University to provide $100 million in medical school scholarships

Residency Program Insider, April 26, 2019

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Washington University School of Medicine has made a goal of having its medical students graduate with as little debt as possible. The St. Louis-based university is showing its commitment to this goal by offering $100 million in scholarships over the next 10 years. The scholarship program will begin with the 2019-2020 class. According to a press release from Washington University School of Medicine, the program will allow as many as half of its future students to attend tuition free; it will also allow for many other students to receive partial scholarships.

The average debt of Washington University School of Medicine graduates over the past five years was $99,088, versus a national median of $166,239. In four of the past five years, the School of Medicine has ranked second lowest nationally in average medical school debt. The medical school also freezes students’ tuition, so they pay the same tuition rate all four years of medical school.

“Some scholarships will be based on financial need and some on merit or even a combination of the two,” says Eva Aagaard, MD, senior associate dean for education and the Carol B. and Jerome T. Loeb Professor of Medical Education explained. “Ultimately, the scholarships will help us build a class that reflects our school’s values and allows us to educate the very best future physicians so that they will go on to have an indelible impact on health and society. We intentionally have not earmarked a certain amount to financial need or educational merit because our goal is to recruit high-caliber students who are passionate about—or who show great potential for—improving health care in the community and across the world.”

Source: Washington University School of Medicine

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