Table 2.
Current personal debt and expected practice finances
| Variable | N (%) |
|---|---|
| Current non-student loan debt | |
| None | 19 (33.3) |
| <$5,000 | 11 (19.3) |
| $ 5,000–$10,000 | 6 (10.5) |
| $10,000–$15,000 | 2 (3.5) |
| $15,000–$20,000 | 1 (1.8) |
| Estimated student loan after graduation | |
| None | 3 (5.3) |
| <$50,000 | 1 (1.8) |
| $ 50,000–$100,000 | 2 (3.5) |
| $100,000–$125,000 | 9 (15.8) |
| $125,000–$150,000 | 11 (19.3) |
| $150,000–$175,000 | 15 (26.3) |
| >$175,000 | 16 (28.1) |
| Plans to open practice in 1 year | |
| Yes | 13 (22.8) |
| No | 44 (77.2) |
| Plans to fund practice start-up | |
| personal savings | 1 (9.1) |
| borrow from lender | 8 (72.7) |
| borrow from parent/family/friend | 1 (9.1) |
| other | 1 (9.1) |
| Time to reach financial success | |
| < 3 years | 6 (10.5) |
| 3– 5 years | 22 (38.6) |
| 5– 8 years | 20 (35.1) |
| 8–12 years | 7 (12.3) |
| 12–15 years | 5 (1.8) |
| >15 years | 0 (0) |