MUSC launches campaign for medical scholarships

MUSC launches campaign for medical scholarships

CHARLESTON, S.C. (AP) - The College of Medicine at the Medical University of South Carolina is putting together a scholarship campaign to help students pay the rising cost of a medical education.

The campaign announced this month seeks to raise $20 million over three years and is the first in the history of the college which opened its doors back in 1824.

MUSC says that students are paying 6,500 percent more for a medical education than in 1970. Back then, the cost of medical school tuition was about $500 a year. Today a year of tuition costs more than $36,000 for in-state students and costs $62,000 for out-of-state students.

The university says the average medical student leaves school owing about $200,000 in loans.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.