So, a loan of 50k even at 3% interest is about 600 per month over 6 years.
I doubt he got 3 percent.
He's paying 250?
I doubt the term is lowers the payment to 250.
Can doctors not do math?
Do doctors not make enough to pay more than 250 a month?
Sounds like someone making minimum payments wondering why the balance keeps going up.
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It's not a usual loan. Read my explanation below
That is the most bizarre thing I've ever seen. Also these salaries seem VERY low for a doctor. I made more driving trucks by a like 3x.
Welcome to the UK. He will be a junior doctor and paid a pittance compared to his abilities. Oh, and the fact we import our health workers
Yet people here (in the US) will point to European healthcare as a shining city on a hill.
Brutal.
I've been to the USA, on many occasions. I have used your system, obviously I had to pay but it was smoother than here. Here people are brainwashed into believing the NHS (our health service) is amazing. It isn't. I go abroad if I need something