The accreditation scam – a costly rip off of future professionals
When I went to medical school 40 years ago, the annual tuition was $5,500. Accounting for inflation, that would be $20,000 today. Yet, tuition for in-state residents at the University of Connecticut’s medical school is $47,673 and $81,753 for those coming out of state. The annual tuition for the Frank H. Netter M.D. School of Medicine at Quinnipiac University is $60,210. And these tuitions are typical across the country.
As medical school is a four year program, the result of these outrageous tuitions is average medical school debt per student of $215,000. Mine was $27,000. And this problem extends to other professionals, many of whom do not have the same earning potential as medical doctors. According to a recent article in the Wall Street Journal “…dentists earned a median $164,000, and chiropractors earned a median $71,000, which is not enough to cover most debt loads from professional degrees that are over $200,000.”
Much of the discussion on this problem centers on the…