Average Indebtedness of MD students at each school

[bonez318ti]

Anyone know of a resource that compiles this, or perhaps a resource that goes over how helpful the financial aid of each school is?

Thanks

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[Dr.LeoSpaceman]

I don't beleive there is info in one place for average indebtedness, since the amount can vary widely. Each school should be able to provide you with the number if you call or email the financial aid department. Also, makesure you get the munber excluding students who have a full ride (i.e. those with government and military gratns that include service requirements, MD/PhD candidates, or full merit scholars.) Because in a class of 150, 20 people with 0 debt because of these programs can significantly skew the number.

 

[Steiner]

Anyone know of a resource that compiles this, or perhaps a resource that goes over how helpful the financial aid of each school is?

Thanks

i know I've seen that somewhere, it may have been on AAMC.org or in one of those books that has every med school in the US and their class size, average numbers, and tuition info. Some websites have info too, like princetonreview.com

 

[bonez318ti]

If anyone has links or any data points, please let me know...
Info requested:
Medical School Name, Indebtedness amount (include the year the datapoint was for), and a source. If you have datapoints for multiple years, please send them all, and perhaps we can look at possible trends.

I'll compile a list and put it up..

Heres an interesting article on tuition and indebtedness (its nothing we dont already know). (unfortunately, this doesn't look at each school individually)http://sls.downstate.edu/pdfs/financialaid/MedicalSchoolDebt.pdf

 

[wonderfun]

If anyone has links or any data points, please let me know...
Info requested:
Medical School Name, Indebtedness amount (include the year the datapoint was for), and a source. If you have datapoints for multiple years, please send them all, and perhaps we can look at possible trends.

I'll compile a list and put it up..

Heres an interesting article on tuition and indebtedness (its nothing we dont already know). (unfortunately, this doesn't look at each school individually)http://sls.downstate.edu/pdfs/financialaid/MedicalSchoolDebt.pdf

hey us news lists it but you may have to be a subscriber to get access to it.
here's a few. sorry i'm too lazy to look up others:

tufts: 158,000
Bu: 138,000
gtown: 134,000
GW: 127,000
columbia: 85,000

enjoy.
but don't get too caught up in these numbers bc it's an average, and so obviously some students will get 0 aid and others will get tons. and then at others some will get lots of grants, which, for example, is why columbia's is relatively low.

 

[no exit]

i think princeton review keeps those stats.. search by school at princetonreivew.com

 

[bonez318ti]

i think princeton review keeps those stats.. search by school at princetonreivew.com

Unfortunately the PR site doesn't include state what year the stats are from.. (there is a bit of difference since some state tuition rates have gone up 100% in the past 4 years).. :-(

 

[flash]

interesting that the columbia avg. is $85K.

 

[SanDiegoSOD]

interesting that the columbia avg. is $85K.

You'll notice that the top private schools have low debt averages, even lower than most state schools. This is due to a number of reasons, but mostly due to the great financial aid packages that some of these schools offer. For example - the average Stanford graduate leaves with less debt than the average UC Irvine grad.

 

[SanDiegoSOD]

I put together this list of schools as I go through the process of choosing which schools I will apply to. The last line of info contains the average debt of graduates who accumulated debt. Hope this helps some of you.
Note: The other information, in order, is City or State, US News Rankings (research, then primary), Acceptance rate (in state in CA, out of state if not in CA), Average GPA, Average MCAT, Tuition, Average Debt

Region/School Location US News Rank R/P Acept. % Avg. GPA Avg. MCAT Tuition Avg. Debt

California

UCSF San Francisco 6, 8 6.8 3.76 11.2 16000 55000
UCLA Los Angeles 14, 17 5.8 3.67 10.9 16000 75725
UCSD San Diego 17, 6 8.2 3.76 11 16000 56000
UCI Irvine 53, 57 8.6 3.67 10.5 16000 80000
UCD Davis 49, 17 6.3 3.62 10.6 16000 62000
Stanford Palo Alto 8, na 3.5 3.75 11.2 35000 65000
USC Los Angeles 32, 46 9.9 3.62 10.8 36000 110000

Great Lakes Region/Mid-West

Northwestern Chicago 20, na 5.4 3.68 10.8 35000 120000
U of Chicago Chicago 22, na 8 3.63 10.3 30000 113000
UIC Chicago na, na 4.7 3.5 9.6 48000 na
U Michigan Ann Arbor 7, 23 7.7 3.75 11.5 32000 92000
Case Western Ohio 24, 31 6.2 3.64 10.6 36500 111000
Mayo Rochester, MN 22, 52 2.4 3.78 10.5 12000 70000

New York

NYU NYC 30, na na 3.7 11 27000 84000
Cornell NYC 12, na 3.9 3.73 11.3 31000 86000
Colombia NYC 8, na 10.2 3.79 11.7 35000 86000
Mount Sinai NYC 28, 57 6.8 3.66 10.9 32000 99000
NYMC New York na, na 10.7 3.5 9.9 34500 150000
Albert Einstein Bronx 37, 39 8.7 3.64 10.3 35000 90000

New England

Harvard Boston 1, 42 4.4 3.8 11.3 32000 88000
BU Boston 43, na 3.8 3.49 9.5 37000 139000
Tufts Boston 40, na 6 3.52 10.2 40000 160000
Yale New Haven, CT 10, na 5.1 3.71 11.4 34000 95000


South

Baylor Texas 13, 20 3.7 3.77 11.2 6500 62000
Duke North Carolina 4, 39 3.7 3.8 11 32000 78000
Emory Atlanta 19, 42 8.6 3.75 10.9 33000 103300
UVA Charlotsville 25, 31 6.1 3.7 10.7 33000 71000
Vanderbilt Nashville 15, na 7.6 3.77 10.8 30000 80000
UT Southwest Dallas 17, 36 11 3.75 10.6 21000 70000
Tulane New Orleans 56, na 5 3.51 10.5 35000 123000

Atlantic/Penn.

U Penn Philadelphia 4, 46 4.7 3.78 11.4 35000 101000
George Washington Wash, D.C. na, na 5.4 3.5 9.5 40000 130000
Georgetown Wash, D.C. 43, na 5.5 3.66 10.4 34000 135000
Drexel Philadelphia na, na 14.4 3.44 9.7 33000 125000
U Pitt Pittsburgh, PA 15, 31 9.1 3.7 10.9 36000 120000
Hopkins Baltimore, MD 3, 46 5.4 3.8 11 34000 81000

 

[lulubean]

this is awesome, thank you!

 

[Code Brown]

You'll notice that the top private schools have low debt averages, even lower than most state schools. This is due to a number of reasons, but mostly due to the great financial aid packages that some of these schools offer. For example - the average Stanford graduate leaves with less debt than the average UC Irvine grad.

My guess is that the top private schools also like to accept people with "pedigrees" that are to their liking (ie. have parents who are also graduates from them same schools or are doctors.) These same parents then often foot the bill (or a big part of it).

 

[monstermatch]

I agree - my experience has been that most private schools have a sizable population of students whos family is footing a big part of the bill. What you want to know is what the school is going to charge YOU. Unofortunately, you can be 30 years old and self-sufficient but the school is still going to ask you about your parents income, and if it looks like they are middle class or higher, you aren't going to get much financial aid. So don't expect any miracles if you are intent on paying your way and you aren't from a poor family.

That said, EVERYTHING is negotaible. If a school offers you a crappy financial package, you shouldn't hesitate to moan and groan about it and guilt the ADCOM into coughing up some money. If you're polite about it and make it clear to them that its a deal-breaking issue, I can almost guarantee that they will miraculously find a little extra in their discretionary fund to win you over. Maybe a lot extra! Unfortunately, they aren't going to just offer this to you - you usually have to ask for it.

So the upshot is - those numbers are pretty worthless and you should be prepared to negotiate when it comes to financial aid if you want to go the private route. This also works for some state schools, but you shouldn't expect to get quite as much money.

 

[SanDiegoSOD]

My guess is that the top private schools also like to accept people with "pedigrees" that are to their liking (ie. have parents who are also graduates from them same schools or are doctors.) These same parents then often foot the bill (or a big part of it).

I agree that this is likely true. However, the numbers that US News uses excludes those who don't accumulate debt from medical school, so those that have their entire bill footed by their parents are not included in the averages. Those that only receive partial help would be included, putting a downward pressure on the numbers. So I agree, the numbers for top privates may be slighly more deflated than others schools. The fact remains that these schools do (most often) offer better financial aid to their needy students, a capability due to their large financial assets.