Information

Debt Card

 

October 2012

 

 
 

Medical Student Education:

 
 

Costs, Debt, and Loan Repayment Facts

   
 

Indebted Graduates, Class of 2012*

   
 

 

All

Private

Public

Quillen COM

   
 

Mean

$166,750 (↑3%)

$183,066 (↑4%)

$155,978 (↑4%)

$132,337

   
 

Median

$170,000 (5%)

$190,000(↑6%)

$160,000 (↑3%)

$150,000

   
 

Education Debt of:

          All            Private            Public          Quillen COM

   
 

$100,000 or more                46 of 60

           79%            80%               78%                 77%

   
 

$150,000 or more                35 of 60

             62%           67%               59%                 58%

   
 

$200,000 or more                  2 of 60

             36%            48%               29%                  3%

   
 

$250,000 or more                  1 of 60

             17%            27%                10%                  2%

   
 

Graduates with Educational Debt

              86%            84%               88%                  97%

   
 

Graduates with Premedical Educational Debt:     36%

 

36%

   
 

Median Premedical Educational Debt:                      $20,000 

 

$20,000

   
 

Graduates with Non-Educational Debt:                 25%

 

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Median Non-Educational Debt:                                  $9,000

 

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*Source: FIRST analysis of AAMC 2012 Graduation Questionnaire (GQ) data. Education debt

   
 

 figures include premedical/college education debt. Non-education debt includes car, credit card,

   
 

 residency relocation loans, etc.

   
 

Cost of Medical School, M1 In-State, 2012-13

   
 

 

 

Private

Public

Quillen COM

   
 

Median Tuition & Fees

$50,309 (↑4%)

$32,414(↑5%)

$27,849

   
 

Median cost of Attendance

$72,344 (↑4%)

$53,685 (↑5%)

$46,121

   
 

 Source:AAMC Tuition and Student Fees Survey. Based on the 74 public schools and 52 private

   
 

 schools for which data are available.

   
 

Resident/Fellow Stipends

   
 

 

 

 

Approximate Monthly

   
 

 

 

Median Stipend

Income-Based Repayment Amount

   
 

1st Post-MD Year

 

$49,651

$411

   
 

2nd Post-MD Year

 

$51,428

$433

   
 

3rd Post-MD Year

 

$53,454

$459

   
 

4th Post-MD Year

 

$55,750

$487

   
 

 Source: Preliminary data from 2012 AAMC Survey of Rsident/Fellow Stipends and Benefits and

   
 

 AAMC analysis.

   
               
   

www.aamc.org/services/first