This content is not provided or commissioned by any financial institution. The University of Illinois College of Medicine is a seemingly affordable program until you dig into the details. When you apply, you can specify two campus preferences, but the school places you on a specific campus.
The campus locations are in:. Each campus offers unique access to medical facilities for certain specialties. The Chicago campus is the largest of the four, boasting major growth for the fifth straight year and opening two new buildings in There are approximately 1, students enrolled in UIC medical school according to U. News and World Report. UIC stands out for having one of the most diverse student populations within medical schools across the U.
In addition to the traditional Doctor of Medicine MD program, the school also has the following specialty programs:. UIC sponsors a number of residency slots and strives to make them available to its MD graduates. For UIC medical school grads, this might not ring true, though.
Full-time MD students take 12 credit hours or more. The UIC website lists the tuition per semester:. These numbers might seem good for a medical school; however, the program takes four years to complete and consists of 11 semesters. The cost of tuition and fees for UIC medical school also vary by campus.
Below is the breakdown based on location. There are a number of tests and cost-of-living expenses associated with medical school, too. These costs combined with tuition and fees give the total cost of attendance for the program. The total is based on fees and rates. Rates and fees are subject to change. How these rates change over time can dramatically change the actual cost of the UIC medical school tuition. Tuition and fees can change at any time prior to each semester.
And they only seem to increase over time. This means you need to factor in tuition inflation over your time in school. This is true for cost of living as well. Your rent will most likely increase. The four-year projection for UIC medical school is really estimated based on now, not on the future. The interest rate for unsubsidized loans is 6. This number actually seems reasonable when looking at the estimated cost of tuition for an in-state student.
When the lowest numbers are included to get the average, it can give the impression that the school is more affordable than it truly is. Once you have these numbers you can estimate the overall debt for Year 1 and then add on inflation and interest. The estimated costs not including inflation or interest are already high. Check out our list of cheapest medical schools to begin searching for more affordable alternatives. To dig deeper into these strategies, check out what our student loan consultant, Rob Berman, says about paying off medical school loans.
Whatever medical school you choose to attend, you need to have a student loan plan in place. You also should understand the costs that increase over time. Take our 11 question quiz to get a personalized recommendation of whether you should pursue PSLF, IDR forgiveness, or refinancing including the one lender we think could give you the best rate.
Bethany McCamish works as a freelance writer and graphic designer in the personal finance and lifestyle content space. She believes that transparency and conversations about money are essential in gaining control of finances.
When she is not working, she can be found hiking with her massive dog or traveling the world and taking photographs.
My niece is finishing up her second year at UIC Medical School-Rockford but she is a on resident and is forced to pay the out-of-state tuition. Obviously, we were wrong and they continue to gouge her at every turn…for sure every term! Privacy Policy - Terms and Conditions - Disclaimer. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on this site.
Getting into your best medical school is not something that you should leave to chance! Check out my admissions page for understanding the admissions process. And, check out my eBook to understand exactly that it takes to be accepted! Some students find it useful to employ a service to help them with getting into medical school. There are also many companies that will help you with this, but my recommendation is MedSchoolCoach.
MedSchoolCoach is run by doctors with experience on admissions committees. This makes a big difference as many companies are run by business people or others without this essential experience. The selection factors for UIC medical school are very similar to those of other good medical schools and top medical schools in the US. The University of Illinois at Urbana—Champaign is the largest and most prestigious of the three universities, enrolling more than 52, students.
Do keep in mind that most students are in-state, however. Some colleges within U of I have more competitive admissions statistics. It is actually considered public Ivy. Get ready for some California love, because Stanford University is the toughest college in the nation to get into. Yes, even harder than Harvard. Only 2, 5.
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