The chance to finish medical school early is attracting increased attention from students burdened with six-figure education loans: The median debt for medical school graduates in 2013 was $175,000, according to the Association of American Medical Colleges. This year, the combined cost of tuition and fees for a first-year medical student ranges from just over $12,000to more than $82,000. (Washington Post Article, January 13, 2014)
The idea to decrease the number of years in a typical medical school tenure from four years to three years was reported in a 2010 Carnegie Foundation report summarizing possible reforms in medical education and residency. Only a handful of the nation’s 124 medical schools have a three year option available for their students including NYU and Texas Tech. However, there are opponents who worry about what might be missed by those who only do three years of school instead of the traditional four year model.
Whatever your opinion, it’s definitely food for thought for those interested in pursuing a career in medicine.