Home › Posts tagged Financing your medical education
Blog Archives

White Coat Investor Scholarship 2024 Applications are Open

Posted on by by

Each year the White Coat Investor (WCI) offers a scholarship opportunity to students enrolled in full-time US professional schools for the 2024-5 year. Students must be in good academic standing in eligible professional schools, including medical, dental, law, podiatry, pharmacy, physician assistant, nurse practitioner, and veterinarian, among others. The stated goal of the scholarship is to reduce winning students’ indebtedness and to promote financial literacy in professional schools.

The lion’s share of the application is an 800 to 1200 word essay in one of two topics: Inspiring Stories or Financial. The deadline is August 31.

For more information please check out this web page.

Tags: , , ,

Applying to Residency this Cycle? Don’t Forget the New AAMC Fee Assistance Program for Residency Applicants 

Posted on by by

Here’s a quick reminder that the Association of American Medical Colleges (AAMC) is expanding its Fee Assistance Program (FAP) to residency applicants this year.

The good news is that if you were previously approved for the AAMC FAP, you will automatically get a 60% discount on your residency application for this ERAS season.

The bad news is that current medical students are not eligible to apply for the FAP even if they now have financial challenges that they did not have prior to medical school or if they qualified before medical school but declined to apply for the FAP benefits.

The AAMC says they are going to survey “the student affairs community” to understand “if and how” they can further expand the FAP for residency applicants.

Here is more information with some frequently asked questions.

Tags: , , ,

Check Out the AAMC Virtual Medical School Fair

Posted on by by

The AAMC (Association of American Medical Colleges) will be holding a live informational medical school fair this Wednesday, April 10 through Friday, April 12. There will be sessions on financial issues like loans, budgeting, and scholarships and some advice from current medical students and admissions officers. Registering also affords you 15% off a one- or two-year subscription to the Medical School Admissions Requirements (MSAR®) website.

You can register here. I offer individually-tailored, one-on-one assistance, but there’s no downside to hearing more general tips from the AAMC itself.

Tags: , , ,

One Billion Dollars

Posted on by by

I was super impressed with the news that Albert Einstein College of Medicine Professor Ruth Gottesman is donating $1 billion to her institution to make tuition free for all medical students going forward.

In 2019 NYU made medical school tuition free. Subsequently, the demand to go to their institution skyrocketed, as did their matriculants’ median MCAT and AMCAS GPAs. According to the most recently published MSAR, NYU’s median total and BCPM GPAs were both 3.96, and their median MCAT was 522. A similar phenomenon will occur with Albert Einstein School of Medicine.

The tremendously generous donation by Professor Gottesman allows earnest individuals interested in caring for our communities to become physicians without excessive debt. Of note, Albert Einstein offered to rename their school to include “Gottesman,” but the professor declined, a choice which adds to her stature in my mind.

Tags: , , ,

Fee Assistance Program

Posted on by by

As the 2021-22 medical school application process ramps up, I want to remind candidates about the Association of American Medical Colleges’ (AAMC) Fee Assistance Program (FAP) and Insider Medical Admissions’ available discount for those with a current FAP. The FAP is designed to offer help to individuals with financial limitations who cannot pay the MCAT registration or AMCAS application fees without financial support.

If you think you are eligible, it’s worth applying for an FAP grant early: If an applicant submits his/her AMCAS prior to receiving a decision on his/her FAP application, that candidate will be ineligible to receive the FAP for the AMCAS. In other words, the candidate will not receive a refund.

For more information on the FAP, please click here. I offer reduced rates for applicants demonstrating financial hardship through a current AAMC FAP grant. After researching the issue, I believe Insider is the only medical consulting company that currently supports a discount for FAP grant recipients. (I apologize if I’m missing a company.) Once you have been granted the FAP and thus, can prove receipt, please feel free to contact me for more information.

Tags: , , ,

About Dr. Michelle Finkel

Dr. Michelle Finkel

Dr. Finkel is a graduate of Stanford University and Harvard Medical School. On completing her residency at Harvard, she was asked to
stay on as faculty at Harvard Medical School and spent five years teaching at the world-renowned Massachusetts General Hospital.
She was appointed to the Assistant Residency Director position for the Harvard Affiliated
Emergency Medicine Residency where she reviewed countless applications, personal statements and resumes. Read more

Receive FREE Insider Medical Admissions Tips.

Sign Up

Listen to Dr. Finkel’s interview on the White Coat Investor podcast:

Listen to Dr. Finkel’s interview on the FeminEm podcast: