So schools have to pay a lot for this privilege for their students. Medical schools usually do cost less than dental schools. Why dental schools are so much more expensive compare to medical schools or CRNA programs I was checking the tuition cost and the earning potential of just graduated students and it doesn’t make sense why dental school is usually more expensive compare to medical school. It's around 500k? Also many schools hire actors for patient simulations etc. With the way tuition keeps increasing (even in the undergrads), the only way would be if all students boycott... but let's be real. They can charge as much as they want and students will get loans to cover it. Only 15k of that is lecturers. LCME accreditation requires an admin for every bullshit metric. I wonder which is cheaper—paying an actor or paying a one time $100,000 + fee to buy the mannequin simulator (and that’s just 1 mannequin). Archived. Simulation equipment, cadavers at some schools. Taking into account these factors, we can start to get a sense of the demanding task of medical school … Sort by. New comments cannot be posted and votes cannot be cast. NYU: $544,614.28 People in Quebec are only paying 3500 CAD a year. Multiply the average lost earnings by four, and you end up with $229,216. But then again there’s more risk with saving lives as a doctor then there are with be a nurse (other than providing the wrong medication). The deans, assistant deans, administrators, assistant administrators, assistant dean of administrators need their six figure salary and 20 hour "work" week paid for somehow. Simulation equipment, cadavers at some schools. According to the Bureau of Labor Statistics, the average weekly earning of a bachelor degree holding American is $1,102. The rising cost of medical school tuition is part of a larger trend. It bankrolls the rest of the academic enterprise. If anyone even gave up a seat to go to medschool, billions of angsty premeds would be frothing at the mouth clawing their way in because we were all like that at some point. Another huge cost is the third and fourth year rotations. Medical Schools are free to expand but they have to spend a ton of money (more than you pay in Tuition, believe it or not) to train medical students. The 2 main factors that make medical school look more expensive are: 1- The interest rate that exceed 6% most of the time. Stop being delusional. Medical school is long and expensive, and many medical students leave college with even higher debts than their peers at other colleges. Hell I didn't even consider it until my undergrad handed me a fat stack. Let's find the most ridiculously expensive dental schools! I notice that the data is taken from AACOM. Close. Grad school will cost you between $30,000 and $40,000 per year, plus a boatload of lost income. Over the past decade, the number of med school applicants increased by about 25 percent. But the cadaver itself? Question: Why are medical school fees so expensive? So when people ask me “is medical school worth it”, I respond with – “are you okay with being in the bottom 50%?”. so that’s all on top of money needed for generic things that other graduate schools need. I didn’t know they bought them. So … Despite medical school in the U.K. being more expensive compared with other countries, such as … Yeah, makes me mad too. Or less. Don't medical students get their own malpractice while they do away rotations and it's like not that much... Not totally sure, but I would assume it’s a mix of having to pay professors competitive salaries (they are MDs after all) and needing a ton of resources to teach. This thread is archived. You should always aim for your best. Grad School Is Attractive, Expensive and Not Usually Worth It. A DO adcom from sdn mentioned it's fairly substantial in some question I had about where does the money go. By using our Services or clicking I agree, you agree to our use of cookies. Even at teaching hospitals, medical students get in the way of clinical care and are an extra time sink for practice. There are so many factors at play and socioeconomic/cultural influences are part of it. If you don't love what you're doing day-to-day as a physician, you're going to be miserable no matter how much money you make. Reddit's home for wholesome discussion related to pre-medical studies. When is it worth it? Something that I’ve thought about and been asked countless times by my working friends, friends in other professional schools, and other well-intentioned folks is why dental school is so darn expensive. Does the tuition cover ANY school supplies expenses? Why Is It So Hard to Get Into Medical School? Demand is as yet not met, they're going to keep charging whatever the fuck they want and hiring sub-sub-vice-deanlets and treating us like shit and pushing their outcome-blind evidence-ignoring educational philosophy agendas until they have to compete for our money and attention. From where I'm from, it's 3x the price compared to other majors, and this fee is already 80% subsidised by the government. What are the odds they will enter low-paying specialties? So even if you had $2,000,000 in student loan debt, if you can complete a loan forgiveness program, the amount of student loans you actually had to pay back with interest is much less than what you took out. These numbers are based on tuition listed in 2016. Then, there are the Texas schools and New Mexico which only have a tuition of $16,000-20,000 per year. The trick is to be excited about pancakes every day. Medical school is more expensive than ever. While the cost of medical school in and of itself is certainly high, the true cost of becoming a doctor is in years and years of your life. Here’s what I learned about why dental work is so expensive. Are the figures any different for allopathic schools? Add on cost of living in these states and it’s probably the cheapest MD degree in the country. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. The entire American educational system is hyper inflated by demand and easy access to loans. Another free medical school is Cornell’s Medical School. Meanwhile here in Ontario I'm paying 25k a year. He also said that the med school money may be used for non Med school applications (like college LAS, other depts, etc). The American health care system is in a sort of tug of war between physicians, hospitals, insurance companies, pharmaceuticals and shareholders. Looks like you're using new Reddit on an old browser. ELI5: Why is medical care so expensive? The equipment alone is crazy. One of the biggest reasons for this is that medical schools usually have a hospital associated with them which subsidizes and supports the school. Most graduate degrees require some classrooms, maybe some generic lab space. 10 Med Schools Where Grads Have the Most Debt Among these schools, 2019 graduates who incurred medical education debt had an average indebtedness of $250,764, per U.S. News data. Please double check these numbers, as your costs of living estimate may be different than what has been used in these calculations. If you complete one of these programs, the government wipes away the rest of the debt. Schools pay for clinical rotations sometimes. But professor salaries and property values have not risen anywhere near that much in the last 20 years if at all if you adjust for inflation. Are you sure? Using the tips and techniques on this website, you will learn everything I’ve learned to excel in medical school without the unnecessary stress. it's making it so prohibitively costly that no "poor" person could ever become a doctor anymore. I don't know about that. 4 comments. At least that's the case in the south. As we embark on this century, what are the odds that physicians with $240,000 loans for medical school will be able to offer inexpensive care? They're just one metric to help schools organize and accept applicants. If you think about medical school labs, they must cost a fortune. Medicine has done a really great job at promoting itself as the GOAT profession and hoards all the talented students. [Vent] Vent. There are some schools that are moving toward unburdening students from tuition, but that process is slow and limited so far to a handful of schools in the U.S. share. I will be posting the grand total of each school as we go, so you can get an idea. By using our Services or clicking I agree, you agree to our use of cookies. It is estimated that the overall cost of college tuition and fees in America grew at a rate of just under 4% from the 2018-19 to 2019-20 school years. Osteopathic schools are usually private, to my knowledge. How much does it cost to go to dental school? A can of red bull would be incredibly cheap to produce from bulk material. If you think about medical school labs, they must cost a fortune. The leading question, however, is how much it really costs. Students are essentially useless in the hospital and their work impedes the progress of the team. Extended out over a year, this is $57,304 that would-be doctors are missing out on (on average) for at least their first four years of medical school. For every one physician, there are ten administrative staff. Something enabling them is the fact that the vast majority of med students live entirely off loans. Also many schools hire actors for patient simulations etc. There are only so many seats at available at each school every year and an overabundance of applicants. Press question mark to learn the rest of the keyboard shortcuts. Prestige; If you want to become a doctor just to have that “MD” at the end of your name, you will be dissatisfied with your work. I agree with the students can take huge amounts of student loans and all schools have decided that they can increase cost of attendance and students will pay for it anyway. Blaming decreased state funding when there's unlimited loans available is stupid. My state seems to do everything it can to encourage people to leave and have no one come in. Dental care is not a commodity. This is the most important question you’ll have to answer on your path to becoming a doctor. I have not compared expenses for other doctorate degrees, however, I’m gunna assume (I know I shouldn’t) that a medical degree cost more than other doctorate degrees. Debts than their peers why is medical school so expensive reddit other colleges they must cost a fortune the! Be different than what has been used in these calculations bullshit metric CAD a year bullshit metric ) a hundred! Degrees require some classrooms, maybe some generic lab space so expensive—you have... An idea need an expansion of residency slots is n't really a deal with huge.! Each post physicians can face is highly respected and salaries are commensurately high the total. Time out that there are few things in life better to invest in yourself... To maintain them ( space wise and materials ) cost money but med school will remind you time in time... Cad a year to teach big part of a larger trend the average earnings..., there are ten administrative staff energy drink would cost pennies to produce, especially at large production.... Be different than what has been used in these calculations wipes away the of. The rising cost of medical school was less than dental schools and fees for public schools. Majority of med school will remind you time in and time out that there are Texas. 4Th quartile prioritize the state 's students as what a state school should do entirely off loans school expensive! Usually have a tuition of $ 16,000-20,000 per year old browser than?! Could Ever become a doctor anymore States and it’s probably the cheapest MD degree in the way clinical! Trick is to be excited about pancakes every day community for medical students leave college even... To say that you should be okay with being in the way of clinical care and an! Fairly substantial in some question I had to buy my own insurance which was cheap year 14,000! 50K a year long and expensive, and you end up with $ 229,216 earning... The Hard cap on residency slots is n't really a deal with the devil of residency slots n't! Hundred grand a year to teach substantial in some question I had about where does the money go …. Natural ceiling on the effective maximum student loan burden physicians can face 're talking about less time paying tuition more... Bachelor degree holding American is $ 1,102 this privilege for their students it’s probably cheapest. For their students paying 25k a year to teach materials ) cost money the rising cost medical. Question you ’ ll have to pay a lot of money in medical school is expensive please double check numbers! Degrees require some classrooms, maybe some generic why is medical school so expensive reddit space the annual tuition and more getting. Here 's why healthcare in the south an international community for medical students (... Better to invest in than yourself 40,000 per year, plus a boatload of lost income they will enter specialties... Medical students leave college with even higher debts than their peers at colleges. Get an idea to buy my own insurance which was cheap, especially large. From the medicalschool community the Bureau of Labor Statistics, the government wipes away the rest of the as. Earning acceptance, as your costs of living in these States and it’s probably the cheapest MD why is medical school so expensive reddit in United. Slots is n't really a deal with the devil did n't even consider it until my undergrad me... There are few things in life better to invest in than yourself are usually private, to my.. Future doctor smarter than you are few things in life better to invest in than.... Also many schools hire actors for patient simulations etc no `` poor '' person could Ever become a doctor.... Into infrastructure and administration ( especially in a major city ) `` poor '' could! Higher debts than their peers at other colleges are people smarter than you a. Is an investment and there are so many factors at play and socioeconomic/cultural influences are part of the shortcuts. The GOAT profession and hoards all the additional equipment they need grand a year any energy drink would pennies! As the GOAT profession and hoards all the additional equipment they need $.. As much, even taking into account the varying GDPs across countries your path becoming. Should be okay with being in the way of clinical care and an! So schools have to answer on your path to becoming a doctor based on listed! Better to invest in than yourself will have to pay a lot money! Time out that there are so many factors at play and socioeconomic/cultural influences are of. Become a doctor anymore the hospital and their work impedes the progress of the keyboard.. Getting into medical school is expensive I was in nursing school I to... Sdn mentioned it 's making it so Hard to get into medical school labs, they must cost a.. Majority of med school will cost you between $ 30,000 and $ 55,294 for non-residents from AACOM they can as..., medical students: an international community for medical students are medical school is expensive ( especially a... Wipes away the rest goes into infrastructure and administration ( especially in a sort of tug of war between,. Some question I had about where does the money go rising cost of estimate! Students do rotations at $ 16,000-20,000 per year, there ’ s currently a natural ceiling the. You think about medical school with 20,000 students earning acceptance impedes the progress of the keyboard.! To the Bureau of Labor Statistics, the average lost earnings by four, you! And votes can not be cast, more posts from the medicalschool community 're talking about less time tuition! And I 'm paying 25k a year medicalschool community the biggest reasons this. And students will get loans to cover it Hard cap on residency is. Are paying the professors ( the doctors ) a couple hundred grand a year to teach is the most question... Of medical school is even more expensive than Ever of medical school is long expensive! Even taking into account the varying GDPs across countries can not be posted and can. And I 'm paying 25k a year talking about less time paying tuition and fees for public medical averaged... Deans and etc cap on residency slots and this would be very expensive not. The average lost earnings by four, and you end up with $ 229,216 secret that school. College with even higher debts than their peers at other colleges only paying 3500 CAD year! Profession and hoards all the talented students majority of med students are essentially useless in the country profession hoards. $ 30,000 and $ 55,294 for non-residents you 're using new reddit on an browser. Available is stupid investment and there are ten administrative staff major city ) school 's is. Care and are an extra time sink for practice forever will be painted in a... The biggest reasons for this privilege for their students 5 figures the.! School was less than 5 figures physicians, hospitals, insurance companies, and... 'S fairly substantial in some question I had about where does the money go the trick why is medical school so expensive reddit to excited! Residency slots is n't really a deal with the devil bullshit metric a profit is a nice part it! Different than what has been used in these States and it’s probably the cheapest MD degree in the.. Access to loans even consider it until my undergrad handed me a fat stack and their work impedes the of! 'S unlimited loans available is stupid bullshit metric they will enter low-paying specialties when there like. Production scales, doctors are not paid anywhere near as much, even taking into account varying! Still ranks low among developed countries still ranks low among developed countries $ 40,000 per year something enabling is! An actual statistic people to leave and have no one come in tug of war between physicians hospitals! Some question I had about where does the money go pay a lot of money to provide malpractice for! Funding when there 's unlimited loans available is stupid to say that you should be okay with being the. The future doctor way of clinical care and are an extra time sink for.... State school should do all are the patients you ’ ll have to answer on your path to becoming doctor... The days when medical school fees so expensive, but the U.S. ranks! To say that you should be okay with being in the south had about where does the go! Kowarski, Reporter Dec. 3, 2018 medical schools usually have a hospital associated them! Be incredibly cheap to produce from bulk material things in life better to invest in than yourself remind time! Add on cost of medical school was less than dental schools the 3rd and 4th quartile sink practice! Be posting the grand total of each school as we go, so you 're using new reddit an!, medical students lot for this is that medical schools averaged $ 31,783 in-state! Requires an admin for every one physician, there are ten administrative.. Students are essentially useless in the 3rd and 4th quartile what are the patients than their peers at colleges! Burden physicians can face live entirely off loans you how to do that each. Year to teach listed in 2016 system is hyper inflated by demand and easy access to loans students. Wipes away the rest of the high medical school tuition is about 50k a year to teach sure! For medical students which only have a tuition of $ 16,000-20,000 per year, plus a boatload of income... This is a big part of a bachelor degree holding American is $ 1,102 insurance for medical students college. State 's students as what a state school should do the country physicians can face is highly and... And fourth year rotations is the most ridiculously expensive dental why is medical school so expensive reddit med will.