MSTP is not a financially good decision in the long run if one just wants to practice medicine. The median physician salary is more money in a year than the entire PhD phase.
isn’t too bad when comparing to also-single-digited HYP acceptance rates…LOL.
The title of this thread is “Merit scholarship for Med school”, so free-ride in MD/PhD is not off the topic…no one said it is easy to get into HYP (undergrad) LOL…
As “iwannabe_Brown” pointed out, MD/PhD is not a financially good decision…similarly…Med school is not a financially good decision either, one could get a six-figure pay check by working in IT for couple years (without even a college degree). A 19-year-old kid just got hired in cyber security field with six-figure salary (a high school grad and a hacker for some time).
@thumper1 I didn’t sense that the author of original article was suggesting that a big merit award was common at all or in reach of most students entering med school. Rather was just speaking of the rare few who were fortunate and traits they possessed in common.
@WayOutWestMom thanks for the insight on MCAT percentiles and what the deep pocket schools have announced they plan to do (shifting aid from merit to need).
Found these two articles interesting in light of the discussion.
https://www.businessinsider.com/nyu-medical-school-free-tuition-reactions-by-medical-schools-2018-8
Noted the quote from Johns Hopkins that finding a way to provide a tuition free medical education (presumably via philanthropic support) has been “a priority for some time”.
You could look at it that way, except of course you’re talking about the NATIONAL acceptance rate for a highly self selective group of students vs a couple institutions pulling from the entire high school grad population. AThe barrier to apply to HYP is much lower. I doubt that 60% of the applications to MSTPs are flat out not qualified for the program in the way it is for HYP. I’m extrapolating from the Cornell AO who posted on reddit that 40% of their applicants are good enough to be admitted. If anything HYP probably get more apps on a whim/prayer than Cornell does because of their brand recognition. A final nail in the coffin on this, that 8.8% is after all of the waitlist shuffling. The numbers you are referencing for HYP are pre waitlist and do not account for the students who get admitted after they poach students from each other or lose kids to Stanford, Duke, and the rest of the top schools.
Except I think it is off topic because it’s an entirely different training program with different requirements and a separate admissions committee from MD only. I think it’s bad advice to discuss it in a discussion on merit aid for medical school not only because simply paying your way for medical school is a financially better decision but also because it’s even less realistic to view setting yourself up to be competitive for MSTP admissions as a way to get merit aid than it is to just try and get merit aid for med school.
Thumper asked what the admissions rate was so I answered that and provided the med school rate as a comparison. I didn’t think anyone was trying to say it was easy.
Mayo has historically provided full or half tuition scholarships for most of its incoming students. These scholarships were funded by alumni (individually and collectively) as part of Mayo’s “pay it forward” ethos.
The article about NYU is behind a paywall. But generally the reaction to NYU’s free tuition promise has been vey mixed, with some viewing it a USNew ratings stunt, esp. in light of the fact that students at the NYU’s Long Island campus (which hosts a 3 year primary care program) aren’t covered by the tuition promise.