Only one metric was used to create this thread: pharmacy school tuition prices from 2012-2013.
http://www.aacp.org/resources/student/pharmacyforyou/admissions/admissionrequirements/Documents/Table 11.pdf
Also, remember to factor years of tuition of 3 year schools vs 4 year schools. I left 3 year schools off the top 10 list since there can be a significant variance in financials when the cost of living, accrued interest, and extra year of salary are accounted for.
Also, remember that these tuition prices are now a couple years outdated This list is not in exact order of tuition and fees-- these costs have some variation, and they are now 2 years out of date. All of these schools are approaching 0r exceeding 40k/year in tuition plus fees.
1. USC college of pharmacy. Most expensive pharmacy school in the country. Do you really get paid more for having an expensive diploma? ~47k (FYI, now exceeds 50k)
HELP!
I am being assassinated by Loma Linda University and or it's affiliates or those they contracted with to carry out the above order.
I am submitting this complaint to abate my financial woes due to severe discrimination based on my skin color.
It is pertinent that this war between Dean Billy Hughes and LLU School of Pharmacy administration and affiliates of Loma Linda University vs Brian Solomon Verrett end in a mutually agreed settlement to cover for real physical damage to my person in their continual effort to target me for unemployment. Everytime I approach sitting for licensure harassment from the aforesaid perpetuators intensifies in the form of a military signal/pulsating weaponry used to leave me breathless, and electronic harassment(e.g., shutting my computer off, blocking my keystrokes, weird phone calls, blocking phone calls, obstruction of justice e.g., Johnny Cochran firm) to literally force me out of performing for licensure as a pharmacist. Loma Linda's response to the above is that, "We/I graduated him 5 years ago" or words to that effect." They (LLU) also may state that He did not pass his boards." Based on their extreme, barbaric mistreatment towards me and testimony of other students that, "they will continue to mistreat you even after graduation as a graduate of their program", their is high certainty they interfered with the integrity of my past examinations for licensure to ensure a non-pass. The aforesaid statement(s) is used to divert investigation of their heinous acts against me which will ultimately lead to my untimely death. The goal of the diversion is to impress to others, including law enforcement (game of entrapment, they like to sick law enforcement on people especially those of my race) that they are oblivious to my calamity due to their draconian and racially hostile military-like acts. This has been an ongoing battle that has waged for years and could end in mortality if you decide not to bind together protection for Dr. Brian Solomon Verrett so that I will have safe passage within our community and communities abroad as a loving and giving moving spirit of hope, representation of academia and a warrior spirit. Please act now to prevent the loss of my life, honesty, and willingness by my part to proceed nonviolently when met by great odds and adversity.
Note: Dr. Eric J. Mack, Associate Dean of Loma Linda University School of Pharmacy, stated that "Brian Verrett, if you do not quit your job with your current employer, you will not graduate from Loma Linda University School of Pharmacy." or words to that effect (targeting me for unemployment)
Dr. Willie Davis: "Brian, what they do is target you!" or words to that effect
Dr. Billy Hughes: "At least we know that, he (Brian) doesn't like it when his buttons are pushed(Loma Linda University has an insatiable appetite when it comes to mistreating me, Brian Verrett)!" or words to that effect
NAACP member, San Bernadino, Ca. " What they do(Loma Linda University) is keep pushing you and pushing you!"
Dr. Naomi Florea: "Brian, they mistreat their own students!"
Dr. Naomi Florea: "Brian, they like setting traps, traps, traps (game of entrapment)!"
Respectfully submitted,
Dr. Brian Solomon Verrett B.S., PharmD
2005- Admitted to Boston University Henry Goldman School of Dentistry and Marquette School of Dentistry. Interviewed by UCSF School of Dentistry
Specific examples of their draconian processes against me can shown to you, the recipient, by personally interviewing me.
I need all tuition paid by me to Loma Linda University refunded to me. A license from the California Board of Pharmacy. A monetary settlement to cover damages to my person. Reinstatement to my former employer and any jobs I have applied and tested for, etc.
2. Western- Right up there with USC. Why would you pay for a 4-year school that has higher tuition rates than just about every single 3-year program?
3. Duquesne-- 40k annual tution puts in the clear avoid category
4. Ohio Northern-- 40k
5. Northeastern-- ~40k
6. Western New England-- ~38k
7. Touro-CA-- ~40k
8. Loma Linda-- 40k
9. A&M Schwartz-- ~39k
10. Regis-- ~37k
Honorable mention
a. University of Pacific-- combined tuition and fees for this 3-year program is $182,196 (as of 2014).
Accrued Interest
Graduate loans are unsubsidized. You will accrue interest on all loans throughout school. You must account for this total when you calculate how much you will owe after school.
Use this calculator:
http://www.collegeloanconsultant.com/accrued-interest-calculator.html
If a student at USC takes out 50k each year for tuition at 6.8%, and they have a 6-month grace period there interest accrued on tuition alone will be ~$41,429. That means that tuition plus interest, at USC, will cost ~$240,000. This does not factor in cost of living, or interest accrued on cost of living. It also does not factor in tuition increases, or the cost of deferment via 1-2 years of residency.
Using USC's own price estimate for cost of living: the total cost for 4-years would be $313,764. The total cost with interest accrued would be: ~$378,700!
Obviously 3-year schools have a big advantage over 4-year schools in the accrued interest category.
Student Loan Payment Calculator
Use a student loan calculator to predict your monthly payment after graduation. Here is one possible calculator:
http://www.finaid.org/calculators/scripts/loanpayments.cgi
Lets take the total costs accrued at USC (using USC's own figures) to determine an average monthly payment. For a 10-year loan, the average monthly payment on $378,700 is: $4,358.78!
If you go to USC College of Pharmacy will you be able to afford a student loan payment of $4,358.78? Probably not, considering that most pharmacists only have about 6-7k of take-home pay monthly (120k annual salary= 10k/month gross= 6-7/month net).
Ok, so we have determined that most pharmacists won't be able to afford the 10-year payment. Another option is a 20-year payment. For 20-years, the monthly payment will be $2,891.22. No big deal right? Only slightly less than half your pay going to student loans for the next 20 years.
Take-home point
Run the numbers! This is your personal business plan. Your situation will vary based on where you live.
One possible strategy: Cross all of the schools that exceed 25-30k in annual tuition off of your prospective list. Target all of the cheapest pharmacy schools in the country. Also factor in cost of living. If you can live in a dirt-cheap area, all the better. Apply to all of these more affordable schools-- figure out a way to get in-state tuition if you can. Attend the best price school with the best fit.
As a prospective pharmacy student, nothing is more important than your future financial freedom. If you disagree, then why are you going to pharmacy school in the first place? Don't take out medical-school like debt for a career that doesn't pay you like a doctor.
Most important of all: If you can't find a financial situation that works for you then don't go to pharmacy school!