Student Loans For Chiropractic College? See What The Future Looks Like First
Greg Stanley, the president of Whitehall Management, a leading chiropractic management consulting company, recently published an essay in Dynamic Chiropractic called “The Sustainability of Chiropractic”.
No big surprise, folks… the outlook for Chiropractic as a career choice looks HORRIBLE.
I believe the current flow of DCs into the marketplace is unsustainable. In time, we’ll see the price of an adjustment fall to levels that won’t support free-standing offices. In my consulting practice, we get calls each day from doctors practicing in the living room of their mother’s mobile home, wanting to know if we have a consulting program that can save them. Currently, the student loan default rate in chiropractic is twice as high as all other health care disciplines combined.
Am I saying chiropractic is in danger of being eliminated from the health care scene? No, but it’s in the slow and steady process of being changed from its current status as a highly profitable, free-standing, entrepreneurial career to that of a second job for most of the profession.
Please read this ENTIRE article before you even THINK about signing up for chiropractic student loans!!
Remember, this was written by someone IN THE CHIROPRACTIC PROFESSION, and published in one of the profession’s most read magazines.