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Health Professions Scholarship Program (HPSP) SFC Joseph Manos SSG Jason DiGangi.

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Presentation on theme: "Health Professions Scholarship Program (HPSP) SFC Joseph Manos SSG Jason DiGangi."— Presentation transcript:

1 Health Professions Scholarship Program (HPSP) SFC Joseph Manos SSG Jason DiGangi

2 Medical Student Career Trajectory Medical StudentMedical ProfessionalMedical Resident 1 to 4 years, Sponsored by the US Army 3 to 7 years, at Military or Civilian Residency programs FYGME Active Duty Service

3 Costs of Medical School AAMC Tuition and Student Fees Report (139 schools) ResidentNon-Resident Tuition:51,16467,846 Fees:12,74221,915 Insurance: 5,232 5,232 Housing:11,40011,400 Food: 3,600 3,600 Gas/Misc: 2,400 2,400 Yearly Total: 86,538112,393 4 Year Total:346,152449,572

4 Cost of Student Loans 4 Principal:$300,000 Interest:5.91% Loan Term:30 years Monthly Payment:$1, Total Payback:$641,278.66

5 Features and Benefits of HPSP  RECEIVE FULL TUITION  BOOKS & FEES  RECEIVE MONTHLY STIPEND OF $2,178.90: Payments will be provided for 10 ½ months of each school year.  ARMY OFFICER PAY: For the remaining month and a half of the school year, you will receive the full pay and allowances offered a Second Lieutenant

6 Pay while in Medical School $2,179(Stipend) x 10.5 months:$22, $2, (ADT) x 1.5 months:$4, $1, (Housing) x 1.5 months:$1, $ (Subsistence) x 1.5 months:$ Total pay and allowances per year:$ 29, Total pay and allowances for 4 years:$117,220.00

7 Medical Student Career Trajectory Civilian Residency: Participants will be promoted to Captain and receive an Educational Delay for the residency training period. No sponsorship is given during the civilian residency. Upon completion of residency training active duty orders will be issued % first time board pass rate Military Residency: Participants will be promoted to Captain, be assigned as a active duty Soldier to a U.S. Army Medical Hospital in a Graduate Medical Education program. 11 teaching hospitals; 25 specialties; 68 residencies; 57 fellowships 95% first time board pass rate 100% pass rate for 14 specialties last 5 years Medical Resident 3 to 7 years, at Military or Civilian Residency programs

8 8 Pay While in Civilian Residency AAMC Residency Stipend Report PGY1:$48,460 PGY2:$50,361 PGY3:$52,425 PGY4:$54,541 Total for 4 year Residency: $205,787.00

9 Pay While in Army Residency $4, (Captain) x 12 months: $ 59, $2, (Housing) x 12 months: $ 26, $ (Subsistence) x 12 months: $2, Total pay and allowances per year: $88, Total for 4 year Residency: $353,238.40

10 HPSP Summary 100% of Books, Tuition, Fees, Insurance Paid Zero Student Loan Debt Over the course of 4 years of medical school and a 4 year residency you could earn up to $469,

11 Questions SSG Jason DiGangi O: C: SFC Joseph Manos O: C:

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