Medical Schools With Debt-Relief Programs

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According to the Association of American Medical Colleges, the median debt for medical school graduates is $200,000.  Some medical school graduates are saddled with over $400,000 in student loan debt.

Over the last 3 years, several U.S. medical schools have established debt-relief programs for medical school graduates.

Here is a list of these medical schools:

  • Weill Cornell Medicine
  • Icahn School of Medicine at Mount Sinai
  • New York University
  • Columbia University Vagelos College of Physicians and Surgeons

Of these schools, NYU will cover all tuition regardless of financial need.

Needless to say, the competition to gain admission into these schools will increase as a result of these programs.

 

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Dr. Paul Reginald Lowe, founder and managing director of Pinnacle Educational Center Admissions Advisors Group, provides comprehensive counseling advice, exclusively for admissions to top private schools; Ivy League and highly-selective colleges/universities; BS/MD programs; graduate and medical schools and top visual and performing arts programs.   Its medical school admissions affiliate: Medical School Admissions Advisors. The admissions affiliate: Ivy League Admissions Advisors specializes in admissions to Ivy League and highly selective colleges,  Dr. Lowe also specializes in helping students who have been wait-listed, deferred or rejected gain admission into their top-choice schools: College Application Rejected. and student who wish to transfer to another college:  College Transfer Admissions Advisors.

Colleges with the Biggest Endowments

A colleges endowment is intended to support current and future generations of their scholars with the resources needed to advance knowledge, research, and innovation. As such, endowment funds are used for the school’s normal operations and activities, including education, research, campus renewal, faculty work, and student financial aid.

Here are the biggest endowments (as reported by each college – fiscal year ending on June 30, 2017):

  • Harvard – $37.1 Billion
  • Yale – $27.2 Billion
  • Stanford – $24.8 Billion
  • Princeton – $23.8 Billion
  • M.I.T. – $14.8 Billion
  • U Penn – $12.2 Billion

A published research paper: “Why University Endowments Are Large And Risky” by Professors Thomas Gilbert and Christopher Hrdlicka of Washington University’s Foster School of Business, shows that over the past 30 years, universities have chased higher returns on their endowments, leading them to take greater risks. More than 75% of assets in university endowments are now in risky investments, including but not limited to: equities, hedge funds, venture capital, private equity, non-campus real estate, natural resources and distressed debt.

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Dr. Paul Reginald Lowe is the managing director of Pinnacle Educational Center Admissions Advisors Group network. He and his team of admissions advisors, through the admissions affiliate, Ivy League Admissions Advisors help students gain admissions to Ivy League and high selective colleges and universities.

Top Colleges and Student Debt

College Financial Aid

Many expensive private non-profit four-year colleges try to keep student borrowing low by giving generous financial aid to undergraduates from lower-income families.  Among highly selective private non-profit colleges, Harvard University was the most successful in keeping federal student-loan debt low for its graduates who took out such loans.  Six Ivy League schools, including Harvard, were among the top 25 on that measure. The list below shows a school and the median debt for its graduates.

1.  Harvard U. – $6,500

2.  Duke U. – $7,500 | Princeton U. – $7,500

4.  Rice U. – $10,228

5.  Pomona College – $11,000

6.  Piedmont International U. – $11,326

7.  Cornell U. – $12,000

8.  Stanford U. – $12,475

9.  Amherst College – $12,975

10.  Haverford College – $13,000

11.  Grinnell College – $13,170

12.  Dartmouth College – $13,462

13.  Yale U. – $13,500

14.  Vanderbilt U. – $14,000

15.  California Institute of Technology – $14,350

16.  Bates College – $14,450

17.  U. of Chicago – $14,500

18.  Williams College – $14,583

19.  Franklin W. Olin College of Engineering – $14,710

20.  Claremont McKenna College – $14,968

21.  Brown U. – $15,000 | John Hopkins U. – $15,000

23.  Georgetown U. – $15,500

24.  Hamilton College (NY) – $15,760

25.  Middlebury College – $15,889

Source:  U.S. Department of Education, National Student Loan Data System

Keep this in mind as you make your plans for college admissions!

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Dr. Paul Reginald Lowe is the managing director of Pinnacle Educational Center Admissions Advisors Group network. He and his team of admissions advisors, through the admissions affiliate, Ivy League Admissions Advisors help students gain admissions to Ivy League and high selective colleges and universities.