Sidney Kimmel Medical College Tuition

Last Updated on December 14, 2022

Preparing for your medical school training can be a bit scary. What are the expenses and what will they cost you? There is a lot to understand on this score, but if you want to get a sense of the basics, you’ve come to the right place. At Sidney Kimmel Medical College Tuition (SKMCtuition), we’re a medical school tuition consultant that specializes in helping students through the difficult and complicated process of finding and applying for medical education financing.

Is there anything else you need to learn about Sidney Kimmel Medical College Tuition? If so, you need not be concerned because the following article will provide the information to answer your questions.

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Sidney Kimmel Medical College Tuition

The 2020-2021 tuition & fees at Sidney Kimmel Medical College at Thomas Jefferson University is $59,485. This cost is different from the costs of other undergraduate and graduate programs. For major programs other than medical school at Thomas Jefferson University, the average undergraduate tuition & fees is $41,715.

Here’s what SKMC costs according to the school. These numbers include SKMC tuition of $55,454 per year, room and board costs of around $18,000, and fees for other small categories.

YearSKMC Estimated Cost

This cost is not the whole story though. Much like dental schools, med schools fundamentally underestimate the loans you’ll graduate with in the cost of attendance.

There’s three main reasons why:

  1. Med schools don’t include accrued interest during school.
  2. Tuition inflation isn’t in the estimate.
  3. Added loan fees are lower than reality.

Unsubsidized Stafford Loans cover up to $40,500 of SKMC costs per year. Students need to borrow almost double that. Hence, most will turn to Grad PLUS loans for the rest. Both loan types accrue interest while you’re still in school.

SKMC’s cost of attendance also lists the same tuition for all four years. In a world where tuition seems to increase yearly, this is not reality. We know tuition increases will happen.

Finally, the school estimates loan fees at about $500 per year. Grad PLUS origination fees are over 4 percent. On just $40,000, a Grad PLUS loan fee would be over $1,600, and that’s not even including the Stafford Loans. This makes the loan fee figure simply wrong.

Sidney Kimmel Medical College

How much debt you could have with an SKMC M.D.

Keep in mind, this figure would be if you got no scholarships or grants and financed your entire education. Jefferson is a pretty prestigious place. I’ve enjoyed reading “Dr. Mutter’s Marvels,” and I had no idea before I met my Jefferson alumna wife that SKMC produces so many talented physicians.

I would guess that many students receive some form of scholarships, since the school lists many on its site.

After all, if you get a generous nine-figure donation and sell “The Gross Clinic” for a tidy eight-figure sum, you’re doing pretty well financially and can probably reduce the financial burden for some.

Even so, I’d wager SKMC won’t be able to match NYU med school’s decision to abolish tuition. Some students will still have to finance their education in full, particularly with such a large class size. It’s much easier to give amazing aid if you’re willing to spread your ample financial resources over a much smaller group of people like NYU is doing.

In general, I tend to multiply the total cost of attendance number by 1.25 to account for the factors like accrued interest I discussed earlier.

So, take $319,499 * 1.25 = $399,374.

I believe the class entering SKMC today would leave with almost $400,000 in student loans when they graduate in 2022 or 2023. That’s a far cry from the $124,000 my wife left with over 10 years ago.

sidney kimmel medical college ranking

Thomas Jefferson University (Kimmel) is ranked No. 55 (tie) in Best Medical Schools: Research and No. 59 (tie) in Best Medical Schools: Primary Care.

sidney kimmel medical college admissions

Sidney Kimmel Medical College at Thomas Jefferson University

Average GPA:3.74
Average MCAT:514
Interview rate(s) (in state and out of state applicants):19.3% (in-state) and 7.8% (out-of-state)
Acceptance rate:4.6%
Percent of entering class in state:32.7%
Tuition (in state and out of state applicants):$56,354 (all)

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