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Yeah, the thing is realistically med school tuition can still rise quite a bit to the point where attending income minus eventual debt payments still makes a damn good lifestyle compared to your typical job for an educated individual (especially considering the sellers market mess that professorships have become for PhDs.) I just wonder what's the threshold at which those without financial support (and I fully disclose that I had some when I describe my own situation...though a decent chunk of it was due to unforeseen circumstances) decide to look at other options due to the barriers to entry.
Absolutely, I'd be lying if the job/financial security wasn't a factor for me entering medicine, and I think any intelligent individual would probably say the same. I'd probably be willing to take on 300-400k in debt if I know I'd be employed and making 200k+ doing something I enjoyed for the rest of my life.
The bolded is where I think the real question and problem lie. As long as the gov is willing to dish out loans that will cover the cost tuition + living, there will be people out there financially naive enough to pursue any career. There are people that are willing to take out 50k+/year in loans to go to undergrad schools and then pursue careers in arts or other fields that probably won't pay more than 40k/year or where they end up working in retail or some other low-paying, miserable industry. So as long as the loans are there and the interest rates don't skyrocket, I think tuition could skyrocket and med schools wouldn't be hurting for applicants.