Medical school debt

Graham Walker: “Maybe we make it a choice. You can choose to pay full price, or pay no price, with either a guarantee that you make less money for life or have required service time for the country.”

If you have good credit, and balls of steel, many a medical student have engaged in credit card arbitrage (i.e. shifting loans between 0% promo-rate credit cards) for 0% interest on their student loans.

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  • Michael Rack, MD

    Credit card arbitrage became much harder to do over the last 12 months. The days of easy credit are over.

  • Anonymous

    I did this once several years ago. I took out $30,000 on a credit card at zero % interest for 15 months and no fee and played the stock market.

    Did pretty good. I paid the minimum payment and one giant lump sum at the end.

    Would I do it again? Probably not, but balls of steel it was

  • Anonymous

    Most of those teaser 0%APR cards have 3% fees for cash advances and balance transfers. It pays to read the fine print.

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