- Bachelor's degree, in-state public
- Roughly $11,000 a year in tuition and fees, 4 years
- Medical school, in-state public
- Commonly $30,000 to $50,000 a year, 4 years
- Medical school, private
- Often $65,000 a year or more
- Admission test, applications, interviews
- $3,000 to $8,000 over the application year
Roughly, all in
$160,000 to $340,000
Tuition, fees, exams and kit. Not rent, food or travel
The low end is a community college start into a public university in your own state for the bachelor's degree, about $11,000 a year, then a medical school in your own state at the cheaper end of $30,000 a year. The high end is four full years of undergraduate study plus a private medical school at $65,000 a year or more, with $3,000 to $8,000 for the admission test, applications and interviews and several thousand more for the licensing and board exams. The five to six years of residency and fellowship are paid hospital jobs, so they add no tuition, but interest builds on the loans throughout. Most teaching hospitals are nonprofits, so residency years count toward the ten years of payments that cancel federal student debt.
Roughly $160,000 to $340,000 in all, and most graduates borrow. File the FAFSA (Free Application for Federal Student Aid) each year. Residency salaries count toward the Public Service Loan Forgiveness program if your hospital is a nonprofit, which most teaching hospitals are.