KnuxNole

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This is probably a naive question, but that is on the poll in the main page, and I wasn't sure what they were talking about. Do they mean hypothetically(a school that only cares about your money and gives you no direction), or are there really schools like this?

In any case, hypothetical or not, I chose yes, but only as a final option if I get all rejections. Unless it's similar to Steward Med, then it'll be my first option :smuggrin:
 

Narmerguy

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The way these secondaries are looking I'd say all of them :(
 

mmmcdowe

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This is probably a naive question, but that is on the poll in the main page, and I wasn't sure what they were talking about. Do they mean hypothetically(a school that only cares about your money and gives you no direction), or are there really schools like this?

In any case, hypothetical or not, I chose yes, but only as a final option if I get all rejections. Unless it's similar to Steward Med, then it'll be my first option :smuggrin:

To my knowledge, none of the US medical schools are for profit, in the sense that they are actually making money by training students. Rather, they are heavily subsidized by the government or private donations. Also, there is a significant amount of prestige in having a medical school as part of your university, as well as the fact that it increases the chances of physicians staying in that city or state. I could of sworn that the price of training a medical student was something like twice what the student pays, but maybe I misread a previous post.

Usually when "for profit" schools are mentioned, it is the Carribean schools that are being referred to. These schools are basically in it for the money, and they have lower admissions standards because they know you aren't going to be staying anyways, but will come back to the States. It is in their best interest to have you flunk out or drop out in the first couple years, because rotations are much more expensive that basic science.
 

bioteach

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To my knowledge, none of the US medical schools are for profit, in the sense that they are actually making money by training students. Rather, they are heavily subsidized by the government or private donations. Also, there is a significant amount of prestige in having a medical school as part of your university, as well as the fact that it increases the chances of physicians staying in that city or state. I could of sworn that the price of training a medical student was something like twice what the student pays, but maybe I misread a previous post.

Usually when "for profit" schools are mentioned, it is the Carribean schools that are being referred to. These schools are basically in it for the money, and they have lower admissions standards because they know you aren't going to be staying anyways, but will come back to the States. It is in their best interest to have you flunk out or drop out in the first couple years, because rotations are much more expensive that basic science.

Actually, there is. The newest osteopathic medical school is for-profit. Rocky Vista University in Colorado is a big controversy in the osteopathic profession right now.
 

Rabbit36

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The way these secondaries are looking I'd say all of them :(
For-profit means the profits go into the pockets of shareholders or the owners/directors of the business. Non-profits can make a profit, they just have to put it back into organizational things like expanding, overhead, processing etc. I think it's funny when people think non-profits have to be money pits that aren't allowed to generate any profit. I'm not aware of any US med schools (with the exception of the new osteopathic school mentioned above) that have shareholders or put secondary fees into the pockets of the board of directors.
 

beachblonde

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Is it that easy to fail out of a Caribbean school?
The attrition rates at any given Caribbean school will be far higher than any US med school.

I'm not quite sure how it all works, but I believe that by attending a for-profit school your ability to get loans is different than students at not for profit schools. Right now students at Rocky Vista are not eligible for federal loans, but I think that has more to do with accreditation status than anything else.
 

Decicco

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To my knowledge, none of the US medical schools are for profit, in the sense that they are actually making money by training students. Rather, they are heavily subsidized by the government or private donations.
Actually, there are for-profit DO schools in the United States.
 

bioteach

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Actually, there are for-profit DO schools in the United States.
There is only one, as I mentioned above. Hopefully there will not be more, but I fear that they are coming.
 

Bacchus

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Actually, there is. The newest osteopathic medical school is for-profit. Rocky Vista University in Colorado is a big controversy in the osteopathic profession right now.
Gotta love the AOA. :thumbdown: Make the rest of us look like idiots because they "needed" this school. They couldn't have found an undergrad to undertake a not-for-profit DO school in CO? Sigh.
 

Combatbarbie

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Hmmmm prob around 100,000 call it an expensive school and just have it be really really easy.
 

Law2Doc

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The attrition rates at any given Caribbean school will be far higher than any US med school.
Their attrition rates are often higher than all US med schools combined, not just any med school. In US med school the attrition is less than 5%. At some of the offshore schools the graduating class is a mere fraction of the number of students who started together as first years. This is the biggest reason why it's not a good gamble for most.
 

mbe36

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NVM, I seem to have been wrong.
 
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RySerr21

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I know LECOM (DO) is for profit.
Which one? There are three. That info doesn't seem very accurate (ive never heard any lecom campus being for profit, but then again i havent done much research on it)
 

Bacchus

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Bacchus

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No it isn't.
LECOM is a private, non-profit corporation. The College is part of the Millcreek Health System; along with Millcreek Community Hospital, Millcreek Geriatric Care and Education Center and physician clinics managed by Medical Associates of Erie. As part of this Academic Health Campus, LECOM is opening the Medical Fitness and Wellness Center adjacent to Millcreek Community Hospital.
 

MossPoh

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I know LECOM (DO) is for profit.
You know wrong.


Since this has only been mentioned multiple times.

Rocky Vista University is the ONLY for profit school (DO or MD) within the United States.

For profit means that. They are out to make some money on it. I don't know anybody that really likes the idea. I'm trying to not judge RVU too hard. For all I know, they'll produce some rock solid doctors.
 

mbe36

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ROFL no it's not ... quit being stupid.
Well, I was told that exact information from a LECOM grad who is now a resident. I guess I did not think to question it. Thanks for the ROFL...
 

Narmerguy

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For-profit means the profits go into the pockets of shareholders or the owners/directors of the business. Non-profits can make a profit, they just have to put it back into organizational things like expanding, overhead, processing etc. I think it's funny when people think non-profits have to be money pits that aren't allowed to generate any profit. I'm not aware of any US med schools (with the exception of the new osteopathic school mentioned above) that have shareholders or put secondary fees into the pockets of the board of directors.
:p I was actually joking but I do appreciate the information as well :)
 

JaggerPlate

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Well, I was told that exact information from a LECOM grad who is now a resident. I guess I did not think to question it. Thanks for the ROFL...
He/She was probably confusing 'private institution' with 'for-profit' institution. There is only one for profit DO school - RVUCOM, which has created a huge negative backlash in the Osteopathic community. It will be a problem if the schools continue to pop up. Eventually - if for-profit DO schools continue to start up - you're going to have two separate classes of DO students, and the second class (for profit) is going to have problems all around.
 

mbe36

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He/She was probably confusing 'private institution' with 'for-profit' institution. There is only one for profit DO school - RVUCOM, which has created a huge negative backlash in the Osteopathic community. It will be a problem if the schools continue to pop up. Eventually - if for-profit DO schools continue to start up - you're going to have two separate classes of DO students, and the second class (for profit) is going to have problems all around.
I was told verbatim that is was for-profit. Looking back, I guess she meant private institution. But again, this person was a grad of said institution- so I took what she said as accurate.

I think you were out of line with your first comment. I was in no way knowingly trying to spread false information. Nor, was I bashing any school or the DO profession.
 

Bacchus

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There is absolutely no reason to bash the DO profession, since the existence of RVU is sufficient in and of itself to accomplish that goal.

:D

[/jk]
Don't you have rounds or something to do? :smuggrin:
 

JaggerPlate

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I was told verbatim that is was for-profit. Looking back, I guess she meant private institution. But again, this person was a grad of said institution- so I took what she said as accurate.

I think you were out of line with your first comment. I was in no way knowingly trying to spread false information. Nor, was I bashing any school or the DO profession.
I'm telling you verbatim ... it's not for-profit. Clear enough??? I don't think I was out of line with my first comment. I thought you were spreading unfounded information, you weren't and cleared it up. End of story.
 

mbe36

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Actually, it is out of line for you to lash out and tell someone who you do not know to, "quite being stupid"- especially after many other people had already pointed out the honest mistake. It is attitudes like yours that make this site less attractive to potential new members. I understand that people think they are tough because they can take a cheap shot at a stranger, hundreds of miles away, from behing their computer screen. I have confidence in the hope that you have the decency to not act that way in real life, JaggerPlate.

Good luck with the admissions process!
 

JaggerPlate

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Actually, it is out of line for you to lash out and tell someone who you do not know to, "quite being stupid"- especially after many other people had already pointed out the honest mistake. It is attitudes like yours that make this site less attractive to potential new members. I understand that people think they are tough because they can take a cheap shot at a stranger, hundreds of miles away, from behing their computer screen. I have confidence in the hope that you have the decency to not act that way in real life, JaggerPlate.

Good luck with the admissions process!
You know what ... I probably shouldn't have jumped on you like that. This site tends to create defensive reflexes, especially when it comes to things like DO comments in pre-allo forums, and I reacted. It was probably impulsive and unfounded, and I shouldn't have reacted so harshly. I'm not trying to be tough, nor do I find any pleasure in the secure nature of cowboy antics on the internet (like many others). Good luck to you too, and as you can probably tell from the rest of the thread ... LECOM is not a for-profit institution.