Average Cost of Medical School 2011

A doctor of medicine degree can be very expensive. Most medical school students have large financial debts when they graduate. From $75,000 in 1996, the average educational debts of medical graduates have risen to a whopping $250,000 in 2011. One-third of graduates of private medical school have financial debts of $300,000. The expenses include the ever-increasing tuition fees, housing, food and books. To meet the documented need to add up to the amount managed by the students and their parents, the former is forced to avail substantial loans, which takes about 7 years to be repaid after he or she becomes a physician.