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"An applicant must demonstrate the existence of a minimum segregated, unencumbered
reserve fund escrowed until graduation of the first class of students and equal to the
greater cash value of 1) $5,000,000; or 2) tuition multiplied by the number of the
students of the inaugural class multiplied by four years. An increase in tuition will
require recalculation of the escrow amount and an increase in the calculation of the
amount of the escrowed funds. The escrowed reserve fund must not be borrowed funds."
This is one of the "revised" guidelines set out by the AOA on 12/10/2006 as an effort to restrict the metastatsis of new programs.
Our allo. counterparts require $150 million to start a new program. Our FANTASTIC institutions still run on the 1952 model of the fiscal requirements for a medical education.
You can't field a Nascar team for $5 million dollars much less give a high powered medical education to 100+ kids!!
I reckon we'll make up the deficits with love and OMM.
reserve fund escrowed until graduation of the first class of students and equal to the
greater cash value of 1) $5,000,000; or 2) tuition multiplied by the number of the
students of the inaugural class multiplied by four years. An increase in tuition will
require recalculation of the escrow amount and an increase in the calculation of the
amount of the escrowed funds. The escrowed reserve fund must not be borrowed funds."
This is one of the "revised" guidelines set out by the AOA on 12/10/2006 as an effort to restrict the metastatsis of new programs.
Our allo. counterparts require $150 million to start a new program. Our FANTASTIC institutions still run on the 1952 model of the fiscal requirements for a medical education.
You can't field a Nascar team for $5 million dollars much less give a high powered medical education to 100+ kids!!
I reckon we'll make up the deficits with love and OMM.