Over Half of Graduating Family Medicine Residents Report More Than $150,000 in Educational Debt

• Career Choice
• Education
• Family Practice
• Health Policy
• Workforce

High educational debt has been shown to deter students from choosing primary care careers,¹ but the levels of debt carried by those who do is less well known. We used data from the American Board of Family Medicine certification examination questionnaire from all applying third-year family medicine residents. One question asked, “What was your level of educational debt (undergraduate & graduate) at the end of medical school?” We used descriptive statistics to categorize the responses.

All residents applying for the 2014 certification examinations completed the questionnaire (n = 3038). While 18% reported having no educational debt, over half (58%) reported >$150%,000%, and 26% reported >$250,000, in total educational debt.

Researchers from the American Association of Medical Colleges found that graduating with ≥$200,000 in debt required extended loan repayment and/or the selection of service-related loan forgiveness programs; graduating with ≥$$250,000 in debt required an even longer loan repayment requirement (25 years) and service in a shortage area, and reduced the ability to live in a desirable neighborhood.² Published student reactions to the American Association of Medical Colleges' findings affirmed suspicions that high debt levels help to explain why students are less likely to choose family medicine and raise concerns for those who still do.³ Students from disadvantaged backgrounds may be dissuaded from this choice at even lower debt levels.^1,4 Policymakers hoping to increase output in primary care specialties such as family medicine should be aware of this growing debt burden and consider strategies such as loan repayment, small-business loans, practice transformation support, and payment reform targeting the physician payment gap. Figure 1

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Figure 1.

Reported total educational debt among third-year family medicine residents (n = 3038) in 2014.

• Received for publication August 4, 2015.
• Revision received December 22, 2015.
• Accepted for publication January 3, 2016.