ERIC Number: ED098846
Record Type: RIE
Publication Date: 1974-Jun
Reference Count: 0
How Medical Students Finance Their Education.
Crocker, Anna R.
This report provides information on patterns of expense of students in the health professions and on the sources from which income was obtained, including any indebtedness incurred to finance the students' education. Findings indicate the proportion of married students in each class varied from 35 percent for freshmen to 65 percent for seniors. Slightly more than one half of all medical students came from families whose total annual income before taxes was less than $15,000 in 1970. Marital status was the most important determinant in the amount of money needed by medical students for their annual expenses. Average annual expenses were $4,295 for single students, while expenses for married students averaged $6,919. Expenses for students in private medical schools were nearly $1,200 higher than expenses for students in public schools. Nineteen percent of medical students' total income was derived from their own earnings and savings and an equal proportion came from a variety of loan sources. Nearly 22,000 medical students reported loans totaling $41.8 million for their professional education. The proportion of medical students who worked varied from 26 percent for single students to 44 percent for married students with one child. Sixty-five percent of all medical students had debts, which averaged $4,289 in 1971. Statistical data and detailed findings are included in the report. (MJM)
Descriptors: Costs, Educational Finance, Health Occupations, Higher Education, Married Students, Medical Education, Medical Students, Single Students, Statistical Data, Student Costs, Student Loan Programs, Tuition
Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 (Stock No. 1741-00078, $1.50)
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Health Resources Administration (DHEW/PHS), Bethesda, MD. Div. of Manpower Intelligence.