How Much Does It Cost For Tuition and Fees?
The Board of Trustees sets the tuition and fee rates for the upcoming academic year every February. Below are the MD tuition and fees rates for 2012-13:
|Activity Fee||$89||per semester|
|Athletic Fee||$110||per semester|
|Immunization/Disability Fee||$67||per semester|
|Clinical Admin Fee||$50||per semester|
|Mental Health Fee||$58||per semester|
|Technology Fee||$67||per semester|
What Other Costs Will I Incur?
Each year the Financial Aid Office must estimate all normal expenses incurred by students in each academic program. In addition to tuition and fees, they include estimates for books, supplies, transportation, health insurance, food, rent, utilities, etc. This estimate is called the Cost of Attendance.
The estimated Cost of Attendance for the 2012-13 academic year (Fall 2012/Spring 2013) is approximately $78,000. This covers a 12-month period. When comparing costs at other programs, make sure you are comparing the same period of time.
How Much Should I Expect to Borrow for the Entire MD Program?
The average indebtedness for the students who graduated from the program in 2011 was $138,088. Some students borrowed more and some borrowed less.
Are There Programs That Can Reduce My Indebtedness?
Yes, there are a number of employment arrangements in which students can reduce their indebtedness after they complete their degree. Some of these include the National Institutes of Health, the U.S. military and state health agencies. Also, some healthcare facilities will offer loan repayment incentives to potential employees. These arrangements often require the employee to commit to employment for a specific number of years. Also, students who work for a non-profit healthcare facility may qualify to have the balance of their loans forgiven after 10 years of repayment through the Public Service Loan Forgiveness Program. See http://ibrinfo.org/what.vp.html#pslf