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At the highest end, the cost reaches $398,488. Preliminary data for the 2014-2015 academic year shows the median cost of a four-year medical school education as $226,447 for public schools and $298,538 for private schools with median tuition/fee costs ranging from $34,540 to $53,714. Meanwhile, in Spain, it’s only $424. Becoming a physician is a costly endeavor. Example 1: 30 Emergency Medicine programs [$99.00 + (10 x … Fees for ERAS Residency Applications ERAS application fees are based on the number of programs applied to per specialty. There are both direct and indirect costs of resident education. The study—the most recent comprehensive overview of the cost of residency interviews across all specialties—states that “almost 20 percent of surgery applicants spent more than $7,000, and surgery applicants spent more than those applying to other specialties,” according to the study. Surgical residency programs pay residents approximately $50,000 each year and provide slight salary increases year after year. The direct costs are the resident’s salary and benefits. The residencies were mostly for internal medicine and the top four programs made every doctor's list. The average cost of an MRI in the United States is $1,119. After completing four years of medical school, the next requirement for becoming a surgeon is to complete a surgery residency program. In the U.S., general surgery residency programs take at least five years to complete. However, you don’t have to. We considered hospital prestige, competition, and the residency's mission. Residency. These numbers do not include annual increases in tuition rates, nor do they factor in the cost of living while attending medical school. Yearly tuition can reach the $90,000s or higher, particularly when looking at private institutions (though, some public institutions like the University of Illinois medical school are at the higher end of tuition, as well). We've decided to take these numbers and compare the programs to compile our list of top medical residency programs. It would be most advantageous to directly contact the schools which interest you to determine the cost of attending the college. The cost of a medical degree in the US varies from school to school and depends upon residency status. The average cost of a day’s stay in the hospital costs $5,220 in the United States. In Australia, it’s $215 while the United Kingdom the cost falls somewhere in the middle at $788. Residency training positions have expanded at a rate of just 1% a year, due in large part to a congressional cap on federal funding in the Balanced Budget Act of 1997. Medical students often come out with a lot of debt when attending expensive medical schools. The four years of medical school would result in lost salary ($57,000 per year for a bachelor degree holding American). The Top Medical Residency Programs Include: 10. Totaling all four years, the cost to go to medical school is $385,029. A four year public university medical tuition is about $208,000; a private school medical tuition is about $280,000 (Association of American Medical Colleges 2013 data). Most of the costs of residency training — about $171,855 per year, per resident on average, according to AAMC data — are supported by teaching hospitals and their faculty. If you use just the average figures, the average cost of medical school (assuming a four-year stint) can range from $150,224 to $248,920. MyERAS automatically calculates your fees and you can pay online using Visa or MasterCard. And the top four programs made every doctor 's list to compile our list of medical... 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