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Devry Lures Medical School Rejects As Taxpayers Fund Debt

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http://www.bloomberg.com/news/2013-09-10/devry-lures-medical-school-rejects-as-taxpayers-fund-debt.html

As a teen, the Salt Lake City native became a paramedic. He wanted to train to become a physician after graduating from the University of Utah with a bachelor’s degree in health promotion and education in 2009 but was rejected by two dozen U.S. medical schools.

Three years later, he earned a Master of Science in medical health sciences from Touro University Nevada and applied again, Bloomberg Markets will report in its October issue. Adams was accepted to American University of the Caribbean School of Medicine, which is owned by Downers Grove, Illinois-based DeVry Inc. (DV)

Adams, now 31, moved with his wife, Jessica, and their two young children to a two-bedroom apartment that smelled of dog urine and had a broken stove on the Dutch part of St. Maarten on Jan. 1. After financing his first two semesters with $67,000 in U.S. government-backed loans, Adams expects to leave medical school with as much as $400,000 in debt -- and about a 20 percent chance of never practicing as a physician in the U.S.

..

DeVry, which has two for-profit medical schools in the Caribbean, is accepting hundreds of students who were rejected by U.S. medical colleges. These students amass more debt than their U.S. counterparts -- a median of $253,072 in June 2012 at AUC versus $170,000 for 2012 graduates of U.S. medical schools.

And that gap is even greater because the U.S. figure, compiled by the Association of American Medical Colleges, includes student debt incurred for undergraduate or other degrees, while the DeVry number is only federal medical school loans.

Many DeVry students quit, particularly in the first two semesters, taking their debt with them. While the average attrition rate at U.S. med schools was 3 percent for the class that began in the fall of 2008, according to the AAMC, DeVry says its rate ranges from 20 to 27 percent.

High failure rate because they are just accepting anyone who's prepared to sign on the dotted line and take on the debt? Seems a great business model in some respects but for those signing up and failing it's hugely expensive. However taking on $400k of debt with only 20% chance of never practising in the US seems a massive risk!

Would these Dr's be accepted by the NHS to practice here?

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Would these Dr's be accepted by the NHS to practice here?

Doubt it, the NHS seem to only like doctors who has English as their second or third language

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This lot and several other medical schools elsewhere in the Caribbean advertise a lot in Toronto. Mrs BlueCat works in the medical world and says that it's virtually impossible for them to get properly accredited in Canada afterwards unless they're prepared to go and work in some freezing hell hole in the north and, even then, the failure rate is very high. I think the standards must be pretty low.

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