Are There Better Options Than Physical Therapy Residency? FPF Show Episode 54

By dpope2020

October 14, 2022

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Are There Better Options Than Physical Therapy Residency? FPF Show Episode 54

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In today's episode we go over Are There Better Options Than Physical Therapy Residency? 

  • 0:00 Introduction
  • 0.07 Why do new grads and students feel they need to do a physical therapy residency?
  • 0:43 The outrageous costs of physical therapy school (average PT student debt 2020)
  • 1:58 Episode summary
  • 4:41 How student loan interest creates hidden costs for physical therapy residency
  • 6:13 How much interest will you end up paying per month with $100,000 worth of student debt (6-8% federal interest rate)
  • 9:05 Time value of money - How much money do you lose in potential investment by doing a physical therapy residency
  • 11:18 Why students need to start saving for retirement immediately upon graduation
  • 14:43 Is the level of commitment in a physical therapy residency unreasonable for you?
  • 16:09 Are you able to find a local residency or move for a residency?
  • 17:25 Are there better physical therapy residency options?
  • 17:51 Are there better physical therapy residency options for your desired patient population?
  • 18:59 Are there better physical therapy residency options for your desired curriculum?
  • 20:44 Are there better physical therapy residency options for your lifestyle?
  • 21:54 Are there better physical therapy residency options for your financial situation?
  • 22:57 Are there better physical therapy residency options my desired level of mentoring?

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Thank you!

Dan Pope DPT, OCS, CSCS

References:

  1. https://sites.udel.edu/ptclinic/professionals/residency/residencyfaq/

  2. https://www.mghihp.edu/overview/clinical-residency-orthopaedic-physical-therapy

  3. https://www.ameriprise.com/financial-news-research/financial-calculators/investment-return-calculator

  4. impact-of-student-debt-report.pdf from the APTA