Guideline Budget
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Cost of Living

Our Guideline Budget represents estimated expenses for students in each of the four years of medical school. 

2023-2024 Estimated Guideline Budget for Students

 

Sci Trunk

(12 months)

Clin Trunk

(12 months)

Branch 1

(12 months)

Branch 2

(8 months)

Rent-Heating per month

$1,550

$1,550

$1,550

$1,550

Utilities (Electric, Phone, Internet) per month

$250

$250

$250

$250

Food per month

$400

$500

$500

$500

Personal/Misc per month

$250

$250

$250

$250

Wellness per month

$100

$100

$100

$100

Travel & Transportation per month**

$250

$450

$450

$450

Total living expenses per year

$33,600

$37,200

$37,200

$24,800

 

 

 

 

 

Uninsured Medical/Dental Expenses per academic year

$1,200

$1,200

$1,200

$800

Books per academic year

$1,000

$250

$0

$0

Tech Allowance per academic year

$0

$500

$0

$50

Step Study Materials per academic year

$100

$1,150

$0

$0

Instruments & Supplies per academic year

$150

$102

$102

$100

USMLE Step 1

$0

$660

$0

$0

USMLE Step 2 CK

$0

$660

$0

$0

Unsubsidized Stafford Loan Origination Fees

$500

$498

$498

$428

Total annual expenses

$2,950

$5,020

$1,800

$1,378

 

 

 

 

 

Total resident expenses per year

$36,550

$42,220

$39,000

$26,178

Total non-resident expenses per year

$37,050

$42,720

$39,500

$26,678

 

 

 

 

 

Resident Tuition & Fees*

$53,218

$53,218

$53,218

$35,478

Non-Resident Tuition & Fees*

$72,268

$72,268

$72,268

$48,178

 

 

 

 

 

Total Resident Guideline Budget

$89,768

$95,438

$92,218

$61,656

Total Non-Resident Guideline Budget

$109,318

$114,988

$111,768

$74,856

Mandatory health insurance costs are not included in this budget. Health insurance costs may be funded through outside sources upon request.
* Includes an estimated increase of 5% resident and 3% non-resident tuition over 2022-2023 rates.
** Guideline budget includes an additional $500 transportation allowance for non-residents.

THIS BUDGET IS SUBJECT TO CHANGE