Medical school loan burden may deter minority, rural students from pursuing medicine
Residency Program Insider, April 28, 2017
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In 2014, the average medical school student graduated with more than $170,000 in loan burden, which is 3.5 time greater than a student who graduated in 1978, when adjusted for inflation. This high loan burden may discourage students from lower-income families, underrepresented minority groups, and rural communities from considering a career in medicine.
For example, about 18% of black and 24% of Hispanic high school sophomores said they wanted to apply to medical school, according to an Association of American Medical Colleges report, yet only about 7% and 24% actually applied. The high loan burden may also discourage students in lower-income rural communities from entering medicine, which in turn furthers the health professional shortages affecting 77% of rural U.S. counties.
Source: AMA Wire
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