Tackling the Problem of Medical Student Debt
Thursday’s announcement from the University of California, Los Angeles, of a $100 million medical student scholarship fund should inspire all of us to question the fact that medical education in the United States is paid for largely by student debt.
The new merit-based scholarships, established by entertainment executive David Geffen, will cover all educational, living and even some travel expenses for a fifth of next year’s entering medical school class, some 33 students. Mr. Geffen and school officials hope that eventually the school will be able to pay for all medical students and free them from the obligation to take out student loans.
The magnitude of the problem is thus:
The median annual tuition, or yearly cost for attending classes, is now more than $32,000 at public medical schools, and more than $50,000 at private institutions. And medical students must also pay for textbooks, equipment, room, board and travel expenses, adding $20,000 to $30,000 to each year’s expenses and pushing the total four-year cost of attending medical school to more than $200,000 at public institutions and close to $300,000 at private schools.
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Really, there doesn't seem to be any limit to the damage done by government. The escalating cost is happening not only by easy money available from government for education, but a vast money printing scheme to float a deindustrialized society a la NAFTA. This economy cannot be floated endlessly. The people in charge were hired by the international bankers to destroy the government, our economy and all institutions. Medicine is a big target on the list for the globalists. Death panels are their ultimate goal.
New doctors now have the privilege of going massively into debt then working for the socialist government health system. A soulless system that will charge you a thousand dollars for a band aid.