One thing has dominated the news and the world of politics for weeks - the health care-reform bill. The U.S. House of Representatives passed the bill, which would cover about 96 percent of Americans, last weekend. It now awaits a vote from the Senate side, with a good amount of compromising expected if the bill has a chance to pass at all.
But what does this mean for education? A focus on health care recently has highlighted the need for more primary care doctors, and any legislation that would expand access to health care would obviously lead to an increase in the number of medical professionals to care for that influx of patients. An article in the Chronicle of Higher Education this week describes discussions that were being had among medical professionals at this week's Association of American Medical Colleges annual meeting. According to most, the equation is simple: more patients require more doctors, and more doctors require more residency programs to accommodate the kind of growth that would be needed with any expansions in health care access.
Despite the call for more doctors, medical school applications increased by just 0.1 percent this year according to that same association, even though four new medical schools opened at Florida International University, Texas Tech University, the University of Central Florida, and the Commonwealth Medical College. Another at Virginia Polytechnic Institute and State University will open next year. Many other schools added massive expansions to their medical school campuses. It also isn't just the possibility of expanded health care access that could spread doctors thin. The association worries about the impending wave of retiring baby boomer-physicians, and claims there would be shortage of as many as 159,000 doctors by 2025.
Obviously, not everyone can go to medical school and become a doctor. And not everyone can stomach the costs of going to medical school. According to the association, most medical students graduate medical school with about $156,000 in student loans, and primary care doctors make less money after they leave school with all that debt than other medical specialties.
If you're set on becoming a doctor, you do have options in reducing your student loan debt. Apply for scholarships. There are medical scholarships out there, including our own Scholarships.com Health Scholarship. The deadline for that one isn't until Nov. 30, so you still have time to fill out a profile and conduct a free scholarship search. If you qualify for that or other medical scholarships, those results will appear in your scholarship search results. Know your options, because even though there might be a job waiting for you once you graduate, you may be looking at quite a bit of debt post-college.