While the salary an individual should be prepared to make after graduating medical school is often substantial, the cost of attending medical school makes doing so nearly impossible for many individuals. Many scholarships help make medical school more affordable, some even covering all tuition and fees. Scholarships for minorities are designed to convince more minority students to attend medical school, where they are traditionally underrepresented.
The American Medical Association offers the Minority Scholars Award to increase the number of African-American, Hispanic and Native American physicians entering the field. Twelve scholarships are awarded each year to students in their first or second year of medical school. Instead of applying for the scholarship, students are nominated by their medical school, with each medical school being eligible to nominate two students annually. Each of the twelve scholarships is worth $10,000. An additional scholarship funded through the National Business Group on Health provides support for a student planning to become a primary practice physician.
National Medical Fellowships offers need-based scholarships for first, second and third year medical students, gearing its funds towards low-income and minority students. To apply, students must attend a National Medical Fellowship approved medical school and submit an application demonstrating financial need. For third and fourth year minority medical students may apply for a scholarship through the Emergency Scholarship Fund. Additionally, the organization offers the GE/MNF Medical Scholars program, which allows medical schools to nominate fourth-year minority medical students to receive an all expenses paid externship opportunity in Africa.
Contact the financial aid department of your university for additional scholarship opportunities. Many universities offer scholarships specific to students and some universities, such as the University of Central Florida, offer free tuition programs for medical students. The National Health Service, National Institutes of Health, and the Armed Forces also offer scholarships for all students with an agreement to work in a specified area or serve in the Armed Forces upon graduation.