medical students are finishing their studies with a student loan of more than $90,000, according to a new study which shows the average medical student debt has increased by $20,000 in the last decade.
The report, written by Antonia Verstappen and Phillippa Poole and published in today’s New Zealand Medical Journal, showed 46 per cent of medical students graduating from the University of Auckland in 2014 and 2015 reported a student loan of more than $90,000, whereas in 2006 and 2007 only 12.5 per cent of medical graduates reported a debt of this magnitude.
The reasons for that may include yearly increases in student fees pf 4 per cent – the maximum allowable, increased living costs in Auckland, reduced opportunities f…
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