If you still have student loans from acupuncture school, what is your outstanding balance?

10/12/17

Wade Phillips

 

Analysis

All Responses with Extreme Outlier

Mean  $113,186.36
Median  $100,000.00
Mode  $100,000.00
Min  $0.00
Max  $1,350,000.00
Total Responses 1226
Relevant Responses 589
Discarded Responses 95
No Response 541

 

All Responses minus Extreme Outliers (> $1,000,000)

Mean  $109,227.88
Median  $100,000.00
Mode  $100,000.00
Min  $0.00
Max  $500,000.00
Total Responses 1226
Relevant Responses 587
Discarded Responses 97
No Response 541

 

 

 

 

Breakdown by professional organization membership

 

POCA Member

Mean  $110,841.54
Median  $100,000.00
Mode  $100,000.00
Min  $160.00
Max  $400,000.00
Total Responses 1226
Relevant Responses 181

 

 

 

Member of State Acupuncture Organization

Mean  $113,377.65
Median  $96,000.00
Mode  $100,000.00
Min  $0.00
Max  $1,350,000.00
Total Responses 1226
Relevant Responses 247

 

 

NGAOM

Mean  $111,206.00
Median  $100,000.00
Mode N/A
Min  $90.00
Max  $250,000.00
Total Responses 1226
Relevant Responses 15

 

 

 

 

POCA and AAOM

Mean  $102,500.00
Median  $93,500.00
Mode  $50,000.00
Min  $8,000.00
Max  $250,000.00
Total Responses 1226
Relevant Responses 14

 

AAAOM

Mean  $124,539.56
Median  $109,500.00
Mode  $50,000.00
Min  $0.00
Max  $1,200,000.00
Total Responses 1226
Relevant Responses 68

 

 

Breakdown by Clinic Type

 

POCA and Non-POCA Community Acupuncture

Mean  $110,833.09
Median  $100,000.00
Mode  $100,000.00
Min  $90.00
Max  $450,000.00
Total Responses 1226
Relevant Responses 240

 

 

 

 

 

 

Private Room

Mean  $111,538.78
Median  $100,000.00
Mode  $100,000.00
Min  $0.00
Max  $1,200,000.00
Total Responses 1226
Relevant Responses 323

 

 

Methods

 

Two respondents indicated that their outstanding loan debit was greater than $1,000,000; one $1,350,000, the other $1,200,000.  These values were so far above the rest of the responses that we elected to drop them and recalculate. Both sets of statistics are provided above.

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.

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.

 

Comments of Interest

It started at $86,000, it's now $94,000. I will never be able to pay this off, or own a home, a new car, or start a family.

 

From acu school 400k because i also did DAOM

 

Similar to a small house

 

i was able to pt[sic] off my loans but only because I moved back in with my parents and did not have to pay rent, which allowed me to make large payments toward my debt

 

100,000.00+ (have not looked recently lol)

 

scary.