Although expenses at Albert Einstein College of Medicine will vary from student to student, the college bases its decisions regarding awarding financial aid on student eligibility for Federal Aid and cost-of-attendance estimates, or "budgets." Students are assigned a budget based on their academic program and class level. The budget includes all reasonable expenses the student might expect to incur. In addition, the budget consists of tuition and fees, health insurance, average housing expenses, money for food and other everyday expenditures, and money for personal expenses. Following are the estimated average costs for a medical student for the 2023–24 academic year.
| |
MD
1st Year
10 Months |
MD
2nd Year
10 Months |
MD
3rd Year
12 Months |
MD
4th Year
12 Months |
| EINSTEIN CHARGES |
| Tuition |
$59,458 |
$59,458 |
$59,458 |
$59,458 |
| Educational Technology Fee |
$3,979 |
$3,979 |
$3,979 |
$3,679 |
| Student Health Insurance* |
$6,236 |
$6,916 |
$6,916 |
$6,916 |
| Subtotal Tuition & Fees |
$69,673 |
$70,353 |
$70,353 |
$70,053 |
| EDUCATIONAL EXPENSES |
| Books & Supplies |
$1,950 |
$2,007 |
$1,100 |
$1,100 |
| National Board Fees |
$0 |
$645 |
$2,015 |
$0 |
| Residency Interview Cost |
$0 |
$0 |
$0 |
$3,200 |
| Subtotal Educational Expenses |
$1,950 |
$2,652 |
$3,115 |
$4,300 |
| LIVING EXPENSES |
| Room (Rent/Utilities = ($1,200/month) |
$12,000 |
$12,000 |
$14,400 |
$14,400 |
| Board |
$6,000 |
$6,000 |
$7,200 |
$7,200 |
| Grad Fee |
|
|
|
$100 |
| Personal |
$3,500 |
$3,500 |
$4,500 |
$4,500 |
| Transportation |
$2,000 |
$2,000 |
$2,000 |
$1,000 |
| Subtotal Living Expenses |
$23,500 |
$23,500 |
$28,100 |
$27,100 |
| Total |
$95,123 |
$96,505 |
$101,568 |
$101,553 |
*Student health insurance can be waived with proof of comparable insurance.
If a student incurs educational expenses that exceed the budget allocated, they should discuss this with the Student Finance Office.