- Bachelor's degree, in-state public university
- Roughly $11,000 to $16,000 a year in tuition and fees
- Medical school, four years
- Commonly $40,000 to $70,000 a year all in, less at a public school in your own state
- Admission test, applications and interviews
- $3,000 to $8,000 over an application cycle
- Licensing exams and board certification
- $695, $695 and $955 for the three steps of the national licensing exam, then several thousand more for board exams
Roughly, all in
$200,000 to $360,000
Tuition, fees, exams and kit. Not rent, food or travel
The low end is a community college start, a bachelor's degree finished at a public university in your own state, and a medical school in your own state at the cheaper end of $40,000 a year. The high end is four full years of undergraduate study at $16,000 a year plus a medical school nearer $70,000 a year all in. Add $3,000 to $8,000 for the admission test and applications, $695, $695 and $955 for the three steps of the national licensing exam, and several thousand more for the eye surgery board exams. Residency is paid and, at a university hospital, those four years count toward the ten years of payments needed for federal loan forgiveness if you stay in nonprofit or academic practice.
Most graduates borrow, and the debt is large. Fill out the FAFSA (Free Application for Federal Student Aid) every year. Training at a university hospital counts toward the Public Service Loan Forgiveness program, so four years of residency can go straight onto the ten years of qualifying payments if you then stay in nonprofit or academic practice.