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Thursday, March 4, 2010

Medical School Budget Cuts and Offshore Implications

A great article in Insider Higher Ed discusses budget cuts that are taking place at many US medical schools. It is widely known that, in 2006, medical schools planned to increase enrollments by 30% to address the looming doctor shortage. Because of the prolonged recession, however, many schools have fallen short of this goal. Some schools no longer plan to increase class sizes while others, including Pritzker which is mentioned in this article, are reducing class sizes.

In the past, the federal government has increased loan amounts for certain offshore medical schools. The hope is that financing the medical educations of more US citizens will translate into an increased number of primary care physicians practicing in the United States

For example, 81% of Ross Medical School's revenue comes from federal student loans (Click Here for the source of this data). With hundreds of graduates annually, some Caribbean medical schools are producing more doctors than any US medical school or state.

Read the Inside Higher Ed article here.

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