Medical School

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Costs

 

2014-2015

M1

M2

M3

M4

Standard Maintenance Budget Categories

10 months

August 11 – May 29

10 months

August 18 – June 22

12 months

June 24-June 26

11 months

July 1 – May 14

Rent/Utilities(a)

$7,000

$7,000

$8,400

$7,700

Food/Household (b)

$1,500/$2,500

$1,500/$2,500

$1,800/$3,000

$1,650/$2,750

Transportation by Car(c)

$1,900

$1,900

$2,520

$2,310

Personal/Clothing/Recreation

$2,000

$2,000

$2,400

$2,200

Medical/Dental costs (d)

$470

$470

$564

$517

Books, Equipment & Supplies

$550

$150

$120

$110

National Boards/Clinical Skills Exam

$0

$580

$1,810

$0

Tuition *

$49,837

$49,837

$47,154

$47,154

Activity Fee (mandatory)

$80

$80

$80

$80

Life and Disability Insurance (mandatory)

$60

$66

$66

$66

Technology Fee

$150

$150

$150

$150

Yearly Total

$64,547

$64,733

$66,264

$63,037

Footnotes:

a)Assumes double occupancy.  No allowance if living with parents.  Renters insurance allowed.
b)Lower figure for student living with parents.
c)Includes gas, oil, maintenance, and insurance.
d)Does not include purchase of health insurance policy.  The cost for student health insurance can be added to the budget after verification of health insurance enrollment.

Health Insurance

It is the policy of the Medical College of Wisconsin, as well as a requirement made by the national accrediting agency of medical schools (LCME), that all students have insurance coverage.  The Medical College of Wisconsin has contracted with an insurance company that provides coverage for all of our medical students.  There are three components of this policy:  1) major medical coverage; 2) disability insurance; and 3) term life insurance.  Students can purchase health insurance family plans, however, financial aid only covers single, not family, coverage. All students are required to take the disability and term life insurance, as well as the medical insurance coverage that is provided through the Medical College.  The only instance under which the student can waive the major medical insurance is if the student has health insurance coverage under a spouse or parent.  All students receive a brochure and complete policy manual concerning insurance.
 

*State Capitation Credit for Wisconsin residents estimated at $5,000 is an approximation based on Wisconsin resident enrollment.

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© 2014 Medical College of Wisconsin
Page Updated 06/02/2014