Med School Gets Cheaper for Some
A growing number of medical schools are offering free or reduced-cost degrees. The Cleveland Clinic Lerner College of Medicine is waiving tuition for all its future students. The University of Central Florida will pay all tuition and living expenses for the entering class of its new medical school. Harvard is cutting as much as $12,500 from the annual bills of medical students whose families earn less than $120,000. And the Mayo Clinic is granting all newly admitted students at least $25,000 in scholarships toward the school's $29,000 tuition.
The schools are trying to counteract the growing financial pressures that cause many med students to pursue high-paying specialties rather than, say, becoming a pediatrician in a low-income community. Public medical school graduates average about $120,000 in debt. Private school graduates typically owe about $160,000.
Tags: medical school | tuition
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Reader Comments
Improve education costs
I agree with improving education costs, but somehow people who are not in medicine think that they can judge our work ethic is ridiculous. I remember a politician who really didn't think medicine was all that until she worked 1 full day with a bunch of us. Then she shut her mouth. Our job is way harder than some entitlement peons out there can imagine.
Fix malpractice. Eliminate NON-economic damages. Better yet, you can't sue unless you are a long-term dependent. Greedy little granddaughters can't file claims on a dead 80 year old woman because of the emotional loss. She's just trying to get out of working for the rest of her life. Scams run by lawyers and American culture fuels it.
You want to cap physician earnings. Fine maybe at 500K. I disagree with those doctors out there who run mills and maybe spend like 2 minutes with each patient. That's just poor form. I don't want that. But don't take away from the hardworkers who spend nearly 14 hours per day in clinics/hospitals. They earned it just like business owners. The legislation in this area will be tricky.
Eliminate medical school loans upon graduation. You need loans to force people to finish the training, but then take it all away after Match Day.
Remember American public, doctors cost maybe around 10% of the medical costs in this country. Pretty low in my opinion compared to some companies. It's how politics, lawyers, insurance companies, and many others work as middlemen that ruins healthcare. When they charge you 300, they are giving us 25. Did you ever try to figure out where the rest of that goes? It's certainly not just the light bulbs. Get some education and then point fingers.
And why would somebody NOT want doctors to set the licensure standard? I guess some of these people have qualified training to judge how long a doctor should be trained for.
medicine
Malpractice rates of tens if not hundreds of thousands of dollars per year makes medical school tuition look like loose change. The litiginous society we live in makes practice of defensive medicine rampant and drives up costs enormously and many practice medicine in a way not to get sued.
Significantly lower malpractice premiums could pay most doctors tuition bills off in a couple of years.
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