What is the Cost of Education for Becoming a Pediatrician
Becoming a pediatrician takes years and years of education, and the cost of that education can become pretty substantial. Understanding the overall costs before getting started can help you when it comes to planning and budgeting for your life as a student.
While it was once preferred for students to take classes in a private school, most public school systems now offer advanced placement courses designed to help you get into the college of your choice and get a head start on your chosen degree. In this case, public schools are free to attend, and there is no additional charge for taking the AP courses designed to help you get a head start into the medical field. It should be considered that students who attend an out-of-district school in order to participate in these classes may be required to pay some form of tuition. This differs from state to state and from district to district.
For the most part, the amount that it will cost to attend a four-year college will depend on your school selection and location. Accredited schools often cost more than those that are not, and if you plan to become certified by the American Board of Pediatrics, youíll have to attend an accredited college. You can expect to pay anywhere from $40,000 to $160,000 total for all four years. Remember that smaller schools are generally less expensive that major state universities or colleges such as Harvard and Yale.
Medical school is going to be the bread and butter of your career, so itís important that you take the time to choose the right one. This will entail another four years of study, and you can expect to spend anything from $100,000 to $160,000 total for all four years. The AAMC, or Association of American Medical Colleges, provides a list of the most recent tuition rates for all 140 accredited medical schools across the country, so this website is a great resource for anyone who is interested in planning their education in a medical field.
Income from Residency
After medical school is completed, you will likely have a significant amount of student debt. Fortunately, your residency does provide you with some income, though not nearly as much as you will earn as a practicing pediatrician. Most pediatric residents earn between $40,000 and $55,000 per year, and the requirements for repaying any student debts are often a bit more lenient during this time. Should you decide to participate in a fellowship following your residency, which often lasts at least two years (though sometimes more than 10), you can also expect to earn a moderate salary during this time.
There is no denying that the cost of education for becoming a pediatrician is high, but as long as you are dedicated to learning, you can view it as a life-long investment. There are scholarships and grants out there that can help you offset some of these costs, too, and you can get information about these from your high school guidance counselor.