![]() William Carey University College of Osteopathic Medicine ![]() Marian University College of Osteopathic MedicineĮdward Via College of Osteopathic Medicine Michigan State University College of Osteopathic Medicine West Virginia School of Osteopathic Medicine Nova Southeastern University Patel College of Osteopathic Medicine (Patel) Average public medical school debt: $200,000Īs of 2022, graduates from the following 15 medical schools left school with the highest amounts of debt compared to other schools: School.Average private medical school debt: $215,000.In general, private medical schools come with higher costs compared to public schools.Īccording to the AAMC, while only 71% of students at private medical schools graduate with education debt compared to 74% of students at public medical schools, the average private medical school debt is higher than the average public medical school debt: Student Loan Debt StatisticsĪnother factor in future student loan debt is where someone chooses to attend medical school. That’s an increase of 11%, without adjusting for inflation. Total education debt includes both medical school and pre-med debt taken on to earn a bachelor’s degree.Įxcluding pre-med debt and looking only at loans taken out for medical school, the median medical school debt at graduation is: That’s an increase of 5%, without adjusting for inflation. The chart above shows median total education debt for medical school graduates is: Source: AAMC Medical School Graduation Questionnaire Median medical school debt by year Graduation year ![]() While medical school graduates generally make six-figure incomes, accruing interest on high student loan balances could lead to a longer repayment time. This way, you can make the right decisions with your finances. Average time to repay medical school debt: 13 yearsīefore you attend medical school, it’s important to understand the full cost involved.Average salary with a medical school degree: $262,916.Median salary with a medical school degree: $208,000.Average education debt after medical school: $203,062.Here’s a look at the average medical school debt and earnings for graduates nationwide, based on information from the AAMC and the Bureau of Labor Statistics: Average salary with a medical school degree.How long does it take to pay off medical school debt?.Here’s the average medical school debt in several categories: Keep in mind that this cost doesn’t include any student loan debt students might have taken on for studies prior to attending medical school.Īlthough medical school graduates can generally expect to earn a six-figure salary, facing this massive amount of student loan debt can still be overwhelming. NMLS # 1681276, is referred to here as "Credible."Īttending medical school can be extremely expensive: As of 2021, 76% to 89% of medical school graduates leave school with an average of $203,062 in total education debt, according to the Association of American Medical Colleges. By refinancing your mortgage, total finance charges may be higher over the life of the loan.Ĭredible Operations, Inc. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Our goal is to give you the tools and confidence you need to improve your finances.
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