ERIC Number: ED451815
Record Type: RIE
Publication Date: 2000-Jul
Financial Aid Policies and Practices at Medical and Dental Schools: Current Trends and Future Concerns. Synopsis: Higher Education Research Highlights.
Redd, Kenneth E.
The National Association of Student Financial Aid Administrators sponsored the 1998 Survey of Graduate Aid Policies, Practices, and Procedures (SOGAPPP), which asked aid administrators at graduate and professional programs to provide information on the types and sources of financial assistance they distributed to their students during the 1997-1998 academic year. About 56% of the dental schools in the United States participated in the SOGAPPP project, and 73% of the medical schools responded to the survey. Tuition and fee charges for medical and dental school education were quite high, especially at private colleges and universities. The median tuition price for private dental school programs of $29,022 was more than three times as high as the resident tuition at public institutions, and the $24,616 median tuition charge at private medical schools was more than twice as high as the public resident tuition and fee amounts. The difference between nonresident tuition and fee amounts at medical and dental schools was very small. Results of the SOGAPPP show that nearly all of the students in medical and dental schools borrowed to pay their educational costs. In 1997-1998, student loan funds accounted for nearly 90% of the financial aid received by dental school students and 82% of the financial aid received by those in medical programs. More than one-half of the total aid in both programs can in the form of higher interest Stafford Unsubsidized Loans and private/alternative loans. Many students who received their degrees from private dental schools in 1997-1998 had more than $115,000 in educational debt, and students from private medical schools had $92,000 or more. These figures do not include accrued interest from Stafford Unsubsidized and private loans, so the total loan indebtedness could be higher for many students. The SOGAPPP data do not provide information on the career choices of graduate and professional students, but it is possible that the high debt levels may reduce the number of new health care graduates who provide care to low-income or medically underserved communities. Future research should determine whether the heavy reliance on borrowing has any adverse effects on the U.S. health care system. (Contains 9 figures and 13 endnotes.) (SLD)
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: N/A
Authoring Institution: USA Group, Inc., Indianapolis, IN.
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