Medical school tuition and young physicians' indebtedness

Health Affairs

Volumn 24, Issue 2, 2005, Pages 527-535

  Jolly, Paul ^a  

^a ASSOCIATION OF AMERICAN MEDICAL COLLEGES   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ARTICLE; CAREER; COST BENEFIT ANALYSIS; ECONOMIC EVALUATION; FAMILY; FINANCE; INVESTMENT; MEDICAL EDUCATION; MEDICAL SCHOOL; MEDICAL STUDENT; MEDICINE; PHYSICIAN; PROSPECTIVE PAYMENT; QUALITATIVE ANALYSIS;

COSTS AND COST ANALYSIS; EDUCATION, MEDICAL; FINANCING, PERSONAL; PHYSICIANS; TRAINING SUPPORT; UNITED STATES;

EID: 17244375163     PISSN: 02782715     EISSN: None     Source Type: Journal    
DOI: 10.1377/hlthaff.24.2.527     Document Type: Article

References (8)

1. The full report is P. Jolly, Medical School Tuition and Young Physician Indebtedness, March 2004, www.aamc .org/publications (14 December 2004).
2. Public schools generally have much higher tuitions for students who are not residents of the state; a few private schools have lower tuitions for students who are state residents. Only a single tuition value was reported for private schools prior to 1995-96. Figures reported for private schools are for nonresidents; for public schools, residents.
3. These and other student data in this report are taken from the Association of American Medical Colleges (AAMC) Data Warehouse. Data are collected in two annual surveys, the Matriculating Student Questionnaire and the Graduation Questionnaire.
4. Some support for this statement can be found in R.M. Hauser, "The Decline in College Entry among African Americans: Findings in Search of an Explanation," in Prejudice, Politics, and the American Dilemma, ed. P.M. Sniderman et al. (Stanford, Calif.: Stanford University Press, 1993), 271-306.
5. B. McInturff and E. Frontczak, "Medical School Applicant Survey," Unpublished report prepared for the AAMC by Public Opinion Strategies, 11 February 2004, available from the AAMC upon request.
6. The American Medical Association reports physician income in 2000 after expenses and before taxes as $175,000. Assuming that physician incomes have continued to keep pace with inflation, the estimated level for 2003 is $187,500.
7. Loan repayment computations are complicated by the mix of Stafford and alternative loans and by complex rules relating to capitalization of interest, deferral, and forebearance. These data were provided by the AAMC Medloans staff.
8. The mean grade point average (GPA) for medical school matriculants in 2003 was 3.62. According to Stuart Rojstaczer, who reports on grade inflation on his Web site gradeinflation.com (accessed 23 November 2004), the GPA in a collection of selective and not-so-selective colleges was 3.26.