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- Thread starter fa21212
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I haven’t paid my pound of flesh yet, but my instinct is that is doesn’t apply identically to medical school. Cost is certainly one factor, but there may be other reasons to consider a private medical school (which isn’t always more expensive). At the end of the journey, physicians (US MD/DO) have job security and adequate compensation to repay the loans, unlike some undergraduate programs. I put the medical school version below:
LPT: Don't attend an expensive Caribbean medical school if you have to pay for it. DON'T! Aim for US MD. Or attend DO. But DON'T take out a mortgage to be an IMG. It will hold you back for years.
LPT: Don't attend an expensive Caribbean medical school if you have to pay for it. DON'T! Aim for US MD. Or attend DO. But DON'T take out a mortgage to be an IMG. It will hold you back for years.
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You should be thinking of things as a return on investment.
I just looked at my alma matter's tuition and fees UTHSCS SOM which is $82,200 for 4 years. Baylor SOM is about $98,000.
What do you get for the extra $16,000? The vast majority of the time, the answer is not much. Don't forget that that difference in cost gets compounded when you have 6%-7% interest rates per year. Those first dollars are going to compound for at least 6 years if you don't pay during residency.
I just looked at my alma matter's tuition and fees UTHSCS SOM which is $82,200 for 4 years. Baylor SOM is about $98,000.
What do you get for the extra $16,000? The vast majority of the time, the answer is not much. Don't forget that that difference in cost gets compounded when you have 6%-7% interest rates per year. Those first dollars are going to compound for at least 6 years if you don't pay during residency.