With med schools going debt-free.. expansion into other fields?

[Anonymous]

Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

[Anonymous]

No. I think one reason medical school went this way is to return medicine to being a service profession. It is hard to serve in primary care or underserved areas with huge loming debt. New graduates can easily be swayed to higher paying sub specialties.

[Anonymous]

In countries like India, you start medical school after 12th grade and by the time you graduate in 4 years, you are an MD.

Even if medical school is debt-free, the YEARS that you devote to become a doctor in this country with a piss poor stipend, the high bar to getting admissions and the diminishing returns due to increasing cost of insurance and how medicine is being practiced today - I wonder if it is worthwhile for the cream of students to venture into this field for financial reasons.

It will not expand to Law and Business because the name of the school is the cachet. In medicine, the name of the school does not matter as much as in Law.

[Anonymous]

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

[Anonymous]

Anonymous wrote:In countries like India, you start medical school after 12th grade and by the time you graduate in 4 years, you are an MD.

Even if medical school is debt-free, the YEARS that you devote to become a doctor in this country with a piss poor stipend, the high bar to getting admissions and the diminishing returns due to increasing cost of insurance and how medicine is being practiced today - I wonder if it is worthwhile for the cream of students to venture into this field for financial reasons.

It will not expand to Law and Business because the name of the school is the cachet. In medicine, the name of the school does not matter as much as in Law.

I don’t really love the idea of an MD being only 22 years old. Experience is a great teacher; I’d rather my doctor be older with, usually eight, sometimes six, years of schooling past secondary behind her.

[Anonymous]

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Maybe this is a sign of a impending policy shift from the higher-ups?
The future for doctors is getting bleaker and bleaker.
I predict that the wages of nurses and NPs will increase and start hitting the salaries of primary care.
With the advent of more DO schools, primary care may become the next pharmacy school.

If socialist healthcare policy passes, all med schools will need to become free or shorten total schooling time to attract applicants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

Oh the tragedy of having rich parents contribute to their child's graduate medical education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In countries like India, you start medical school after 12th grade and by the time you graduate in 4 years, you are an MD.

Even if medical school is debt-free, the YEARS that you devote to become a doctor in this country with a piss poor stipend, the high bar to getting admissions and the diminishing returns due to increasing cost of insurance and how medicine is being practiced today - I wonder if it is worthwhile for the cream of students to venture into this field for financial reasons.

It will not expand to Law and Business because the name of the school is the cachet. In medicine, the name of the school does not matter as much as in Law.

I don’t really love the idea of an MD being only 22 years old. Experience is a great teacher; I’d rather my doctor be older with, usually eight, sometimes six, years of schooling past secondary behind her.

Actually in India you only get an MBBS after 4.5 to 5 yrs after college, for an MD you have to complete your specialty training and write a thesis/research project (like completing fellowship in USA). Secondly England/UK and many other countries (ie most countries in the world) have the system where doctors and lawyer study for these two professions right after high school (just like engineers).

[Anonymous]

Business school ? LOL.

[Anonymous]

Definitely not law schools. They are huge moneymakers that prop up the whole college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

+1.

It is absurd.

Colleges are GREEDY

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

+1.

It is absurd.

Colleges are GREEDY

???
"In almost all cases, graduate or professional students are considered independent students for the purposes of completing the FAFSA form. This means they generally are not required to provide parent information. This is the largest federal student loan program."
https://studentaid.ed.gov/sa/sites/default/files/graduate-professional-funding-info.pdf

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

It’s also untrue. Graduate students are considered to be independent, and thus are not required to report parental information on fafsa.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cornell just announced that its medical school is now going to be debt-free.. do you think this will be a trend in top schools and/or expand to law or business?

Debt free to those who qualify for financial aid. They'll likely still consider parental income/assets to make financial aid determination. That still leaves a huge segment of potential students uncovered. Many parents tell their kids they are on their own for grad schools, and those students are on their own but still burdened with their parents' assets counting against them.

NP I didn’t realize that, that’s terrible!

It’s also untrue. Graduate students are considered to be independent, and thus are not required to report parental information on fafsa.

Nope, parental income does factor into some med school aid determination.

Different than when we went to grad school.