Yeah I don’t think they are the only ones dealing with this. All the schools don’t have enough students in seats and that’s a disturbing thing even as a current student. It just kinda makes you think dang what is really going to happen going forward at the schools and in the profession overall as time goes on.
The answer is, and has been, to just ignore the noise and secure the best residency training you can. Create options to find the best pay and job quality you reasonably can, and pay down the loans fast (assuming interest rates stay high, which they will). That is really all you can do.
You can't stop the pod schools from accepting anyone and charging a lot or expanding or opening new schools, can't fix the severe shortage of
good DPM residencies, can't fix the job market and low ROI and much competition for podiatry. You just have to play the game to the best of your ability.
The supply/demand of podiatrists doesn't really apply... because tuition goes up up up regardless of if number of grad DPMs goes up or slightly down. That means ROI gets worse and worse. DPM pay going up maybe 20% or 25% in the last couple decades (basically just inflation overall) means little when podiatry debt burden more than doubled. DPM (any doctor) practicing career is 30-35+ years on average. Even if all but a few of the 11 pod schools shut down today, podiatry remains oversaturated for decades... DPMs would remain low paid and low demand by groups/facilities (relative to MDs), and getting offered less by insurance payers for same CPTs that derm or ortho or etc get significantly more for.
...You have to just prep yourself well (get good grades, do good clerkships, secure one of the relatively few good residencies for podiatry), and then network and work hard on finding a good job, getting ABFAS cert, and/or eventually becoming owner. That said, there is a very good chance you will be making $200k-250k or so and doing roughly 2 or 3 surgery cases per week on avg - even if you worked pretty hard. Strive for more, but that's above well above DPM average... and that's likely roughly where you end up as a DPM (still not an ideal ROI with $300k-400k+ debt). Assuming you succeed in the good training and job search part, a big part afterwards is also psychology and budgeting to make that work and simply enjoy what you have in terms of career/job/practice. It can be done.
Essentially, keep a positive mindset. Don't "lose" (by MD standards or someone else's) even if you "win" by statistical podiatry standards and get a $225k VA job, $200k associate DPM job with fair hours, work hard and take call to make $300k as hospital FTE, grind awhile to make $300k+ net as owner solo PP, $500k+ as PP owner with associate docs, etc. Try to just enjoy the process regardless. Find enjoyment in hobbies, family, fitness. Being rich or respected is pointless if you're fat and bald and grumpy. Also, I say it all of the time, but
having a financially competent partner helps A LOT as a podiatrist. We simply
don't have the cushy hours of CRNAs or the bigtime income of MD surgeons or the low student debt of RNs. You can do well, though.