<prompt> Human: in CanadaIm about to graduate this year and will start making money in my residency training. The huge debt load is because I have supported my family using my medical school loans, as it was a necessity. My next step is residency - Ill be making about 50,000year with very low taxes due to tuition credits. My salary increases by 5000year until I am done residency minimum 2 years, max 5 years of training.Then I start working as a physician. This is what the average physician makes in Canada per province and per specialty: Lets assume Ill be a family physician and Im not picky about the province I live in, that works out to 250-300,000 BEFORE taxes, overheard and licensing fees. I will have about 275,000 on bank loan at 2.45 interest and 40,000 of student loans 5 interest. The bank loan I need to pay my monthly interest payment while in residency, but no payments are required on the principle until at least one year after Im in practice - this is about 600month. The student loan is about 400month for interest and principle on a 10 year period. I do have the possibility of placing the student loan on my parents LOC and paying only the interest instead of the actual payments - they cant afford to help more than this unfortunately. This would be about 3 interest.My question - I am freaking out at my debt. I am living as frugally as possible these days and trying to be smart about money, but the amount of debt I have is making me lose sleep and panic. How will I survive residency with this debt load? And how long will it take to pay this off when I start work?I think I just need to have some form of plan but as I am financially illiterate from a poor family who never taught me the skills I needed to know how to handle money I dont even know where to start!Any help?  <response>: US here- my friends graduated from pharmacy school with similar debt. The university gives them resources presentation type stuff right before they graduate that helps with debt managementknowledge. Maybe your university has the same type of thing available to you? 