Challenges and Perspectives to the Fall in Psychiatry Fellowship Applications

According to the U.S. Department of Labor [1], there has never been a better time to be a physician. According to the Association of American Medical Colleges, 75% of students completing medical school in 2017 had an average debt of $190,694 (median $192,000). Add 1 year for fellowship training, and the average interest cost rises to approximately $132,000; the monthly payment is $2600, and the total loan repayment amount is about $312,000. [...]each year a resident extends training, there is a significant increase in loan burden.