Less Common Ways to Decrease Medical School Costs
Students who like to volunteer may join the Peace Corps to reduce medical student debt. Becoming a doctor is an expensive career path. Among 2012 medical school graduates, 86 percent had debt. The median debt for indebted graduates was $170,000, according to a 2013 report from the Association of American Medical Colleges. “Debt levels for indebted medical school graduates and medical school cost of attendance have both increased faster than inflation over the last 20 years,” the report states. For prospective students who want an M.D. but don't want the student loans that often come with it, there's hope. There are a number of ways to offset the cost of medical education during and after school. 1. Plan to specialize in primary care: To lure prospective medical students into primary care – an area of medicine that often comes with long hours and a less-competitive salary – a number of schools offer schol...