Archive for chiropractor

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.

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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”

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Chiropractor Works 2 Jobs To Chip Away At $165,000 In School Debt

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

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.