The Financial Cost Of Applying To Medical School

If you are currently applying to medical school you are probably encountering a harsh reality: it is not cheap. So what sort of expenses will you be looking at?

In this post I will break down exactly how much I spent during the entire med school application process from the MCAT to deposits holding an acceptance. This will give you an idea of the costs to apply and then plan accordingly. I’ll also toss in where I saved money, some of which I mentioned in this post.

The MCAT

  • MCAT Test Fee: $225
  • MCAT Practice Exams from the AAMC (3 at $35 each): $105
  • Lost wages due to giving up shifts to study: $360

Total MCAT Cost: $690

How I Saved Money

  • I chose to self-study as opposed to taking an expensive review course. $1500-$2000 in savings.
  • I borrowed the Examkrackers MCAT Complete Study Package from a friend. $110 in savings.
  • I used practice tests and material from the local library. $35 per test.

Primary and Secondary Application Fees

  • Applications to 7 MD schools through AMCAS: $346
  • Applications to 8 DO schools through AACOMAS: $390
  • Secondary application fees to 13 different medical schools: $1,110

Total Application Fees: $1,846

How I Saved Money

  • I chose not to complete secondary applications for 2 MD schools. Approx. $200 in savings.

Interview Costs (7 Interviews)

  • New Suit, Shirt and Tie: $220
  • Flights to 4 cites for 5 interviews: $823
  • Hotels (2 nights): $140
  • Rental car for one interview: $100
  • Gas money to the other 2 interviews: $50

Total Interview Costs: $1,333

How I Saved Money

  • One flight was free as I earned a voucher on a previous flight. $300 in savings.
  • At three interviews I stayed with student hosts instead of hotels. $210 in savings.
  • I turned down interviews to 2 DO schools and 1 MD school. Perhaps $1200 in savings.
  • I scheduled back-to-back interviews saving another flight. $400 in savings.

Miscellaneous Costs

  • Nonrefundable deposits to hold acceptance spots at two osteopathic schools: $2,000
  • Deposit to confirm acceptance at Creighton University: $100
  • Thank you notes with gift cards for everyone that wrote me a letter of recommendation: $55

Total Miscellaneous: $2,155

Grand Total: $6,024

Wow, that’s a lot of money. No doubt about it, applying to medical school is expensive. I feel like I did a lot to cut down on costs too. Adding up my potential savings comes to approximately $4,290.

Hopefully you can use this post to gauge how much you will spend to apply to medical school. I recommend planning ahead and saving that money, unless you’re lucky enough to have parental support.

Have I missed any other costs? Does this compare to your experience applying to medical school?

How Many Applicants Get Into Medical School? 2009 Data Released

The AAMC recently released applicant and enrollment data for 2009.

What are your chances of getting into medical school just based on the numbers? About 43.5% based on the 2009 data. The ratio was also 43.5% in 2008.

While the number of slots in schools have increased slightly, so have the number have applicants thus the constant ratio.

Click on the link above to read more about the numbers based on gender and ethnicity.

Keep in mind these numbers represent MD schools only, AACOM has not released acceptance numbers as far as I know. Applicant data for DO schools for 2009 is here.

What does this mean for you? We can expect the numbers to be similar for this year, meaning 56.5% of us are going to be very dissapointed. Good luck to all who are applying.