Medical Student Scholarships, Tuition, and Indebtedness

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

2. Top 20 Academic Medical Centers

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

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

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

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

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