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Checking Out the Cost of College: Professional Studies

by Margaret A. Munro
Source: John Wiley & Sons, Inc.
Topics: College Costs, Advice for Parents, Managing Your Money, Other College Savings Plans and Ideas, College Financial Planning

Besides graduate school, professional schools are another alternative to students seeking education beyond a four-year degree. If your student has always dreamed of being a doctor, a lawyer, or even a veterinarian, or if you hope your student will be interested in professional studies, check out Figures 2-7, 2-8, 2-9, and 2-10 to get a better idea of how much extra money you need to start saving to send your student to medical, law, business, or veterinary school.

University Tuition (in Dollars)
  2002-2003 2007-2008 2012-2013 2017-2018
  In-State Out-of-State In-State Out-of-State In-State Out-of-State In-State Out-of-State
North        
University of Maryland 14,717 28,165 19,235 36,810 25,140 48,110 32,855 62,880
Harvard Medical School (MA) 30,500 39,860 52,100 68,090
South        
University of South Carolina 12,960 37,552 16,940 49,080 22,140 64,145 28,935 83,835
Emory University (GA) 32,576
(2003-2004)
40,355 52,745 68,935
Midwest        
University of Kansas School of Medicine 12,919 27,301 16,885 35,680 22,070 46,634 28,840 60,950
Northwestern Feinberg School of Medicine (IL) 34,998
(2003-2004)
43,355 56,665 74,060
West        
UCLA School of Medicine (CA) 10,712 21,304 14,000 27,845 18,300 36,390 23,915 47,560
Stanford Medical School (CA) 33,063 43,210 56,475 73,810

Figure 2-7: Sample yearly tuition costs for medical schools.

University Tuition (in Dollars)
  2002-2003 2007-2008 2012-2013 2017-2018
  In-State Out-of-State In-State Out-of-State In-State Out-of-State In-State Out-of-State
North        
University of Maryland 12,148 22,890 15,875 29,915 20,750 39,100 27,120 51,100
Harvard University (MA) 30,520 39,890 52,135 68,135
South        
University of South Carolina 11,120 22,516 14,535 29,430 18,995 38,460 24,825 50,265
Emory University (GA) 27,906 36,470 47,665 62,300
Midwest        
University of Nebraska 5,760 13,075 7,530 17,090 9,840 22,335 12,860 29,190
Northwestern University (IL) 32,008 41,835 54,675 71,455
West        
University of California Berkeley 11,027 22,731 14,410 29,710 18,835 38,830 24,620 50,745
Stanford University (CA) 31,230 40,815 53,345 69,720

All current costs are approximate and only for one year of tuition. Future tuition costs are estimates only. Your costs may vary.

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