Huge if/when HCOM can raise the $25 million matching funds for scholarships.
The universities providing the most in scholarship $ will win/survive long term. Just about every dime raised should be going towards scholarships (or endowing faculty lines), no?
I sometimes look at scholarships as a discount on an inflated price. Perhaps if expenses could be reduced, there wouldn't be such a great need for bigger scholarships. The ease of getting "financial aid" more than anything has driven up the cost of higher education more than any other single factor in the last 50 years.
I actually agree with this, Alan. It's kind of a vicious cycle. However, as mentioned by the former Green Jinx, this is not really the case in terms of the medical school. There are many other factors that are driving up the cost of medical education, and reducing student debt can be very helpful in providing better and more efficient health care. For instance, the greater the percentage graduates who have less debt, the more medical school graduates who can afford to go into new paradigms such as direct care. This also then creates a certain level of competition with the more regulated and bureaucratic, government-orient health care that today has become the standard. The competition can lead to more efficiencies in the latter. In terms of this large donation from the Ohio Osteopathic Foundations, please note that the bulk of it is going to the "translational" (whatever that means) research to improve health care and health education.
Last Edited: 1/25/2025 12:09:26 AM by OhioCatFan