Today, the average student graduating from medical school in the US carries more than $200k in debt. When you take into account the length of medical school and residency, the average doctor won’t pay off her debt until well into her forties.
We take many of our brightest, most empathetic young minds—those who dream of dedicating their lives to helping people—and give them a terrible option:
Do you spend more than a decade to become a doctor only to take on so much debt that your future children may be in middle school by the time you can pay it off?
And once you do pursue a career in medicine, do you specialize in fields experiencing the greatest shortages, like family medicine or internal medicine, even though they are the lowest-paying, or do you go into far more lucrative fields like plastic surgery or radiology?
At what point does your passion for a particular field of medicine waver in the face of a mountain of debt? And why are you forced to make this choice in the first place?
I watched first-hand as my sister, Natalya, confronted these questions recently as she finished medical school. She decided to follow her dreams and specialize in pediatrics, one of the lowest-paying physician specializations. I could not be more proud of her.
She inspired me to create this scholarship. I hope that it will help a medical student or young doctor chasing ambitious goals in the face of challenging financial questions to, in some small way, be able to better pursue their dreams.
Please tell us a bit about yourself and how you plan to make a positive impact on the world through your medical career.
The application deadline is May 5, 2020. Winners will be announced on Jun 6, 2020.
The scholarship award is $1,000 per winner.
The winner will be publicly announced on Jun 6, 2020. Prior to the announcement date, we may contact finalists with additional questions about their application. We will work with donors to review all applications according to the scholarship criteria. Winners will be chosen based on the merit of their application.
Award checks will be sent to the financial aid office of the winner's academic institution in their name to be applied to their tuition, and in the name of their institution (depending on the school's requirements). If the award is for a qualified educational non-tuition expense, we will work with the winner directly to distribute the award and make sure it goes towards qualified expenses.
Before we award the scholarship, the winner will be required to confirm their academic enrollment status. Depending on the circumstances, verification of Student ID and/or their most recent transcript will be required.
If you have any questions about this scholarship or the Bold.org platform, just email firstname.lastname@example.org and we’ll get back to you as quickly as we can.
Yes. The terms and conditions for this scholarship can be found here.