Can someone be so kind as to update this info from post 38 in this thread? Thank you!
Did my best. If anyone finds any errors, please edit/update.
4-year HPSP
2010/2011 Median Total Cost for Public Medical Students = $49,298/year * 4 years
= $197,192
2010/2011 Median Total Cost for Private Medical Students = $66,984/year * 4 years
= $267,936
Stipend Pay Before Tax ($2122/month) * 4 years = $101,856 - 3 months for ADT
= $95,490
***Stipend pays monthly except during the 45 day Active Duty Time (ADT), in which you will get paid your Active Duty salary of an O-1 under 2 years.
2013 ADT Pay O-1 Before Taxes = Basic Pay + Basic Housing Allowance + Basic Allowance for Subsistence = $2876.40 + $1875 + $242.60 = $4994 * 3 ADTs = $14,982
***For BAH without dependents (you get a couple hundred more if you're married or have kids), I chose Bethesda as the duty station since that is where Walter Reed National Military Medical Center is.
USMLE Board Exam = $2385
Signing Bonus = $20,000 (one-time payment)
Also reimbursed for health insurance, didn't know how to factor that into the value.
Estimated Scholarship Value for all 4 years
Public School = $329,959
Private School = $398,408
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The pay below is for Straight-Through IM Residency:
Intern (PGY-1) to PGY2 Pay
Basic Pay = $3835.50/month (O-3 pay under 2 years; before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $100/month (variable special pay)
Monthly = $6053.10
Yearly = $72,637.20
PGY-3 Pay
Basic Pay = $4347.90/month (before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $100/month (variable special pay)
Monthly = $6565.50
Yearly = $78,786
IM Attending Starting Pay
Basic Pay = $5386.80/month (O-4 pay for under 4 years service, before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $416.66/month (variable special pay; increases as service years increases)
BCP = $208.33/month (board certification pay; increases as service years increases)
ASP = $15,000/year (additional special pay for all medical doctors)
ISP = $20,000/year (incentive specialty pay for IM; differs for each specialty)
Monthly = $11,046.06
Yearly = $132,552.68
***This track will give you 6 years Active Duty service after all commitments are met. 14 more years to get retirement benefits.
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The pay below is for GMO Tour first, then Residency:
Intern (PGY-1) pay
Basic Pay = $3835.50/month (O-3 pay under 2 years; before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $100/month (variable special pay; less than 3 years service)
Monthly = $6053.10
Yearly = $72,637.20
4-year GMO pay
***I chose San Diego as the GMO Billet, just because I felt like it haha.
Year 1
Basic Pay = $3835.50/month (O-3 pay under 2 years; before tax)
BAH w/o dependents = $2187/month (San Diego, CA)
BAS = $242.60/month (food allowance)
VSP = $100/month (variable special pay)
ASP = $15,000 (additional special pay)
Monthly = $7615.10
Yearly = $91,381.20
Year 2
Basic Pay = $4347.90/month (O-3 pay under 3 years; before tax)
BAH w/o dependents = $2187/month (San Diego, CA)
BAS = $242.60/month (food allowance)
VSP = $416.66/month (variable special pay; 3-6 years service)
ASP = $15,000 (additional special pay)
Monthly = $8443.26
Yearly = $101,319.12
Year 3
Basic Pay = $4692.90/month (O-3 pay under 4 years; before tax)
BAH w/o dependents = $2187/month (San Diego, CA)
BAS = $242.60/month (food allowance)
VSP = $416.66/month (variable special pay)
ASP = $15,000 (additional special pay)
Monthly = $8789.16
Yearly = $105,469.92
Year 4
Basic Pay = $5116.50/month (O-3 pay under 6 years; before tax)
BAH w/o dependents = $2187/month (San Diego, CA)
BAS = $242.60/month (food allowance)
VSP = $416.66/month (variable special pay)
ASP = $15,000 (additional special pay)
Monthly = $9212.75
Yearly = $110,553.12
PGY-2 Pay
Basic Pay = $5461.80/month (O-4 pay under 6 years; before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $416.66/month (variable special pay)
Monthly = $7996.06
Yearly = $95,952.72
PGY-3 Pay
Basic Pay = $5774.70/month (O-4 pay under 8 years; before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $1000/month (variable special pay; >6 years service)
Monthly = $8892.30
Yearly = $106,707.60
IM Attending Starting Pay
Basic Pay = $5774.70/month (O-4 pay for under 8 years; before tax)
BAH w/o dependents = $1875/month (Bethesda, MD WRNMMC)
BAS = $242.60/month (food allowance)
VSP = $1000/month (variable special pay; increases as service years increases)
BCP = $208.33/month (board certification pay; increases as service years increases)
ASP = $15,000/year (additional special pay for all medical doctors)
ISP = $20,000/year (incentive specialty pay for IM; differs for each specialty)
Monthly = $12,017.30
Yearly = $144,207.56
***This track will give you 8 years of Active Duty service after meeting all commitments. 12 years left for retirement benefits.
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Pay increases with number of active years served as well as making rank. Most medical doctors make rank every 5-6 years.
***Also keep in mind, military medicine includes:
-Not having to pay malpractice insurance
-Free medical, dental, vision healthcare
-No Medical School Debt
-Base amenities (free gym, cheap movie theater/bowling/recreation, tax-free groceries and items at the commissary and exchange).
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