Significant drop in pharmacy school applications!

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BMBiology

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It looks like people are finally "getting it". Here's an example (USC):

Class of 2013 had nearly 1400 applicants:
http://news.usc.edu/28648/Pharmacy-School-Welcomes-Class-of-2013/

Class of 2018 had just 986 applicants:
https://pharmacyschool.usc.edu/programs/pharmd/pharmdprogram/admission/class-profile/

That is almost a 30% drop in the number of applications!

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Here's more data on the downward trend:

Class of 2013 ("nearly 1400 applications"): http://news.usc.edu/#!/article/28648/Pharmacy-School-Welcomes-Class-of-2013

Class of 2014 ("some 1300 applicants"): http://news.usc.edu/#!/article/27286/Pharmacy-s-Class-of-2014-Suits-Up/

Class of 2015 ("1179 applicants"): http://pharmacyschool.usc.edu/news/welcome-class-of-2015.html

Class of 2016 ("nearly 1100 applicants"; actual number per website: 1065): http://pharmacyschool.usc.edu/news/school-of-pharmacy-welcomes-the-class-of-2016.html

Class of 2018 had just 986 applicants:
https://pharmacyschool.usc.edu/programs/pharmd/pharmdprogram/admission/class-profile/
 
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So same amount of new grads, just more bottom of the barrel students? This is good? :shrug:
 
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Actually the class size is also increasing. USC went from 185 to 200 students even when the saturation is affecting its new graduates. This is another troubling trend not just at USC but also at other pharmacy schools.
 
986 Applied, 428 interviewed, 311 admitted

You have a 43% chance of getting an interview and 1 in 3 chance of being accepted.

Isn't that REALLY good odds for acceptance considering USC is one of the oldest and most well known pharmacy programs in California?
 
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You're only looking at one school. The total number of applicants is much more stagnant than what you're seeing at USC.

http://www.aacp.org/news/2014annualreport/Pages/CriticalIssue1.aspx

(There is also a 2012 Annual Report with similar statistics.)

I'd venture that the newer schools are taking away applicants from the older schools (applications-per-person hasn't changed much while many new schools have opened), and I'd guess that USC is experiencing an even greater drop in applicants compared to most considering the extremely high cost of attendance.
 
Another interesting trend to look at would be the proportion of men and women. They always say when women are entering a field the wages will start dropping.
 
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Doesnt matter... if the number pumped every year is the same. USC grad is stupid to even go to that school, one of the most overpriced school in the country, with nothing to show.
 
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Doesnt matter... if the number pumped every year is the same. USC grad is stupid to even go to that school, one of the most overpriced school in the country, with nothing to show.

I also agree with this. It seems like the established schools are feeling the pinch as competitive students are applying to medical, dental schools, etc.

I don't see the number of new grads decreasing any time soon, just as long as student loan is easily accessible. Tuition will keep on going up and new graduates will have a harder time finding full employment.
 
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Thanks to BMBiology my district is short staffed so I have to work 100+ hours every 2 weeks instead of 80. Retail is better than I expected.
 
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I received a new rate before I started and I get paid for every hour I work. I really love it.
 
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I would like to see the number of total enrollment not just at USC but in California and nationwide. Also, based on hearsay, the attrition rate at more reputable schools has increased, since more of the enrolled students find themselves unable to handle the coursework. I would be interested to see how this affects the total number of graduates per year.
 
Here's more data on the downward trend:

Class of 2013 ("nearly 1400 applications"): http://news.usc.edu/#!/article/28648/Pharmacy-School-Welcomes-Class-of-2013

Class of 2014 ("some 1300 applicants"): http://news.usc.edu/#!/article/27286/Pharmacy-s-Class-of-2014-Suits-Up/

Class of 2015 ("1179 applicants"): http://pharmacyschool.usc.edu/news/welcome-class-of-2015.html

Class of 2016 ("nearly 1100 applicants"; actual number per website: 1065): http://pharmacyschool.usc.edu/news/school-of-pharmacy-welcomes-the-class-of-2016.html

Class of 2018 had just 986 applicants:
https://pharmacyschool.usc.edu/programs/pharmd/pharmdprogram/admission/class-profile/

I see on website tuition is 48,876 annual can anyone verify if this is true?? at usc do people pay full price or is there automatic scholarship? I cannot believe 195504 for pharmd. simply cannot.
 
I see on website tuition is 48,876 annual can anyone verify if this is true?? at usc do people pay full price or is there automatic scholarship? I cannot believe 195504 for pharmd. simply cannot.

I paid out of state tuition. Buffalo, NY. In state tuition: $11,820/year. (so darn cheap)
- In 2004-2005, my year 1 (P1) tuition was $23,642/year oos.
- Today 2014-2015, it is $48,116/year. LOL.

New grad with $200k+ debt is the new normal.

According to rule of 72 (the number of years it takes to double), 72/7 = 10.2 years for tuition to double every 10 years. In 2024, it will take $96k/year just to go to pharmacy school if tuition keeps raising 7% a year.
 
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One would have to be financially delusional to even think about attending USC college of pharmacy. Cost of attendance figures from their own website:

Tuition + Fees (costs that cannot be avoided, except maybe the $3,500 laptop fee) well exceed $50,00o/year.

With the extremely expensive cost to live in LA, they place the total annual cost to attend USC at 78,000 plus/year. This also does not account for the interest that will accumulate on unsubsidized loans while attending school.

So, in conclusion, do not go to USC. Your financial future is ridiculously constrained. Total student loan debt could easily exceed $300-350k. Much better to not attend school, start a business, and see how it goes. At least you can declare bankruptcy and run away from your debts.

If you must attend pharmacy school, get in-state residency in a much cheaper state and attend school there. Waiting 2 years plus will not hurt you at all financially considering the enormous debt-load at USC. If you are attending this year, you might want to seriously consider dropping out and re-evaluating your financial future. Unless you have a full-ride. How many people actually have a significant scholarship of 10-20k plus/year at USC though? My experience in pharmacy school was that lots of people had small 2-3k scholarships, but very few had scholarships greater than 10k.

Year 1
Years 2-4
Tuition $48,876 $48,876
Mandatory Fees
Year 1 Years 2-4
Fingerprinting Fee $76
Immunization Program Fee $180
New Student Orientation Fee $35
Purchase of Computer $3,500
Program Fee $80 $80
Student Health Center $545 $545
Student Services $20 $20
Norman Topping student aid fund $16 $16
Student Health Insurance $1,712 $1,712
Malpractice Insurance $10 $10
Computer Access Fee $300 $300
 
Student Health Center $545
Student Health Insurance $1,712

This fee is another scam universities are forcing on their students. Why would health insurance with high deductible cost $1700 a year for 25 year olds? Why are they forcing students to pay an additional $545 health center fee when they are already required to have health insurance and therefore, they can go to their primary physician for their medical needs?

That is more than $2200 a year or $10,400 by the time they graduate if they need to borrow student loans at 6.8% interest rate.
 
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This fee is another scam universities are forcing on their students. Why would health insurance with high deductible cost $1700 a year for 25 year olds? Why are they forcing students to pay an additional $545 health center fee when they are already required to have health insurance and therefore, they can go to their primary physician for their medical needs?

That is more than $2200 a year or $10,400 by the time they graduate if they need to borrow student loans at 6.8% interest rate.

Sadly, $1700 a year actually seems kind of cheap. After I graduated, the school I attended is charging $4500 yearly plus additional student health center fees. Health insurance is easily adding over $5000/year for these students. No great way to get out it either, if you are over 26 years old.
They justify those prices by saying they don't want students to experience a medical hardship while in school. Have they not considered that their costs are creating far more hardship than most medical bills?

I haven't looked, but I think several schools are charging exorbitant amounts of their health insurance. Some even require dental + vision which really jacks up the price. It is a scam of epic proportions happening to all types of allied health students right now.
 
Sadly, $1700 a year actually seems kind of cheap.

Not according to Obama:
http://www.nytimes.com/2013/09/25/u...mium-costs-of-health-plan.html?pagewanted=all

“I can tell you right now that in many states across the country, if you’re, say, a 27-year-old young woman, don’t have health insurance, you get on that exchange, you’re going to be able to purchase high-quality health insurance for less than the cost of your cellphone bill,” Mr. Obama said Tuesday

I dont know if USC set this fee or the Department for Education but yes, you will need to pay a fee to borrow money even when the interest rate is already high:

Stafford Loan Fees $355
Graduate Plus Loan Fees $1,010

More high fees. Keep in mind, land around USC health science campus is pretty cheap and they are charging this much per semester to park your car (summer not included):

Lot 71 $324
Biggy Structure $445.50
South San Pablo Lot $324
 
Some pharmacy schools require your health insurance to be equivalent to what they are offering you. They will require your deductible to be $xxxx and your maximum lifetime benefit to be $xxxx. What happens most of the time is your $100 per month premium for your health insurance will not meet those requirements. In this case you either consider your school's health insurance or buy a more expensive plan and waive the school insurance.
 
Most pharmacy schools require your health insurance to be equivalent to what they are offering you. They will require your deductible to be $xxxx and your maximum lifetime benefit to be $xxxx. What happens most of the time is your $100 per month premium for your health insurance will not meet those requirements. In this case you either consider your school's health insurance or buy a more expensive plan.

Just another scam to force students to buy expensive plans. If I am a healthy 25 year old, why do I need to spend so much on insurance? These plans usually have high deductible so unless I am in a coma or something, I still need to pay out of pocket for my medical needs.
 
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you would have to be either completely uninformed or certifiably insane to attend USC with those numbers... wow.
 
Thanks to BMBiology my district is short staffed so I have to work 100+ hours every 2 weeks instead of 80. Retail is better than I expected.
Same here. I work a lot like that too.

But I am getting out. It will take a while, but like all life sentences, I plan to get out early on good behavior.



 
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Same here. I work a lot like that too.

But I am getting out. It will take a while, but like all life sentences, I plan to get out early on good behavior.





You are still doing retail? Or hospital?
 
Just another scam to force students to buy expensive plans. If I am a healthy 25 year old, why do I need to spend so much on insurance? These plans usually have high deductible so unless I am in a coma or something, I still need to pay out of pocket for my medical needs.

If u think this is a scam, what u think of the health insurance mandate by the federal government ?? ;)
 
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I don't think you'll see a significant decrease in the number of applicants (such that the # of applicants < # of available slots at all pharmacy schools) unless the pay for pharmacy decreases which, of course, none of us want.

This is still the quickest path to a guaranteed (for now) six-figure job.

What we really need is for a few of these fly-by-night schools that opened up in the past decade or so to go under.

The ACPE (Accreditation Council for Pharmacy Education) really dropped the ball on balancing long-term supply & demand by letting all of these newer programs open up...
 
Maybe the drop off is dilutional because the # of schools increased so much?

That was the first thing I thought of. For these kids sake, I hope they are applying to something other than in healthcare.
 
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