Careers in the medical field are in no position to teeter off anytime soon. So long as there are sick and injured people to tend to, medicinal codes to crake and breakthroughs to be achieved, young (and old) men and women will be taking the MCAT and enrolling in prestigious medical schools across the country.
But while the demand for doctors, nurses, practitioners and medicinal scientists will likely remain at high levels for the next several decades, the kinds of costs associated with enrolling and graduating from medical school are in the midst of a major financial makeover. According a recent report by The New York Times, med school grads are passing the threshold of graduation day with a financial burden of some $200,000 to $300,000 in student loan debt.
But how might this be? As the report goes on to explain, the cost of med school ranges anywhere from $32,000 to $50,000 per academic year. But those figures are based on tuition alone, and fail to take into account the incredibly expensive books, lab fees and equipment, travel expenses, and room and board.
With the cost of medical school potentially jeopardizing the future profits an individual might amass in his or her medical career, it becomes necessary to supplement the cost. However, unlike an undergraduate program, scholarships for medical school tend to be hard to come by. But there are a few opportunities that exist for financial aid in medical school, and one of the most effective and secure routes is through navy medical school scholarships.
But while navy medical school scholarships can act as a monetary godsend for aspiring med students, they don’t come easy or free.
Navy Medical School Scholarships: Not for the Faint of Heart
Similar to its close cousins the airforce and army, navy medical school scholarships are designed to assist in the future schooling of an enlisted sailor or officer.
Although there are a number of means for finding navy medical school scholarships, the primary source for the majority of financial aid stems from the Armed Forces health Profession Scholarship Program, or the HPSP.
The HPSP, which is a committee in charge of overseeing the three military branches, offers an estimated 200 aspiring med school students the opportunity to supplement a sizable chunk of the cost of medical school.
However, that offer comes with a unique price. Unlike various other kinds of scholarships that might award based on merit alone, navy medical school scholarships require a hard four-, five- or six-year duty, often away from home and without the means for normal contact. Candidates for navy medical school scholarships must also pass a rigorous “boot camp” initiation, a trial that many fledging enlisters fail if they’re not fully committed.
But if you’re prepared to pass the somewhat rough course, navy medical school scholarships can be incredibly fruitful. The HPSP is also prone to rewarding enlistment bonuses in areas other than medical school, sometimes up to $40,000, just for volunteering for a duty that might be undermanned or somewhat unpopular.
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