Apply for scholarships to stemma every stage of your checkup education to eliminate both(prenominal)(a) of your student debt.
Sometimes earning an undergraduate degree is only the beginning of a student's educational goal. Thousands of saucy college students start inform every socio-economic class with the ultimate hope of an advanced degree—and few of those degrees bring in the mystique of an M.D.
Unfortunately, there are as well few educational paths that grow a price tag and time commitment kind of as large as medical school. While new doctors will graduate into a profession with plenty of earning potential, they also tend to leave their seven to eight historic period of school with far higher debt than about graduates. Seventy-nine percent of med students graduated in 2012 with education debt of $100,000 or more, according to the Association of Ameri commode medical checkup Colleges.
[Explore new options for repaying med school loans.]
To help offset some of your potential debt, you can turn to scholarships every step of the way, from undergrad to resident. It will come as no surprise that since medical schools themselves are highly competitive, so are their scholarship competitions. gain vigor the criteria and start your applications early so that when you can finally knell yourself "doc," you can enjoy the fruits of your labor instead of shelling come tabu m nonpareily to loan companies.
If you're heading into your junior or senior(a) year of college next year and you're planning on a career in health or medicine, you can rehearse for the Gallagher Koster Health Careers Scholarship, which will award five $5,000 scholarships to students who apply by May 3. Students in a wide variety of healthcare-related major league—from biology to nursing to child development, and more—are invited to apply, as long as they anticipate graduating between leakage of 2014 and spring of 2015.
The Palo Alto Foundation Medical Group is ace of a number of more locally focused organizations that give out pre-med scholarships, and its awards are among the largest. The scholarship pays out $20,000 over five years to its recipients, who must be high school seniors from one of the foursome California counties served by the foundation. It's an amazing opportunity if you live in the area; if not, you should spend a day or two talking to your own local and regional clinics and health foundations to reckon out close similar programs.
[Get tips on selecting premed coursework.]
For students who fall in finish their undergrad education and are entering medical school, the theme Health Service Corps Scholarship is a potentially attractive option. Much like teachers, future doctors can have their tuition, fees, and a living stipend paid by the national government.
In return, students pledge to practice after graduation in a "high-need," often low-income community. If you participate in the program, you promise to work for one year in a "Health Professional shortage Area" for each year of assistance you receive. If you're concerned about graduating with debt, it's an excellent option; the 2013 application cycle will splay later this month.
If you don't go the federal route when you enroll in medical school, you should check out the scholarships provided by the American Medical Association, which include the $10,000 Minority Scholars and Physicians of Tomorrow awards. Note that you'll need to be nominated by your school for these programs; make sure and meditate your adviser so you don't miss out!
[Decide between an M.D. and a D.O. with these tips.]
While you're there, find out about your school's need-based awards (which most med schools offer), and see if yours is one of the smaller number of institutions (like Washington University in St. Louis and Vanderbilt University) that offer virtue aid to med students.
Finally, there are a couple of programs that can help you out as you get closer to abode and practice. The Association of American Medical Colleges' Nickens Student Scholarship provides $5,000 to large third-year students who have shown leadership in addressing healthcare inequities. And, if you're looking at to get your foot in the door at America's most famous health-care provider, the Mayo School of Graduate Education offers $2,500 renewing scholarships and $1,000 departmental scholarships for clerkships at Mayo Clinic hospitals.
Matt Konrad has been with Scholarship America since 2005. He is an alumnus of the University of Minnesota and a former scholarship recipient.
Materials taken from US News
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