While competition among medical schools for top students increases, it is more important than ever that the School of Medicine is able to offer competitive financial aid packages to deserving students. With federal and state budget reductions, this is only possible through private philanthropy.
Because more than half of medical students list scholarship assistance as a determining factor when selecting a school, the Medical School Development Scholarship Fund provides an enormous advantage in recruiting the brightest medical students to Mizzou. Upon graduating medical school, the average student’s educational debt is $144,000. Every $5,000 awarded to a student results in a $400 reduction in his or her monthly loan repayment amount.
Lessening student debt frees medical students to pursue the area of medicine where their passions lie regardless of the earning potential. It also allows them to focus less on financial burdens and more on becoming outstanding healers.