PracticeMatch Medical School Scholarships
Paying for medical school is no small feat. The average cost of attendance for one year at a public medical school was $34,592 for in-state students and $58,668 for out-of-state students in 2016–2017 according to the AAMC.
The cost varies largely based on the institution and if it is public or private. The most expensive medical school is Tufts University. Tuition and fee amounts to over $60,000 a year. Other contestants for highest costing medical school include Dartmouth, Case Western Reserve, Columbia, and Northwestern.
When you are looking into costs for medical school, be sure to factor in the area the school resides in to calculate cost of living. This varies greatly based on city. Costs concerning rent, transportation, food, and travel costs, which vary greatly if you plan to routinely visit home outside of the area. Looking to avoid areas with high cost of living? Don't opt for New York City, San Francisco, Boston, Honolulu, and Washington, D.C., these are among the most expensive cities in which to live.
By contract, cities with the lowest cost of living include Kansas City, Dayton, Omaha, Birmingham, and Louisville.
The NYU School of Medicine has made headlines by offering free tuition for medical school students. The idea of free tuition has spread after NYU's announcement; Washington University in St. Louis followed in similar footsteps with a program that offers 50% of their medical students free tuition.
Other creative ways to lessen the burden of student loans are to consider looking for stipends dependent on what specialty you select. Side hustles are another way physicians ease the burden of debt.
Are you looking for ways to make medical school more affordable? Consider the incentive programs offered by these states and organizations to help make your medical school experience more affordable: