Physical Therapy & Indentured Servitude: How to Escape

1 month ago
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In 2024, Doctors of Physical Therapy make less money than we did 30 years ago with half the education, adjusted only per inflation.

The current financial outlook for Doctors of Physical Therapy is abysmal, at best. Unless you enjoy crippling debt & working for free. If you like indentured servitude, just become a DPT.

In 1990, with a Bachelor’s degree, PT’s made 55K a year average. If PT’s still practiced with a Bachelor’s, if school was still 20K, and if all we did was increase salaries yearly based on annual inflation, the base minimum PT salary today should be 130K.

In 2023, the average total cost for an out of state 4-year bachelor’s plus a 3-year DPT degree was over 300K. Most students receive a 30-year repayment period. Paying the minimum payment over 30 years with the current 10% average interest rate means you pay over 600K in interest alone during that period, and almost a million dollars out of pocket. Per the US government, you should make at least your total debt amount per year for your loans Not be a burden. The average PT salary in 2023 was 95K. That is 65K less per year than our own government tells us we need to make to be able to pay off 3 years of grad school, not even accounting for the cost of undergrad.

After 7 years of learning to help others and achieving the highest possible level of education, one would think financial stability would be a sure thing. Nope! the ONLY sure thing following school is you will start and end your career earning far less than a manager at a gas station, and will be financially crippled for life.

The APTA constantly tells us we are autonomous medical practitioners, that we have “direct access”, and that the profession is advancing. All blatant lies.

Only 20 states have autonomy, 1 on 1 care is disappearing in most outpatient settings, 80% of the US is overweight and sickly, and we make less money than we did in 1990, adjusted only for inflation.

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