If you still have student loans from acupuncture school, what is your monthly payment?

10/12/17

Wade Phillips

 

Analysis

All Responses

Mean

$415.99

Median

$300.00

Mode

$0.00

Min

$0.00

Max

$3120.00

Total Responses

1225

Total Answers

525

Non Numerical Answer/ Discarded

148

No answer

552

 

16 respondents indicated that their loan payments are deferred at the time the survey was conducted.

96 respondents answered N/A, no, or a statement that was taken to mean that they had no monthly loan payment to make.

2 respondents answered that they had declared bankruptcy and where in the middle of a 1 year grace period on making their student loan payments.

 

82 respondents indicated that they utilized Income Based Repayment. 31 of these respondents indicated that their payment is $0 per month because of their income.  The Job Task Analysis did not ask about IBR.

Mean

 $118.08

Median

 $30.00

Mode

 $0.00

Min

 $0.00

Max

 $700.00

Responses Indicating IBR

82

Discarded or non numeric response

17

Valid Responses

65

Breakdown by professional organization membership

 

POCA Member

 

Mean

 $311.40

Median

 $255.00

Mode

 $0.00  

Min

 $0.00  

Max

 $1,500.00

Total Answers

157

 

Member of State Acupuncture Organization

Mean

 $460.77

Median

 $350.00

Mode

 $300.00

Min

 $0.00  

Max

 $3,120.00

Total Answers

229

 

 

AAAOM

Mean

 $476.84

Median

 $300.00

Mode

 $0.00  

Min

 $0.00  

Max

 $2,000.00

Total Answers

66

 

POCA & AAAOM

Mean

 $224.86

Median

 $184.00

Mode

 $50.00

Min

 $0.00  

Max

 $1,175.00

Total Answers

14

 

 

NGAOM

Mean

 $484.13

Median

 $450.00

Mode

 $450.00

Min

 $50.00

Max

 $1,300.00

Total Answers

15

 

 

Breakdown By Clinic Type

 

POCA and Non-POCA Community Acupuncture

Mean

 $320.33

Median

 $246.00

Mode

 $0.00  

Min

 $0.00  

Max

 $2,000.00

Total Answers

211

 

 

Private Room

Mean

 $486.11

Median

 $350.00

Mode

 $0.00  

Min

 $0.00  

Max

 $3,120.00

Total Answers

292

 

Methods

 

Various explanations on “Currently unable to pay” were changed to $0.

Many answers just stated “IBR” or “Income Based Repayment” or “Income Contingent” or “IC” these were discarded.

Where an answer stated “$xx on IBR but would be $yyy” we took $xx as the current amount being paid (e.g. $25 on IBR but would be $675 otherwise = 25).

Variations on “paid off” were changed to no.

 

Answers with k or K (e.g., 20k or 30K) at the end were assumed to mean thousand and converted to the integer equivalent (e.g., 20000 or 30000).

Answers were assumed to be in dollars unless otherwise stated.

Answers that denoted amounts in a foreign currency (e.g., CAD, EUR, GBP) were converted to US dollars on 10/3/17 using a currency converter at xe.com.

Answer that provided a range (e.g., 20,000 – 30,000) were converted to a single integer by taking the average of the top and bottom values for the provided range (e.g., (20000 + 30000)/2 = 25000).

Answers that stated, “Less than” an amount (e.g., Less than $5000) were converted to a single integer by taking an average of the provided number and 0 (e.g., (5000 + 0)/2 =2500).

Answers that stated a value “+” (e.g., 80,000+) were converted to a single integer by dropping the plus (e.g., 80,000)

Answers that stated “approximately” a value (e.g., approximately 20,000) we converted to a single integer by taking the value as an exact figure (e.g., 20,000). 

Answers that stated N/A were assumed to mean that there is no outstanding loan debit to be paid and no monthly loan payment to be made.