AMA Adopts Strategies to Help Address Medical Student Debt; Help Relieve Physician Shortage
For immediate release
June 17, 2009
CHICAGO – The American Medical Association (AMA) today adopted new policy to help address the increasing medical student debt burden at its Annual Meeting. Over the last 15 years, the cost of a public school medical education has doubled and private school tuition has increased by 133 percent. Upon graduation, the average medical student has a debt of $155,000.
“The overwhelming cost of medical education significantly hinders bright students from considering medical careers,” said AMA Board Member William Hazel, MD. “As baby boomers age and we continue to face a growing physician shortage, the alarming cost of medical school tuition and the debt burden on young physicians must be addressed.”
The AMA will work to increase the amount of funding available for medical students through federal and state scholarship and loan repayment programs. The AMA also will work toward programs that allow for deferment of loan repayment.
“We must look for novel ways to help medical students afford their education so that we have enough physicians to care for our nation’s growing population,” said Dr. Hazel.
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