At a time when the economy is at the worst it has been in over 20 years and medical school application volumes
are experiencing an exponential increase, the University of Central Florida is offering their first inaugural class full scholarships
totaling $7 million. A
CNN July 31 article, headlined Free medical school for 40 lucky students, explores the rational behind
offering students a chance to graduate medical school completely debt free. Tom Boyd, senior medical school consultant at AdmissionsConsultants,
Inc., was interviewed for the article. Boyd applauds the school for the idea, but argues that most medical schools cannot afford to give away
education without cost. From the article:
"They just don't have the resources to do this," Boyd said.
"My view is that UCF is doing this to get its name
out there. As a one-time thing, it's a great idea. But can they really do this every year?"
Keeping in mind that accreditation for UCF's medical school is still pending, some students have rejected offers from
NYU and the University of Pittsburgh for the chance to attend the University debt-free. UCF is actually not the first non-accredited
medical school to offer incentives in the form of scholarships. As we reported earlier this year in a January
blog, Commonwealth Medical
College in Pennsylvania has fulfilled its promise of scholarships of $20,000 a year, or $80,000 total, for all 60 members of its first class.
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