What's with all the Osteopathic Medical School Deposits?

[metalmd06]

I was looking at Touro NY's Website, and they require a $2,000 acceptance deposit and then a $1,000 tuition deposit!? On top of that the secondary app fee is a whopping $200!! What's with all the deposits and fees associated with OM schools??

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[slim78]

I was looking at Touro NY's Website, and they require a $2,000 acceptance deposit and then a $1,000 tuition deposit!? On top of that the secondary app fee is a whopping $200!! What's with all the deposits and fees associated with OM schools??

They are sick of being your backup school.

 

[metalmd06]

ha ha, good one. Seriously though, is there a real reason for it??​

 

[Gold 5]

Slim has it right. They only want folks who are serious about going. All of the schools that I applied to did the same but asked for a little less cash.

 

[Cabbage]

They are sick of being your backup school.

Hahahhaha, yeah its a bitch to shell out mad loot for that. Nonetheless, be happy if you find your *** in this little predicament. I know plenty of kids that will shell out 10k to take your seat. lol

 

[slim78]

ha ha, good one. Seriously though, is there a real reason for it??​

I wasn't joking. Since so many MD bound applications only use DO schools as a backup, they do this to discourage people who pay the deposit only to secure a spot while they hold out for that MD acceptance.

Also most DO schools are private, and as such they receive no state funding. They must find ways to make up the $$$ difference.

The second reason is a bit of speculation on my part but I'm willing to bet there are ppl here that agree w/ me.

 

[meggielou]

also, most of these schools put that deposit towards the first year's tuition, so if you actually go to the school (even though it's a lot of money), it doesn't matter much in the long-term.

 

[Vee]

since there are so few osteopathic schools (compared to allopathic ones) they try to discourage applicants from holding more than one seat at a time. therefore, most deposits are very high and nonrefundable.

 

[metalmd06]

I mean, NYCOM has a deposit of $1,500 dollars and I would have no problem shelling that out if I was accepted, but $3,000 seemed a little excessive. Do you guys think that as the gap closes between osteopathic and allopathic medicine and the numbers gradually equilibrate that oseteopathic schools will get rid of the hefty deposits?

 

[DrBowtie]

I mean, NYCOM has a deposit of $1,500 dollars and I would have no problem shelling that out if I was accepted, but $3,000 seemed a little excessive. Do you guys think that as the gap closes between osteopathic and allopathic medicine and the numbers gradually equilibrate that oseteopathic schools will get rid of the hefty deposits?

Not until the governing body sets guidelines like the AAMC.