The rising cost of higher education is old news at this point, but most people would be surprised to find out exactly how much a medical degree, either in traditional medicine or complementary and alternative medicine, costs today.
In the past 20 years, average tuition and fees have increased over 165% for private medical schools and 312% for public medical schools. The average debt with which medical students leave school has also increased dramatically: today, most students graduate with an average of $183,000 in debt.
If you’re going to spend $25,000+ a year on an education, you need to be confident that the return on your investment will be worth it—especially if you take on debt to finance your degree. That’s why it’s important to take the return on investment (ROI) on your degree into account, and discuss your financial aid options with a financial aid advisor before deciding to take out loans.