- Bachelor's degree, in-state public
- About $11,000 to $15,000 a year in tuition
- Medical school
- About $40,000 a year at an in-state public school, closer to $65,000 private
- MCAT (Medical College Admission Test)
- Around $345 for the exam, plus $3,000 or more applying and traveling to interviews
- Licensing exams
- Three steps of the United States Medical Licensing Examination, each several hundred dollars
- Board certification
- A further exam from the American Board of Psychiatry and Neurology after residency
- Roughly, all in
- $195,000 to $330,000
Tuition, fees, exams and kit. Not rent, food or travel
The low end is two years at a community college, two years finishing a bachelor's degree at a public university in your own state, then a state medical school at about 40,000 dollars a year. The high end is a full four year bachelor's degree plus a private medical school closer to 65,000 dollars a year. Both ends include the medical school admission test, around 345 dollars, the 3,000 dollars or more it takes to apply and travel to interviews, the three steps of the national licensing examination, and the neurology board exam at the end. Residency is paid work, so it adds no tuition, but the loans keep growing through it, and most graduates who borrow finish near 200,000 dollars in debt.
Medical graduates who borrow typically finish around $200,000 in debt. If you work for a nonprofit hospital or a university, the Public Service Loan Forgiveness program can clear the balance after ten years of payments.