AMNews: May 12, 2008. Harvard offers discount on med school tuition … American Medical News
In March, Harvard announced that students whose families earn $120,000 or less a year will get up to $12,500 off the annual $65,000 cost of tuition and living expenses. The program will start with the 2008-09 academic year.
Wow. How long does it take to pay off that debt? Does anyone know Harvards’ percentage of grads going into primary care? I think there’s be a correlation…
Believe it or not $65K isn’t too crazy for a super-high-end private school. I think Temple’s COA is around 70K. Wake Forest is just shy of 60K. I don’t remember NYMC exactly, but they said to plan for 1/4 million in a debt- that’s about 62K.
Here in California Stanford and the University of the Pacific are over $60K now.
Those figures are frightening. I know if I were looking at that kind of bill for an M.D., given the present practice environment, I would seriously consider something else.
I just finished 2nd year at Loyola – annual cost ~$62,000. I couldn’t afford to go into primary care with the ~$240,000 in debt I will have even if I wanted to. It doesn’t help that the interest rate on student loans is 6.8% (higher than many mortgages even though this one is non-defaultable). It also doesn’t help that they continue to threaten to eliminate deferment through residency.
While my tuition increases at 3% a year, they give me a 0% cost of living increase each year. Very frustrating.