medical residency cost
A vital step in the career of a physician is applying and interviewing for a position in a residency program. Unfortunately, the costs associated with this process are often not anticipated by fourth-year medical students. The authors collected data on these costs from fourth-year medical students in Texas (N=274) during 2012-2013. Results suggested that the average cost of this process was significant (M=$4783). The costs varied greatly, depending on the medical specialty for which the fourth-year medical student applied, with a range exceeding $12,000. Most students (60%) paid for these costs with personal savings.