Is the tuition at NYCOM really that insane?!

[DocInProgress]

---

Members do not see this ad.

Currently, I hear that students are paying 38k/year. But starting in 07-08, tuition will raise to 42k with 7-10% increases each year.

Also, do students need to buy their medical insurance? I heard the price is ridiculous, costing around 4-5k/year. This too will rise 10% every year. I mean if we have government's health insurance (HIP, Health Plus), are we still forced into buying their insurance plan?

Anyone with any insight on the tuition and insurance would be greatly appreciated.

 

[lilzelda2]

If you have health insurance already you can opt out of paying for the school's insurance.

 

[DocInProgress]

If you have health insurance already you can opt out of paying for the school's insurance.

Thanks for the quick reply.

What about the tuition? Is it really rising to 42k or more this coming fall? and then continually rising?

In addition, is there any federal or school aid in helping students that come from a really poor background? Grants or awards?

Anyone?

 

[happygirl3]

Thanks for the quick reply.

What about the tuition? Is it really rising to 42k or more this coming fall? and then continually rising?

In addition, is there any federal or school aid in helping students that come from a really poor background? Grants or awards?

Anyone?

Yes, the information you have about the tuition is accurate. I was at a NYCOM interview two weeks ago and have received the tuition/financial aid info. It does go up each year, by about 7%, beginning with 42 K first year...

 

[DocInProgress]

Yes, the information you have about the tuition is accurate. I was at a NYCOM interview two weeks ago and have received the tuition/financial aid info. It does go up each year, by about 7%, beginning with 42 K first year...

Wouldn't that make NYCOM the most expensive medical school in the US? Seriously, from 38k to 42k.. wow, that's a 10%+ increase. This is so ridiculous, by the time we're in our 4th year, the tuition will be over 50k. And if this is the case, I can only pray that I get into another medical school.

 

[happygirl3]

Wouldn't that make NYCOM the most expensive medical school in the US? Seriously, from 38k to 42k.. wow, that's a 10%+ increase. This is so ridiculous, by the time we're in our 4th year, the tuition will be over 50k. And if this is the case, I can only pray that I get into another medical school.

Hehe, you are absolutely right. And that's the reason that I am most likely chosing Touro-NY over NYCOM. I don't want to be over 80 grand in debt by my second year...it's very scary

 

[SexPistol]

they tell you 10 percent because that is the maximum that it will go up by. i dont think it increased 10 percent last year to this year but im just going on word of mouth no facts. but it is expensive.

 

[LizUMD]

Holy crap. If you start when tuition is $42k then after three years your tuition will be up to $56,000/yr! Even if they only increase by 7% every year it will still be $51,400. That's just ridiculous. For the first time I would seriously have to say that cost/tuition would be a deciding factor between choosing them or some other school. All along I had the attitude, "go where you're the best fit" but if some state MD schools are still $16-20k/yr then this is an enormous difference, especially factoring in loan interest. And they expect to still drive people toward primary care?

 

[PlasticMan]

Holy crap. If you start when tuition is $42k then after three years your tuition will be up to $56,000/yr! Even if they only increase by 7% every year it will still be $51,400. That's just ridiculous. For the first time I would seriously have to say that cost/tuition would be a deciding factor between choosing them or some other school. All along I had the attitude, "go where you're the best fit" but if some state MD schools are still $16-20k/yr then this is an enormous difference, especially factoring in loan interest. And they expect to still drive people toward primary care?

Perhaps one of several reasons factoring into why over half of NYCOM grads specialize. If you want to do primary care, there are special grants available, but you have to promise to do primary care x amount of years.

 

[PlasticMan]

Thanks for the quick reply.

What about the tuition? Is it really rising to 42k or more this coming fall? and then continually rising?

In addition, is there any federal or school aid in helping students that come from a really poor background? Grants or awards?

Anyone?

How dark is your skin?

Seriously, it depends on if you're an under-represented minority or not. If you're from poor background and are either white, asian or indian - no. If you're from poor background and are either black, hispanic, native american, etc. - yes.

 

[KateGia]

If you have health insurance already you can opt out of paying for the school's insurance.

If you are on a parent or spouse's insurance you can opt out of the school's. You can not get cobra or anything like that.

 

[DocInProgress]

How dark is your skin?

Seriously, it depends on if you're an under-represented minority or not. If you're from poor background and are either white, asian or indian - no. If you're from poor background and are either black, hispanic, native american, etc. - yes.

well, i am actually in the former group but my family makes less than 25k/year combined. so, would i still be eligible?

 

[lilzelda2]

well, i am actually in the former group but my family makes less than 25k/year combined. so, would i still be eligible?

If your talking about the new york regents scholarship I think they give priority to blacks, hispanics, and Native Amer. I did hear that NYCOM does some disadvantage student grants and that's not based on race but I think its only like a couple hundred dollars.

You could always call or e-mail the fin. aid office, they may have a listing of scholarships and point you in the right direction for ones your qualified for.

And I for one did not know tution was increasing to 42k next yr, thats really a buzz kill...

 

[CJY85]

Hehe, you are absolutely right. And that's the reason that I am most likely chosing Touro-NY over NYCOM. I don't want to be over 80 grand in debt by my second year...it's very scary

Touro is no better just because of how much u need to take out for living...the students from last year were basically mandated to take out 60000 in order to maintain their homes in NYC.....so...it makes no difference...only difference is..NYCOM is fully accredited and has way more affiliations... think hard... and by the way WVSOM is ridiculous for out of staters...its 49000 for tuition alone!

 

[Obnoxious Dad]

Michigan State for OOS students has a tuition bill of $60,000 per year. Total costs for OOS approach $80,000.

The new medical school at Hofstra will only be about 7 miles from the NYCOM campus. Hofstra will open its doors in 2010 or 2011. The presence of a competing institution 10 minutes away might make the NYCOM administration take a second look at jacking up the bill.

 

[PlasticMan]

Michigan State for OOS students has a tuition bill of $60,000 per year. Total costs for OOS approach $80,000.

The new medical school at Hofstra will only be about 7 miles from the NYCOM campus. Hofstra will open its doors in 2010 or 2011. The presence of a competing institution 10 minutes away might make the NYCOM administration take a second look at jacking up the bill.

We were told Hofstra will not open for at least 5 years?

 

[DocInProgress]

Michigan State for OOS students has a tuition bill of $60,000 per year. Total costs for OOS approach $80,000.

You can't use MSUCOM as an example for everyone. I LIVED in NY forever and yet I have to pay the same hefty fee as everyone else. I'd be more than happy to go to MSUCOM if I was a Michigan resident.

 

[DocInProgress]

Touro is no better just because of how much u need to take out for living...the students from last year were basically mandated to take out 60000 in order to maintain their homes in NYC.....so...it makes no difference...only difference is..NYCOM is fully accredited and has way more affiliations... think hard... and by the way WVSOM is ridiculous for out of staters...its 49000 for tuition alone!

Do you think the cost of living in Long Island is really much cheaper? If anything, it's probably a bit more. Touro NY is between Manhattan and the Bronx; you can choose to live on the more affordable side. It's not like you're forced to live in downtown Manhattan (though that may be awesome for the experience). Even NYCOM suggest taking more than 60k/year if you're not living with your parents.

 

[bkpa2med]

Why was it when I interviewed last year, the lady from financial aid said tuition plus living expenses would be at $75k/yr. She made a strong statement to those also who have a weak credit score.

 

[lilzelda2]

Do you think the cost of living in Long Island is really much cheaper? If anything, it's probably a bit more. Touro NY is between Manhattan and the Bronx; you can choose to live on the more affordable side. It's not like you're forced to live in downtown Manhattan (though that may be awesome for the experience). Even NYCOM suggest taking more than 60k/year if you're not living with your parents.

I think its about equal, living in the city is expensive even if u try and live in the Bronx. I think in LI you get more for ur money. But it really depends on how u want to live, u can pay 550 mnth and live with roomates and you can do the same in the city to. The diff. is that u may be living in a better neighborhood in LI. But u don't have the flashing lights of the city.

 

[Obnoxious Dad]

We were told Hofstra will not open for at least 5 years?

I am pretty sure that if you google Hofstra and "medical school" that you will find that the intent is to open in 2010 or 2011.

One other thing about Michigan State. There will be a new MD school opening in Michigan in 2010 run by Beaumont Hospital and Oakland University. This might put a damper on MSU's tuition. Who knows?😕 Beaumont is a GREAT hospital.

 

[Vizsla]

why do people think that multiple schools in the same vicinity will force these institutions to lower their tuition?? there is no dearth of medical applicants...perhaps the credentials of matriculating students will begin to fall in quality if some become dissuaded by high tuition, but being able to recruit students to take spots at a medical school will never be a challenge, and med schools know this for a fact. 60K tuition is absolutely ridiculous no matter what school or where it is...yet its possible bc there are students who are more than willing pay if it gives them the chance to become a doctor

 

[Obnoxious Dad]

why do people think that multiple schools in the same vicinity will force these institutions to lower their tuition?? there is no dearth of medical applicants...perhaps the credentials of matriculating students will begin to fall in quality if some become dissuaded by high tuition, but being able to recruit students to take spots at a medical school will never be a challenge, and med schools know this for a fact. 60K tuition is absolutely ridiculous no matter what school or where it is...yet its possible bc there are students who are more than willing pay if it gives them the chance to become a doctor

Schools don't want to lose their best potential applicants. They know that there is a trade off between the price they charge and the stats of incoming students.

I know two guys who were accepted at the same Big 10 allopathic school who chose not to go to med school because of the cost and the long road to board certification. They made an economic decision.

If med school had tuition across the country of $15,000 per year the competition for admission would be even more intense than it is now. This is how the market works.

 

[Lamborghini1315]

I believe i made a comment on this a while ago..its a fact that there are very few amazing medical schools out there..majority of schools fall under the category of good-avg. So discounting the few hundreds of students who get accepted at elite medical schools most of the students who get accepted at multiple schools will choose a school thats financially doable. Its ridiculous to pay twice the amount of money for an education you would get at half the price. Only criterion to overpay at a school would be if it falls under the amazing category! The exception is if you are rich, or have family members willing to help you out. Other than that why would you want to take out a ridiculous amount of money in loans..thats stupid!. Loan money is not yours it will kill you once you graduate and hit residency when the reality of real life kicks in. Residency paychecks are not meant for recovering your losses in med school..i cant imagine working 80 hours a week and realizing that i need to pay off 200 grand. In my opinion, weigh out your options based on your financial resources..if you are broke like most of the college kids choose a school that won't sink your ship. End of the day its your problem not the world's..the best example is all the uninformed real estate owners who bought houses worth more than they can afford and now are forced to give up their houses coz they are unable to pay their mortgage. Its ridiculous loan companies will try to take advantage of you by giving you the money but when you are unable to pay back you are screwed my friend.

 

[Saregamapadanis]

Touro is no better just because of how much u need to take out for living...the students from last year were basically mandated to take out 60000 in order to maintain their homes in NYC.....so...it makes no difference...only difference is..NYCOM is fully accredited and has way more affiliations... think hard... and by the way WVSOM is ridiculous for out of staters...its 49000 for tuition alone!

yea either you take money for living, or you take money for the loan, it doesn't change much in the amount you take at the end.

 

[Vizsla]

I know two guys who were accepted at the same Big 10 allopathic school who chose not to go to med school because of the cost and the long road to board certification. They made an economic decision.

this definitely is not the norm. how is it they only realized this after they had researched schools, applied, filled out secondaries, interviewed and received acceptances?? they shouldnt have applied in the first place

 

[DocInProgress]

this definitely is not the norm. how is it they only realized this after they had researched schools, applied, filled out secondaries, interviewed and received acceptances?? they shouldnt have applied in the first place

Well I applied to NYCOM thinking that my tuition would be 38k according to their website. However, at the interview, they stated it will be 42k for my year and will rise 7-10% every year after. Had they listed those facts on their site, I would probably not have applied.

 

[Porco Rosso]

i just find it little disturbing that this country needs more doctors but many who at early stages decide on career negate medicine because of medical school costs.

you have to make medical profession more attractive to draw in more people. I personally had a hard decision because being a late bloomer, I thought hard about becoming a patent lawyer, nurse, business, vs. doctor

 

[ahedges]

As a NYCOMer about to graduate, I can tell you about the tuition. NYCOM's plan is to increase the tuition for each incoming class each year, but your tuition will remain the same for your 4 years. if you come in paying 42k, then that is what you will pay all 4 years, but the class behind you will have an increase. Also, the health insurance is United healthcare ppo, and has excellent coverage, no referals or preauthorizations needed. It currently runs about 5k a year. if your covered by parents still, you can opt out though. Also for housing, i've paid any where from 475 for a room in a house to 1000 for a 1 bedroom. You can preety much find anything along a continuum. Hope this helps.😉

 

[justwannabeadoc]

As a NYCOMer about to graduate, I can tell you about the tuition. NYCOM's plan is to increase the tuition for each incoming class each year, but your tuition will remain the same for your 4 years. if you come in paying 42k, then that is what you will pay all 4 years, but the class behind you will have an increase. Also, the health insurance is United healthcare ppo, and has excellent coverage, no referals or preauthorizations needed. It currently runs about 5k a year. if your covered by parents still, you can opt out though. Also for housing, i've paid any where from 475 for a room in a house to 1000 for a 1 bedroom. You can preety much find anything along a continuum. Hope this helps.😉

Thats is not what i was told on my interview. I asked if the tuition will remain the same for the 4 years that I am there, and I was told no.

 

[DredPiratRobrts]

Maybe they're using the extra tuition $ for a new website...one that doesnt look like it was made in an 8th grade computer class on geocities.

 

[Kappy1]

Maybe they're using the extra tuition $ for a new website...one that doesnt look like it was made in an 8th grade computer class on geocities.

👍

But instead they put a flat screen TV monitor outside the first and second year class showing pictures of the school. 😕

 

[MossPoh]

Man. No matter what way you slice that, that is a ridiculous tuition. I was thinking about applying there, but now I'm not sure. I highly doubt I'll be receiving 40k in services from the school per year. Is their overhead really that large? Did they state any reasons for such a massive hike? I consider anything over 2 or 3% pretty big of a jump. I'm not poor by any means, but damn. That is all I have to say. Damn

 

[Kappy1]

Man. No matter what way you slice that, that is a ridiculous tuition. I was thinking about applying there, but now I'm not sure. I highly doubt I'll be receiving 40k in services from the school per year. Is their overhead really that large? Did they state any reasons for such a massive hike? I consider anything over 2 or 3% pretty big of a jump. I'm not poor by any means, but damn. That is all I have to say. Damn

I will assure that you won't be getting your 40K worth. Though it is comparable to other medical schools and can even be cheaper than many out of state schools because you will have to pay out of state tution. If Hillary is in power, than all medical school students are screwed because we will never be able to pay off our $200,000 when she proposes universal healthcare, which is just a code word for socialized medicine. But med school tution just keeps getting higher every year.

 

[DrWBD]

To answer the originally posted question:

Yes, it is insane.

 

[lilzelda2]

There was an article in Money magazine about doctors in debt, the doctors they used as an example were two DO's that recently graduated from a school in Chicago. Together their debt was around 400's in school fee's and they added on an extra 200 to buy an apartment.

I think the moral of the story is to study a lot in college and cut back on the drinking so you don't end up at NYCOM and but instead go to a cheap state school.

What is tution going to be next yr anyway?

 

[DocInProgress]

Does anyone know anyone that receives SDS aid? If so, how much do they get?

 

[MossPoh]

I will assure that you won't be getting your 40K worth. Though it is comparable to other medical schools and can even be cheaper than many out of state schools because you will have to pay out of state tution. If Hillary is in power, than all medical school students are screwed because we will never be able to pay off our $200,000 when she proposes universal healthcare, which is just a code word for socialized medicine. But med school tution just keeps getting higher every year.

Heh. Well, that is never going to happen the way she plans. By 2011 the US is estimated to be 50/50 with private to government. To put things in perspective, Canada is about 40/60 I believe. It depends on your speciality. Many physicians make more than you'd expect in socialized medicine scenarios. They tend to not show the hours put in, which are a lot less for most international docs compared to the US. That is a bit of a digression, I don't like Hillary but wait till you're a doctor dealing with huge overhead. A single payor system might begin to sound a little more tempting. Not saying it will, but it might. If they want doctors to go primary care then they need to allow students the ABILITY to decide what they like without the burden of debt.

 

[Ki45toryu]

AZCOM is kinda up there too...the area is cheap to live in though, so that takes back some of the overall debt.

Well, in theory, because with that 'extra' lent money I'm just using it on the sweetest summer trip in existence. What are ya gonna do?

 

[DocInProgress]

AZCOM is kinda up there too...the area is cheap to live in though, so that takes back some of the overall debt.

Well, in theory, because with that 'extra' lent money I'm just using it on the sweetest summer trip in existence. What are ya gonna do?

Get a good paying job that will pay for at least a quarter of my tuition. 🙁

 

[Ki45toryu]

Get a good paying job that will pay for at least a quarter of my tuition. 🙁

Well, thats one option....one that depresses me to think about.

 

[Coastie]

Anyone have NYCOM match list? Post it over on the DO 2008 match list. I can't find the 2007 match list, either..

 

[Milamber]

Touro NY is between Manhattan and the Bronx.

Touro-NY is actually in Manhattan on 125th St. The only thing between Manhattan and the Bronx is the river. I thought I'd clear that up

 

[HarveyCushing]

The new medical school at Hofstra will only be about 7 miles from the NYCOM campus. Hofstra will open its doors in 2010 or 2011. The presence of a competing institution 10 minutes away might make the NYCOM administration take a second look at jacking up the bill.

sorry for the hijack, but does anyone know how the Hofstra-LIJ partnership will affect AOA residencies? From what I remember North Shore/LIJ offer a few AOA residencies don't they?

 

[Coastie]

sorry for the hijack, but does anyone know how the Hofstra-LIJ partnership will affect AOA residencies? From what I remember North Shore/LIJ offer a few AOA residencies don't they?

Too early to tell.

Is Hofstra even officially on its way in? I thought they hadnt recieved entire accreditation.

I feel the future for AOA residencies is bleak unless change is made within the organization.

 

[SpecialmED]

Does NYCOM offer any deals on labtops or PDA's?

 

[countthestars]

Does NYCOM offer any deals on labtops or PDA's?

During my interview, they said they give students a PDA for their 3rd and 4th so that NYCOM can keep tabs on us while we are doing our clinicals.

 

[countthestars]

Back to the main topic of the thread. I love everything about NYCOM. It's an amazing school with great teaching, research, clinicals and match list. The only thing is their tuition is crazy. If I get into a cheaper school, I will be going there. I think NYCOM is putting itself in a great disadvantage by charging its students so much. They might be loosing some very great and qualified students just because of how much it costs to go there and thats a damn shame.

 

[klgDO]

Wow, I am sorry to read how high tuition is at NYCOM. We just had an 8% hike at TCOM, but our tuition for the year is still only around 12k. Texas has deregulated tuition at all state schools and rates have just gone through the roof.

We are not offered health insurance, and reasonable health products sold to individuals are outrageous. We have to purchase our "school supplied" computers first semester (another 2k).

 

[PlasticMan]

During my interview, they said they give students a PDA for their 3rd and 4th so that NYCOM can keep tabs on us while we are doing our clinicals.

Yeah, they just gave us E2's.