Is the Solution to Our Student Debt Crisis in the Caribbean?
News With the swelling debt crisis being a major concern for many students, the concept of affordability is being closely reexamined far and wide.
According to the American Association of Medical Colleges (AAMC), the mean medical education student debt is $176,348. However, student debt can go as high as $246,000 depending on institution and this is excluding undergraduate or premedical studies.
Emerging with less debt
With a physician shortage in the United States, Caribbean medical schools are helping to fill that void with rolling admission dates of up to three times a year (January, May & September). There is no need to wait up to a year for admission and face strict competition for a limited number of medical school seats in the United States with this convenience.
"Global health opportunities only add to the development of well-rounded physicians."
This affordability and flexibility model of Caribbean medical schools is an appealing option for students to pursue their education. Physicians that graduate with less debt find themselves not having to worry about whether their salary will be sufficient to pay off high debt and be able to focus on a better lifestyle such as starting a family.
Another benefit is the global health experience offered through these programs. Students will engage with the local communities and experience preventative medicine clinics, health screenings at events, and HIV/AIDS awareness presentations in local high schools, health education and more. Global health opportunities only add to the development of well-rounded physicians.