<p>I know it varies from college to college, but I'm just looking for a ballpark answer to see about how much I'll have to save. I'm looking to go to a prestigious medical school, too. Thanks in advance, and any information helps!!</p>
<p>Private medical schools have annual tuition around $40,000-$65,000 year. Tuition at state (public) medical schools run around $20,000-$35,000/year for in state students. </p>
<p>Then add in cost of living expenses (rent, meals, clothing, transportation, insurance, books, laptop and tablet computer)—easily another $15,000-$25,000/year.</p>
<p>Since very little merit aid is available, you’ll need anywhere from $160,000 to $300,000.</p>
<p>average debt after the first four years of med school = $150,000</p>
<p>Visit the AMA (American Medical Association) website and go the the “so you want to be a doctor” type of link and there is lots of information available.</p>
<p>jhu…unless you or your family has the means to pay for med school, it’s more likely that you will be taking out loans for med school. If you’re a typical undergrad, it’s highly unlikley that you could save enough to put any real dent in your med school costs. </p>
<p>How are you paying for undergrad?</p>
<p>In a perfect world, you would be in a position to get in-state status in a state where there are a few affordable medical schools. That may take a few years, and start with transferring every official document and address over to that state. The rules for in-state residency vary greatly from state to state, but may ease up once you are graduating from college or pass a certain age.</p>
<p>Frankly, even instate med schools are not cheap when you factor in tuition, fees, supplies, room, board, books, etc. Certainly not cheap enough for a typical young undergrad to save enough to pay for the costs.</p>
<p>Our instate public med schools are rather.low in cost (as publics go) - but still…</p>
<p>Medical School 2011-12 - Instate tuition
Year…Tuition … Fees … Bks/Supp … Liv Exp … Cost
1st … $22,128 … $3,614… $2,300 … $16,444 … $44,486
2nd … $22,128 … $3,141… $1,175 … $18,019… $44,463
3rd … $22,128 … $3,050… $2,200 … $21,227… $48,605
4th … $22,128 … $3,000… $1,175 … $18,389 … $44,692</p>
<p>Of course, no one can count on getting into one of their instate publics.</p>
<p>^^^mom2 and I have had this discussion. </p>
<p>I live in a state whose med school is ranked as among the top 3 “most affordable” in the US. (D1 is MS1 this year.)</p>
<p>Instate COA --$40,415</p>
<p>That COA only allows $750/month rent+utilities+food for 11 months a year and doesn’t include stuff like mandatory cellphone or pager w/ service, professional upgrades to wardrobe or associated cleaning expenses, transportation costs to get to offsite clinical placements [required, starting the first year], travel expenses for residency interviews or living expenses during breaks.</p>
<p>^^^</p>
<p>Wow…that 750 per month is a very low estimate. My older son’s grad school costs will be higher than that…just the apt is about $700 per month…then you have all the other expenses.</p>
<p>UAB’s Liv Exp estimates, as you can see, are higher. I think the first year’s Liv Ex estimate is the lowest because of how the months are counted?? </p>
<p>And…I think the estimate includes the assumption that once in your apt, you’ll keep it til you graduate??? So, about $57k is the estimated LiveEx for the 4 years…so about $14k per year for living expenses.</p>
<p>Anyway…the point remains…a student is not likely going to be able to save the money to pay for med school.</p>