Getting into a top-notch medical school can be an expensive venture. With tuition costs running upwards of $250,222 for a public university and $330,180 at a private institution, medical students often end up with huge student debt.
Thankfully, there are many ways to reduce your financial burden during medical school. Scholarships, grants, and loans can help you get through the four years without racking up a massive amount of debt.
1. University of Pennsylvania
If you’re looking for a highly-regarded college with a top-notch financial aid program, University of Pennsylvania is one to consider. This private Ivy League research institution is located in Philadelphia and offers a wide range of undergraduate and graduate programs, including undergraduate and professional degrees in education, engineering, law, medicine, veterinary medicine, dental medicine, business, communication, fine arts, and social work.
In addition to its academic credentials, the University of Pennsylvania is known for its high selectivity rates. Out of every 100 applicants, only six will be admitted to the university. This puts Penn at the same level of selectivity as Johns Hopkins, Duke, and the University of Chicago.
2. Johns Hopkins University
The Johns Hopkins University is a top-ranked private research university that offers a wide range of programs in arts and sciences, business, economics, international studies, engineering, education and medicine. Its 10 divisions are organized on campuses in Maryland and Washington, D.C. with international centers in Italy and China.
The school ranks eighth in the U.S. News Best Global Universities list, which relies on a number of different metrics to determine college rankings.
The annual list price to attend Johns Hopkins is $77,977 for students regardless of their Maryland residency status. This includes tuition, room and board, books and supplies and other fees.
3. Yale University
Yale is known for its prestigious academics and strong financial aid program. Its need-blind admission policy allows students to receive 100% of demonstrated financial need, regardless of citizenship status.
The university offers a variety of majors. The most popular ones include Social Sciences, History, Biological and Biomedical Sciences, Engineering and Mathematics and Statistics.
The university also has a strong music and drama program. Its colleges are cohesive and tight-knit communities with small class sizes and a 6:1 student-faculty ratio. The residential college system is a key part of Yale’s campus culture and serves as the backbone of social life for all freshmen.
4. University of Chicago
University of Chicago is considered a prestigious school with an impressive national reputation and a competitive financial aid program. Its cost is just a little bit higher than some of the top-tier schools like Harvard and Stanford, but it still provides excellent value.
The total cost of attending the University of Chicago includes tuition, room and board, books, supplies, transportation and other expenses. It varies by family income and financial need.
5. Columbia University
Columbia University is a top-ranked university that’s located in Manhattan, making it easy for students to gain a unique and immersive experience. With numerous programs in the arts, sciences, business, and more, it’s a perfect fit for many students’ academic interests.
While the tuition and fees at Columbia are a major expense, the school does provide financial aid to help cover those costs. It also offers many student activities and events to help students thrive at the university.
6. Stanford University
Stanford University is a top-tier university that attracts students from around the world. It is known for its high academic standards and tough admissions process, which is on par with Yale and Harvard.
Despite its high tuition, Stanford offers generous need-based financial aid to help students stay at the school. In fact, about 70% of students at Stanford receive some form of aid to cover their expenses.
7. Vanderbilt University
Founded in 1873, Vanderbilt University is a top-ranked, world-famous research institution. It is located in Nashville, Tennessee and enrolls students from around the world.
Despite its cost, Vanderbilt offers an outstanding academic experience and is widely recognized as one of the best colleges in the world. The school also has a reputation for providing exceptional student services, including financial aid and counseling.
Currently, tuition and fees at Vanderbilt for in-state residents is $56,966 per year. This includes academic instruction, but does not cover room and board.