The cost of a medical school degree is set to go up in the next decade, with the median price for a medical degree at top institutions in the United States expected to climb from $50,000 in 2020 to $65,000 by 2025, according to a new report.
The U.S. Medical College Admission Council’s report, “The Future of Medical School Tuition,” said the median cost for a bachelor’s degree in medical school will be $67,000 for 2020, up $10,000 from the 2020 price of $67 a year ago.
The median price is a drop from $77,000 a year earlier, when the average price of medical school tuition in the U.K. was $72,000.
It is also lower than the $85,000 median price of a doctorate in other fields of study, such as engineering and business, the study said.
The average tuition for a specialty degree in the 2020 U.T.U. Medical School Report is $89,000, up from $87,000 last year.
The price of an undergraduate degree at elite U.N. schools has also climbed by more than $100,000 since 2020, to $75,000 annually.
The study’s authors also forecast that average medical school tuitions at top U.L.C. Anderson universities will increase by $2,000 over the next two years, to nearly $85 a year.
By 2025, the median tuition for medical school graduates at top hospitals in the country will be more than double the median in the 2018-19 academic year, the report said.
By 2020, U.U., which is the largest medical school in the world, plans to have the most medical schools in the developed world, according the report.
Ulaanbaatar, Mongolia, and Singapore were among the countries with the highest average tuition prices, the authors said.