Archive for the Chiropractic College Debt Category

Student Loan Scam: the fast road to Debt Slavery

Posted in Chiropractic College Debt, Economy, Higher Education, Sallie Mae, Student Debt, Student Loan Default, Student Loans with tags , , , , , , on September 5, 2010 by debtprisoner

Advertisements

Chiropractors Defaulted on Student Loans “In Droves”

Posted in Chiropractic College Debt, Economy, Higher Education, Student Debt, Student Loan Default, Student Loans with tags , , , , , , , , , , , , , , on August 23, 2010 by debtprisoner

The  chiropractic industry counted a win after it successfully lobbied for  inclusion in a federal student loan program for those studying  health-related professions. Decades later, though, significant numbers  of chiropractors have defaulted on their loans, leaving Uncle Sam to  make up the difference.

Fifty-three percent of  healthcare providers barred from receiving Medicare and Medicaid  reimbursements from patients because they defaulted on Health Education  Assistance Loans (HEAL) are chiropractors, according to an analysis of  the Department of Health and Human Services’ exclusion list.

The data shows people well into middle age–even in their 60s–saddled with debt, sometimes as much as $500,000, from the four years of graduate chiropractic school.

Link (via Sunshine Foundation Reporting Group)

We’ve said it before and we’ll say it again: Don’t become a chiropractor unless you like STUDENT LOAN DEBT you can’t repay — and lots and lots of it. You have been warned.

Too Many Chiropractors, Not Enough Demand — Chiropractic Student Loans

Posted in Chiropractic College Debt, Student Debt, Student Loans with tags on March 16, 2009 by debtprisoner

Thinking of becoming a chiropractor?

Then you should definitely read this (CLICK HERE FOR POST) about the unfortunate realities of supply and demand.

From 1995 to 2008 (estimated), there are 36,000 new chiropractors, yet only 7% of the population ever sees a chiropractor — and that number hasn’t changed in 20 years.

”The number of
chiropractors in the U.S. grew from 13,000 in 1970 to 40,000 in 1990.
That should have been a large enough jump to invite talk of restricted
chiropractic college enrollment. However, the jump of more than 50,000
by 1994 should have set off alarm bells.”

The chiropractic colleges keep pumping out more and more graduates with huge student loan debt, yet the demand for chiropractic is NOT increasing. At the same time, insurance companies are paying for less and less chiropractic care.

Continue reading

Student Loans For Chiropractic College? See What The Future Looks Like First

Posted in Chiropractic College Debt, Higher Education, Media Appearances, Student Debt, Student Loans with tags , , on March 16, 2009 by debtprisoner

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.

CLICK HERE TO READ “THE SUSTAINABILITY OF CHIROPRACTIC”

Continue reading

How Much Does Chiropractic College REALLY Cost?

Posted in Chiropractic College Debt, Student Debt, Student Loans with tags , on March 16, 2009 by debtprisoner

Question: How much does it REALLY cost to become a chiropractor?

The answer might surprise you… click HERE for the real story.

Question: And how much can you REALLY earn as a chiropractor?

The numbers are truly depressing. Click HERE if you really want to know the truth.

So if you’re thinking about TAKING OUT STUDENT LOANS to go to chiropractic college, better think TWICE!

Bad Debt Pays Off In Student Loan Industry

Posted in Chiropractic College Debt, Student Debt, Student Loans with tags on March 16, 2009 by debtprisoner

Little-known practice called ‘dumping’ costing taxpayers an estimated $400 million

(click HERE to read full story)

Washington- Alyscia Taylor, a 5-foot-2 Georgia fireball, graduated from chiropractic college outside of Atlanta with an education in treating spines and student loans totaling $53,880.

Continue reading

Chiropractor: Most Overrated Career

Posted in Chiropractic College Debt, Media Appearances, Student Debt, Student Loans with tags , on March 16, 2009 by debtprisoner

“Chiropractor” has been voted Most Overrated Career by U.S. News & World Report magazine for 2007:

(Click HERE to read the magazine story)

Some chiropractors think their discipline can cure everything from headaches to sciatica, asthma to premenstrual syndrome. But the Federal Trade Commission only allows chiropractors to claim they can treat low back pain. And even so, research shows that mainstream treatments for lower back pain are equally effective. Many chiropractors also devote considerable time to marketing–in part to pay back the cost of chiropractic school, usually over $100,000.