Archive for September 2012

Medical School Scholarships: Get Paid to Study

According to the American Medical Association (AMA), the average debt facing medical school graduates in 2011 was $161,290. At the current professional student loan rate of 6.8%, you are looking at almost a quarter million dollars in total cost of medical school. The cost of tuition has gone up 50% over a 20 year period for private medical schools and 133% for public medical schools[1]. Paid over 10 years, the total price of the current average loan is $222,735. What are your plans to pay for this? A mortgage, a car payment and student loan payments, it is no surprise that doctors are struggling paying their loans.

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