Financing Health Professional School

Cost of Applying to Health Professional School

The number of schools a student applies to determines the overall cost of applying. There is a great deal of variation, but, in short, applying to health professional school is costly. Typically, applicants must pay for test preparation (courses or reference materials), registration fees for admission tests, application fees for primary and secondary applications, travel to interviews, interview suit, etc.

Tuition Costs

Tuition varies considerably. Some state schools are very affordable, and most are considerably less expensive than a majority of private schools. Most private schools cost upwards of $30,000 a year. Students must also consider the special fees and living costs particular to each school, and whether or not they will need a car. Schools will provide applicants with a comprehensive overview of their costs. Although it is intuitive that state schools would be less expensive to attend than private schools, sometimes the difference is not so great because private schools are often able to offer more substantial financial aid packages than state schools. When researching the cost of different medical schools, applicants should consider the Average Student Indebtedness for each school which can be found in the MSAR.

Financial Assistance for Application Expenses

Some test prep courses discount their fees for students who demonstrate financial need. Application services also offer fee waivers for those students who demonstrate need. If the application service waives the initial application fee, many schools will waive the secondary application fee. 

Financial Aid

Although financial aid will be offered at health professional school, students often do not receive as much aid as during the undergraduate years.  Students should expect to emerge from professional school with considerable debt. However, students should also expect to earn enough as a health professional to pay it off. Nonetheless, it is important for students to review their financial concerns with the financial aid offices of the schools to which they have been accepted before making a final choice. The Office of Financial Aid and Educational Financing web site is a good financial aid resource.

Required Financial Information

Students must submit their financial histories and income tax returns. Applicants and their parents must file their taxes on time during the application year, as a late tax return may significantly delay a student's financial aid package and make it difficult for students to decide on a medical school.

Financial Planning

The Association of American Medical Schools provides some excellent advice about managing your finances both while in college and then transitioning on to medical school. Much of this information can also be applied to students applying to other health professions.

Financial Literacy 101

This online resource offers self-paced educational modules designed to help student achieve strong financial literacy.

Preprofessional Advising


403 Alfred Lerner Hall
2920 Broadway
New York, NY 10027

Call: 212-854-6378

Advising by Appointment

Mon - Fri, 9am - 5pm 

Prehealth Virtual Drop-In Advising Hours

Mon - Thu, 12pm - 1pm 

Drop in Hours Zoom link*

*Drop in Hours are only for CC/SEAS undergraduate students