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This is what the tuition insurance is for, I think.</p>
<p>Granted, the students may be performing well academically at the UG level. But how do we know they will like the life style of a physician once they learn what that kind of life really is? It is not a surprise that some “life style” specialty that has little to do with saving people’s life is highly sought after.</p>
<p>About 40 years ago I was told that since it cost approximately $1 million a year to train a doctor they had to be almost 100% sure when they admitted a student that he/she would graduate. I’m sure it costs a lot more today. I wonder if there are statistics on what % of students admitted to Med school graduate. </p>
<p>Wow, the $1 million a year number is high. I know we had to pay more (an added fee) for undergraduate engineering for our kids but that was because of labs , research facilities, etc. </p>
<p>81% of medical students graduate in four years:</p>
<p><a href=“https://www.aamc.org/newsroom/aamcstat/,a=379920”>https://www.aamc.org/newsroom/aamcstat/,a=379920</a></p>
<p>a million a year? are you sure? who is subsidizing? </p>
<p>I would think maybe one hundred K per year.</p>
<p>Page 10 says it cost society $112,000 to educate a first year medical student :</p>
<p><a href=“https://www.econ.berkeley.edu/sites/default/files/roth_nicholas.pdf”>https://www.econ.berkeley.edu/sites/default/files/roth_nicholas.pdf</a></p>
<p>It looks like it might be about $1 million total cost for medical school and residency.</p>
<p>The Federal Government contributes $11.5 billion a year through Medicare and Medicaid to support resident training at teaching hospitals, while states added almost $4 billion more:</p>
<p><a href=“http://www.healthaffairs.org/healthpolicybriefs/brief.php?brief_id=73”>http://www.healthaffairs.org/healthpolicybriefs/brief.php?brief_id=73</a></p>
<p>I know exactly 2 that did drop out so that is why I thought it was not a sure thing.</p>
<p>I just glanced at it but some of this figure seems to be related to lost opportunity cost for income by being in school, length of time to be fully productive , etc . Every profession has costs, particularly things like engineering because of the facilities needed. I’m guessing it costs more to educate the average engineer than the average English major, for instance , at the undergraduate level… That seems to be part of the reason there is an added fee at many colleges these days for engineering. Going to medical school is a choice and is always going to involve sacrifices of time and resources-no way around it. </p>
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<p>You may not agree with California’s college financial aid policies, but you should realize that, for low EFC families, UC does cost more than the local CSU (although a student living at a non-local CSU costs more than UC), based on net price calculator results. So there is certainly a cost to the student/family to attend a non-local school over a local CSU, although not necessarily as large as the list price difference. Of course, starting at a local community college would be even cheaper.</p>
<p>Of course, a student who does not get admitted to UC may only have the CSU or community college options.</p>
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<p>Why do Alabama universities offer large merit scholarships to high-stat students (including non-residents, who can then afford to attend a non-local Alabama university) even though there are low quality K-12 schools in Alabama?</p>
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I’ve wondered about this. Why does Alabama offer such generous merit pkgs to OOS kids? </p>
<p>@mom2collegekids, you are a big proponent of Bama. Do you know the rationale behind this?</p>
<p>“Why do Alabama universities offer large merit scholarships to high stat students(including non-residents.)” I’m guessing they want to improve their ranking which could translate to more funding and research dollars? The major schools in California, Virginia, Michigan,etc. don’t seem to have to give out merit aid to attract students but some states may have to in order to enhance their profile? Most states probably see the K-12 system as a different issue than their university systems.</p>
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I am guessing they are a red state (at least compared to California, which is no doubt a blue one.) In such a state, the intra-state Robin Hood phenomenon tends to be not that popular, but has more respects for somebody who is more self-reliant and is capable of “pulling himself up.”</p>
<p>Not related to this thread, last time I heard of it, California welcomes SOME OOS students (by lowerimg their admission standard) as long as parents are willing to pay the premium to have the UC name.</p>
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<p>that is what I would guess. My son and I actually had this convo a few days ago. His med school has super high OOS rates, but instate is reasonable (altho is has had serious increases in recent years…used to be really cheap.)</p>
<p>I am guessing that for a state med school, funds are coming from the state, the feds, maybe donors, and tuition? </p>
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I made an audible gasp at this. </p>
<p>I wouldn’t do this. I completely understand that my mom can’t give me everything I want in life, but never would I ever deny her the luxury she deserves when she no longer provides herself. I believe it is my job as her daughter to help her accomplish her goals and aspirations. BUT, at the same time, I understand that there are others that feel completely different.</p>
<p>So it goes both ways just like with parents who do and do not help pay for their child’s education. </p>
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<p>Montana actually has some good choices for college, i know folks from Wa, whose kids used WUE to attend schools in Montana.</p>
<p>I agree that reciprocal caring, has little to do with how much time and energy was spent on you.
You either care for them or you don’t.
Someone may have made sacrifices by spending their inheritance, plus 2nd mortgage, on your private schools, arranged their schedule to be a stay at home parent, so they could schlep you to your camps and lessons and slumber parties, and you still could grow up and have virtually no contact with them.</p>
<p>My parents (divorced) did very little to help with the education of their 5 children. I don’t think any of us decided not to help them in their old age, but it worked out that way. Since we had long, slow starts to careers, this often meant we moved away to get on with our lives, and we focused on our work, friends, and nuclear family. Consequently, most of us missed my father’s funeral (let alone his decline). We are more involved with my 85 y.o. mother, but only one lives in the same state; the rest are at least a full day’s drive away.</p>
<p>In turn we all have supported our children’s education to the best of our ability because we know how hard it is for an 18 year old to manage the whole thing of classes, job, bills for cars or housing, and so on. </p>
<p>I do know people that won’t pay more than in-state rates…the kids can go where they want but the parents are only paying in-state rates. They think it “frills” to go somewhere else. So one kid went to the state flag ship and the other one went to a state U one state away that had similar pricing.</p>
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If I was a college student whose parents refused to help with expenses, I believe I would be less inclined to help them as they age.</p>
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<p>Maybe the thinking is that if a parent can help, but doesnt because it is “their money” to do what they want, then the later-adult-child is going to think the same way… you reap what you sow.</p>
<p>Certainly the parents who truly cant help, but are at a minimum emotionally supportive, shouldnt be “punished” by being unsupported, if needed, as they age.</p>
<p>Families who have the “you are 18 years old, so no more support…you are on your own no matter what needs/hardships come your way” attitude cant really be surprised if their adult-children think that same way when the parents are in their 80s and need some help.</p>
<p>Yes, that is exactly what I meant. And let’s not be naive - there are plenty of families where the adult children live far from their elderly parents and have minimal involvement in assisting them as they age. Not saying that it always stems from how college expenses were handled, but that may in some cases be a factor in how the relationship played out over time.</p>
<p>^^^</p>
<p>It can stem from the message that was taught in regards to anything…college, illness, and so forth. The adult daughter with difficult pregnancies who received no attention from her nearby parents isnt likely going to be rushing to help her later aging parents whose arthritis prevents them from grocery shopping, etc. </p>
<p>Families need to be supportive no matter how old/young the members are.</p>