Medical Student Debt
- More than 70% of medical school graduates carry debt.
- The median educational debt for indebted medical students graduating in 2019 was $200,000.
- For public medical schools, the median total cost for state residents for four (4) years is $166,948 ($41,737 a year).
- For private medical schools, the median total cost for state residents for four (4) years is $278,692 ($69,673 a year).
- In 2022-2023, the 15 most expensive U.S. medical schools have an average cost of about $70,000/year in tuition and fees.
- The Air Force HPSP offers medical students the opportunity to receive a full tuition scholarship along with a generous monthly stipend in exchange for future service as an Air Force physician.
Benefits of the HPSP Program
- Students receive full tuition and required fees at the accredited U.S. medical school of their choice located within the continental U.S., Hawaii, Alaska or Puerto Rico.
- Books and most other educational fees are also covered under the HPSP scholarship.
- An annual salary of ~$35,000 which includes
- Monthly stipend of $2,870.00/month for 10 ½ months
- Second Lieutenant military and travel pay for the remaining 45 days, during their active duty tour.
- There is a $20,000 signing bonus for students who receive a four (4) year AF HPSP scholarship, similar to the Army and Navy program. Likewise, three (3) year scholarship participants can receive the signing bonus if they agree to a four (4) year commitment.
Who Can Apply?
- Applicants must be accepted to or enrolled in a medical school accredited by either the Association of American Medical Colleges (MD schools) or American Osteopathic Association (DO schools) located within the continental U.S., Hawaii, Alaska or Puerto Rico.
- Applicants must be U.S. citizens.
- Applicants must be physically qualified for commissioning as an Air Force officer.
When to Apply?
- For four (4) year scholarships, the best time to apply is early fall of the year prior to attending medical school.
- Students already in medical school applying for three (3) year scholarships should apply immediately.
- Scholarships are awarded on a rolling basis; early application maximizes opportunity for selection.
Selection Criteria
- Applicants must have a minimum 3.2 undergraduate GPA and 500 MCAT with a minimum score of 124 on each of the MCAT subsections.
- Applicants for three (3) and four (4) year scholarships with at least a 3.4 undergraduate GPA and an MCAT total score of 504 (& minimum subsection score of 124 in each subsection) are automatically selected and do not meet a scheduled accession board.
Scholarship Value: $120,000
Awards Available: 100
Award Deadline: Sep 30, 2025 (Deadline Estimated)