What does it cost to go to medical school? At a home state's medical school your likely to pay as much as $150,000. At a private school the price is double. But when you graduate and finish your residency you will be enjoying a 6 figure salary or more.
Before applying for admission and college funding, check the fine print to see what the school requires as service for the free education. Military scholarships, for example, require students to put 2 years of service for every year of scholarship.
The University of Central Florida is offering completely free medical educations to all 40 members of the class of 2013.
Vanderbilt is giving a few complete scholarships for a few top-notch students here.
Washington University is giving complete scholarships for a few students here.
The military, if your officer material, will pay your tuition and living expenses through 4 years of medical school. No matter if your in the Army, Navy, or Air Force. You will have to serve one year for every year of school.
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The National Health Care Service will pay tuition and living expenses for those training to become primary-care physicians. Recipients will be assigned to needy areas and must work at least one year for every year of a scholarship. They'll also need to be good and lucky: The NHS gets seven times more applications than it has scholarships.
The National Institutes of Health will pay tuition and a living stipend for those interested in spending the eight years in school necessary to receive an M.D. and a research Ph.D. through programs like its Medical Scientist Training Program. These scholarships are designed to help those who want to become research scientists, not Beverly Hills plastic surgeons.
Some scholarships cover only tuition, leaving medical students to pay for their living expenses, which can easily run more than $2,000 a month. Cleveland Clinic Lerner College of Medicine of Case Western Reserve University will offer free tuition to all future medical students. The Cleveland Clinic focuses on training researchers and academics. You'll need to have good grades, scores, and luck. Last year, before the new scholarship program was announced, the Cleveland Clinic received 1,423 applications for its 32 slots. It'll probably be even more competitive this year.
The Mayo Clinic promises every admitted medical student a scholarship of at least $25,000. That means students in the fall of 2011 will be charged no more than $4,200. And many will get other scholarships to cover that.
The National Health Service Corps will repay $60,000 in education debt for two years of service in needy areas. It will repay up to $179,000 for 5 years of service.
Another great money saving tip is to look into courses online for a variety of fields.
When I read the title of this article, I thought the answer might be move to Cuba. LOLs.
ReplyDeleteI'm wondering if you have a child planning on being a doctor????
ReplyDeleteGrouch, I thought the same thing but was surprised to learn what we have in this country.
ReplyDeleteJanette, I do have one going for a 4 year nursing degree. I'd like him to switch to a MD. This post I'll save for him.
I know guys who have gotten Uncle Sam to pay for their medical degrees by signing up to do a stint in the service post-degree.
ReplyDeleteFree is good. I will pass this post along to a friend that is in pre-med. Thanks for sharing. Found your blog thru Festival of Frugality, glad I Did!
ReplyDeleteFor going free in collage is good. Scholarship is good to go to collage.
ReplyDelete