Archive for chiropractic student loans
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.
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.
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!
Little-known practice called ‘dumping’ costing taxpayers an estimated $400 million
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.
“Chiropractor” has been voted Most Overrated Career by U.S. News & World Report magazine for 2007:
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.
Here’s another recent newspaper feature showing what it’s really like after you graduate from chiropractic college (with mountains of student loan debt):
Chiropractor works 2 jobs to chip away at $165,000 in school debt – from USA Today
The story is quite familiar for those taken in by the chiropractic promise of being a “successful doctor”:
Yet despite her two jobs, she’s still struggling to pay her living expenses and the minimum monthly payments on her student loan and credit card debts.
She’s amassed nearly $165,000 in student loan debt from attending graduate school at Southern California University of Health Sciences in Whittier. She graduated in April 2005 with a degree in chiropractic health.
While at the university, she borrowed for tuition, books and living expenses. (The $165,000 she borrowed is just principal, not interest.) She also has about $9,000 in credit card debt and a $4,000 car loan.
There’s even a video. You’ll note that this woman is well-spoken, intelligent, and hard-working yet she still can’t pay back her loans. The chiropractic colleges make wild claims about how much money you can make after graduation and often claim that chiropractors who can’t pay back their loans are “losers”. As this story shows, that is not the reality.
Meanwhile, check out this page called Student Debt Alert, which informs us that “nearly two-thirds of all four-year college graduates now have student loans” and “the number of students who graduate with over $25,000 in loan debt has tripled since the early 1990s”:http://www.studentdebtalert.org/
Thanks to everyone who has supported the blog by sending me articles and your own personal “war stories”. Thanks for linking to this site and for telling everyone the truth about student loans.