How Much Does it Cost to Go to Med School? Answer: a $hit ton

Figure 1: The way Doge sees it.

tl;dr
You'll owe $409,239.01 after residency.  Paid off in ten years, you will have paid $565,144.12.

Let's assume that you have $50,000 in loans from undergrad, $12,500 for each year, at 6.8% interest. Because let's face it, your middle class family couldn't afford to pay for your college, but you were still too wealthy to get subsidized government loans.  We will also assume that you will defer to pay off any loans until you finish a four year residency.  Let's also assume that med school will cost $200,000 total at 6.8% interest, and again, you will defer to pay until after residency.

Table 1:  Loan amount at end of medical school.*  

(How student loans will own your ass.)

Undergrad:		Initial Loan @ 6.8%	Loan Amount by Residency	Accrued Interest	Months Deffered
	Semester 1	$6,250.00	$14,101.60	$7,851.60	144
	Semester 2	$6,250.00	$13,786.30	$7,536.30	140
	Semester 3	$6,250.00	$13,176.96	$6,926.96	132
	Semester 4	$6,250.00	$12,882.47	$6,632.47	128
	Semester 5	$6,250.00	$12,313.08	$6,063.08	120
	Semester 6	$6,250.00	$12,037.89	$5,787.89	116
	Semester 7	$6,250.00	$11,505.83	$5,255.83	108
	Semester 8	$6,250.00	$11,248.69	$4,998.69	104
	Undergrad Totals	Original Principal	Loan Amount by Residency	Accrued Interest
		$50,000.00	$101,052.82	$51,052.82
Med School:		Initial Loan @ 6.8%	Loan Amount by Residency	Accrued Interest	Months Deffered
	Semester 1	$25,000.00	$43,006.03	$18,006.03	96
	Semester 2	$25,000.00	$42,044.88	$17,044.88	92
	Semester 3	$25,000.00	$40,186.54	$15,186.54	84
	Semester 4	$25,000.00	$39,288.41	$14,288.41	80
	Semester 5	$25,000.00	$37,551.91	$12,551.91	72
	Semester 6	$25,000.00	$36,712.65	$11,712.65	68
	Semester 7	$25,000.00	$35,090.00	$10,090.00	60
	Semester 8	$25,000.00	$34,305.77	$9,305.77	56
	Med School Totals	Original Principal	Loan Amount by Residency	Accrued Interest
		$200,000.00	$308,186.19	$108,186.19
Total Debt at start of Residency:	$409,239.01

Okay, so that is a shit ton.  Let's see how much it will cost me in the end if I repay it in 10 years.

Table 2: **What you will have paid 10 
years after residency

Loan Balance:	$409,239.01
Loan Interest Rate:	6.8%
Loan Term:	10 years
Monthly Loan Payment:	$4,709.54
Number of Payments:	120
Cumulative Payments:	$565,144.12
Total Interest Paid:	$155,905.11

First off, none of these assumptions include the cost of living expenses. They only include the cost of the actual schooling.  Also, we aren't taking into account increasing tuition each year (which you just know will happen).  Another thing, the interest rate is unlikely to be 6.8% for all of your loans.  This is just an exercise to get an idea of the cost of becoming a doctor.  It will probably be quite a bit different from here, give or take $50,000-$100,000 or something.

*Loan amounts calculated here.
**Total paid calculated here.