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Saturday, February 4, 2012

The Fleecing of the Pharmacy Student

The tuition for pharmacy schools in California has reached new heights. The opening of more schools has not fostered any competition it seems. There are just more of them to lure in more students. The loan amounts that I hear from some fourth level students leaves me shaking my head. The current job market and stagnant pay only worsens the situation. These are the yearly costs of the eight schools currently in operation. These of course are not the total cost of their education. If you factor in room and board, transportation, etc., these figures are even more horrendous.

UCSF:              $33,000+
UCSD:             $33,000+
USC:                $44,000+
Loma Linda:     $44,000+
Touro:              $38,000+
Western:          $44,000+
CA Northstate: $46,000+
UOP:               $41,000+ (3 yr program--averaged out over 4 years)

How are these students going to pay their loans once they graduate? That is with the assumption that they can find a full time job if they want it. I get numerous requests for employment and many of the newer graduates that are finding employment are not getting offered a full time position. At part time, how much of their paycheck would go to their loan payment? It is ridiculous! More graduates will only worsen this...

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