Medical Student Scholarships, Tuition, and Indebtedness Samuel Matheny M.Ed., MA (financial economics) Director, Student Financial Services

RankAMCRankAMC 1Johns Hopkins University11Yale University 2 UC - San Francisco 12 University of Michigan 3Washington University - St. Louis13 University of Pittsburgh 4University of Pennsylvania14Baylor College of Medicine 5UCLA15 Cornell University 6Duke University16 University of Chicago 7University of Washington17 Vanderbilt University 8Harvard University18 UC - San Diego 9 Columbia University 19 Emory University 10Stanford University20 Northwestern University Top 20 Academic Medical Centers

Ohio State v.s. Top 20 Academic Medical Centers Scholarships

Ohio State v.s. Top 20 Academic Medical Centers Tuition and Fees

Ohio State v.s. Top 20 Academic Medical Centers Loan Indebtedness

Reasons for Medical Student Scholarships Become a top 20 Academic Medical Center Become a top 20 Academic Medical Center Attract the best students Attract the best students To encourage or assist: To encourage or assist: Financial Need Financial Need Leadership Leadership Professionalism Professionalism Academic Merit Academic Merit Research Research Medical Students have high interest debt Medical Students have high interest debt 6.8% Federal Stafford loans 6.8% Federal Stafford loans 7.9% Federal Grad PLUS loans 7.9% Federal Grad PLUS loans

Medical Students have high interest debt Mr. Average Student borrows $140,000: Mr. Average Student borrows $140,000: Med 1- 35,000 Med 1- 35,000 Interest for 4 years= $8500 Interest for 4 years= $8500 Med 2- 35,000 Med 2- 35,000 Interest for 3 years= $6000 Interest for 3 years= $6000 Med 3- 35,000 Med 3- 35,000 Interest for 2 years= $3500 Interest for 2 years= $3500 Med 4- 35,000 Med 4- 35,000 Interest for 1 year= $1500 Interest for 1 year= $1500 Residency Residency Interest for 3 years= $30,500 Interest for 3 years= $30,500 Total interest accrued= $50,000 Total interest accrued= $50,000 Mr. Average Student owes $190,000 as a physician Mr. Average Student owes $190,000 as a physician