But, remember, monthly payments would be dramatically lower all along the way. When it comes to whether or not a physical therapist salary is worth the student loans, there are three factors that need to be considered:. The best way to increase the chances that your salary will be worth the debt is to decrease the cost of your physical therapy education. As with most degrees, the cost of DPT programs depends largely on where you go to school.
Where physical therapists work is another major factor that can influence whether a PT career makes sense financially. A physical therapist starting salary in the best-paying states could be higher than what veterans with 10 years of experience make in lower-paying areas. These are the top five paying states for physical therapist jobs, according to the most recent BLS data, along with their annual mean wages:.
But New York is also the state with the second-highest cost of living and has one of the highest state income tax rates. Having merely an average physical therapist salary coupled with above-average expenses is a bad combination if you want to pay off student loans quickly. Where you choose to work as a physical therapist also affects your ability to own your own rehab clinic.
For these reasons, the physical therapists that achieve the most financial success are likely to be ones with a high level of mobility. The actual job you choose inside physical therapy can make a big difference in the return you receive from your student loans. There are currently 10 specialties that are certified by the American Board of Physical Therapy Specialties.
These are:. Becoming board-certified in a specialization could increase your workforce desirability and amount that employers or patients are willing to pay for your services. Travel therapists usually get their relocation costs covered, and their licensing fees and housing paid for as well. And to top it off, traveling therapists usually receive much better pay! That may seem like a lot less money than a physical therapist makes. Surveys have consistently found that most physical therapists still love their jobs despite the difficult financial situation many found themselves in.
And the future growth expectations for the employment of physical therapists are encouraging. That said, those who choose a physical therapy occupation need a plan to pay off their student loans. Book a student loan consultation today. Take our 11 question quiz to get a personalized recommendation of whether you should pursue PSLF, IDR forgiveness, or refinancing including the one lender we think could give you the best rate.
Clint Proctor is a freelance writer and founder of WalletWiseGuy. When he's away from his keyboard, he enjoys drinking coffee, traveling, obsessing over the Green Bay Packers and spending time with his wife and two boys.
While technically becoming a PTA only requires an associates, that does not include the prerequisites. Many PTA schools are also becoming so competitive that many applicants have a Bachelors degree in order to be competitive. That means a PT is going to earn more and have a positive ROI for their degree compared to a PTA as long as you make that adjustment in the way you look at it. Privacy Policy - Terms and Conditions - Disclaimer. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program.
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Read more about our editorial ethics policy. Physical Therapist PT 's years of experience requirement may be unspecified. Copyright Salary. Employers: Job Description Management Tool. Take just three simple steps below to generate your own personalized salary report. View the Cost of Living in Major Cities. Toggle navigation Demo. Experience CompAnalyst: Demo. Click or scroll to view upper level job. Change City. Based on HR-reported data: a national average with a geographic differential.
View as graph View as table. You may get higher pay by adjusting the following factors: Location Years of Exp. Education Direct Reports Performance Other. Change Search Criteria. Apply Now. For Employers. Adjust Employee Salary. Price My Industry Jobs. A physical therapist helping a little girl to walk with a wheeled walking frame in hospital. The field of physical therapy has increased in popularity over the years. The future of the occupation looks bright as well. Depending on where you live, your income as a physical therapy will vary in accordance.
Geographically, the states are an interesting mix. The Northeast is represented by only New Jersey and Massachusetts. A physical therapist assistant works under the direction and supervision of a physical therapist. They implement certain aspects of patient treatment, obtain data related to treatments and modify treatment as directed by the supervising physical therapist. Physical therapy assistants may perform the following duties:.
While a physical therapist assistant maintains their own license, they must practice under the direction and supervision of a physical therapist DPT. The physical therapy assistant reports to their supervising DPT and helps implement patient treatment plans but does not diagnose or create plans on their own; they also have fewer responsibilities than a physical therapist. To become a physical therapist assistant, you need to obtain an associate degree from a two-year program that is accredited by the Commission on Accreditation in Physical Therapy Education CAPTE and successfully complete a national licensing exam.
Physical therapy aides report to the supervising physical therapist as well as any collaborating physical therapy assistants. Of these physical therapy careers, physical therapy aides have the least amount of responsibility. Physical therapy aides typically perform tasks that are indirectly related to patient care, such as:.
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