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Excerpts:
And though Ross is 1,500 miles from the mainland, U.S. residents who attend the school, and about two dozen other offshore medical schools, qualify for federal student loans.
That's meant more than $150 million a year in government-guaranteed aid for Ross, which has about 3,500 students, double the biggest U.S. medical school.
...............................
But federal regulators are taking a closer look at evidence suggesting taxpayers and students may be getting shortchanged by foreign medical schools.
• At Ross, fewer than one-third of the students finish in four years, compared to nearly 100 percent at U.S. medical schools.
• Since Ross, like other Caribbean medical schools, doesn't have a teaching hospital, it pays hospitals stateside for students' clinical training, with wide variations in quality.
• Students of foreign medical schools like Ross graduate with higher average debt, $235,000 compared to the average $158,000 owed by graduates of U.S. medical schools, according to an August report to Congress by regulators.
• About 20 percent of Ross graduates fail to land a residency, the key to a license to practice in the United States. If they cannot pay their student debts, taxpayers are left holding the bag.
Steven Moxley, a former Navy corpsman, graduated from Ross in 2005 but can't get a residency due to low test scores. Now 54, with $250,000 in unpaid loans, Moxley is working construction jobs in the Washington, D.C., area and renting a room from his son.
"I'm living hand-to-mouth," he said. "I've got debt out the ying-yang."
Started in a motel
Robert Ross, a commodities trader in New York, opened his medical school in 1978 in a motel in Dominica's capital at the suggestion of an employee whose son couldn't get into medical training in the States. By 2000, Ross had sold majority interest in both the medical school and an affiliated veterinary school in St. Kitts to a group of New York investors. Three years later, both schools were acquired by DeVry for $310 million.
Ross is the only offshore medical school owned by a publicly traded corporation, which must disclose more financial data than privately owned schools.
Last year, DeVry, better known for its tech training schools, reported $165.7 million in net income after taxes. But the company also reported an additional $140 million in tax-free income from the Ross operations.
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But Dr. Peter Fabri, former dean of graduate medical education at USF College of Medicine, said his school has had a different experience.
"The quality of clinical education Ross students get is very, very unpredictable," said Fabri, a professor of surgery who retired as dean in September. "We've had some Ross students whom I'm told are superb, but we've also had a number from Ross who ended up being dismissed because they just didn't have it. And it's rare that any residents are dismissed."
More schools coming
Fabri, who has served on national commissions on graduate medical education, said students from foreign medical schools are going to be at a growing disadvantage.
Five new U.S. medical schools, including University of Central Florida and Florida International University, have begun enrolling students in the past few years and four more schools are in the permitting process. Those new graduates will make it tougher to get residency slots, which have not increased.
"I have not encouraged our program directors to take students from Caribbean schools," Fabri said. "And now that the competition is greater, I'm telling them to be very, very thoughtful."
In a report to Congress in August, the group that accredits offshore medical colleges recommended that the schools raise their standards and improve reporting on everything from test scores to graduation rates to total cost.
Full story here: http://www.tampabay.com/news/health/medicine/article1061189.ece
And though Ross is 1,500 miles from the mainland, U.S. residents who attend the school, and about two dozen other offshore medical schools, qualify for federal student loans.
That's meant more than $150 million a year in government-guaranteed aid for Ross, which has about 3,500 students, double the biggest U.S. medical school.
...............................
But federal regulators are taking a closer look at evidence suggesting taxpayers and students may be getting shortchanged by foreign medical schools.
• At Ross, fewer than one-third of the students finish in four years, compared to nearly 100 percent at U.S. medical schools.
• Since Ross, like other Caribbean medical schools, doesn't have a teaching hospital, it pays hospitals stateside for students' clinical training, with wide variations in quality.
• Students of foreign medical schools like Ross graduate with higher average debt, $235,000 compared to the average $158,000 owed by graduates of U.S. medical schools, according to an August report to Congress by regulators.
• About 20 percent of Ross graduates fail to land a residency, the key to a license to practice in the United States. If they cannot pay their student debts, taxpayers are left holding the bag.
Steven Moxley, a former Navy corpsman, graduated from Ross in 2005 but can't get a residency due to low test scores. Now 54, with $250,000 in unpaid loans, Moxley is working construction jobs in the Washington, D.C., area and renting a room from his son.
"I'm living hand-to-mouth," he said. "I've got debt out the ying-yang."
Started in a motel
Robert Ross, a commodities trader in New York, opened his medical school in 1978 in a motel in Dominica's capital at the suggestion of an employee whose son couldn't get into medical training in the States. By 2000, Ross had sold majority interest in both the medical school and an affiliated veterinary school in St. Kitts to a group of New York investors. Three years later, both schools were acquired by DeVry for $310 million.
Ross is the only offshore medical school owned by a publicly traded corporation, which must disclose more financial data than privately owned schools.
Last year, DeVry, better known for its tech training schools, reported $165.7 million in net income after taxes. But the company also reported an additional $140 million in tax-free income from the Ross operations.
............
............
............
............
But Dr. Peter Fabri, former dean of graduate medical education at USF College of Medicine, said his school has had a different experience.
"The quality of clinical education Ross students get is very, very unpredictable," said Fabri, a professor of surgery who retired as dean in September. "We've had some Ross students whom I'm told are superb, but we've also had a number from Ross who ended up being dismissed because they just didn't have it. And it's rare that any residents are dismissed."
More schools coming
Fabri, who has served on national commissions on graduate medical education, said students from foreign medical schools are going to be at a growing disadvantage.
Five new U.S. medical schools, including University of Central Florida and Florida International University, have begun enrolling students in the past few years and four more schools are in the permitting process. Those new graduates will make it tougher to get residency slots, which have not increased.
"I have not encouraged our program directors to take students from Caribbean schools," Fabri said. "And now that the competition is greater, I'm telling them to be very, very thoughtful."
In a report to Congress in August, the group that accredits offshore medical colleges recommended that the schools raise their standards and improve reporting on everything from test scores to graduation rates to total cost.
Full story here: http://www.tampabay.com/news/health/medicine/article1061189.ece