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Review of US Medical School Finances, 1993-1994

Janice L. Ganem, CPA; Robert L. Beran, PhD; Jack K. Krakower, PhD
JAMA. 1995;274(9):723-730. doi:10.1001/jama.1995.03530090055022.
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THIS ANNUAL financial review of the 126 US medical schools accredited by the Liaison Committee on Medical Education (LCME) reports revenues and expenditures for fiscal year 1993-1994 and identifies patterns in the financing of medical education during the past 3 years. To display recent patterns in medical school financing amid the current economic climate, we chose 1991-1992 as the base year. The review also highlights changes in student financial aid during a 3-year period and differences in the funding of public and private medical schools for fiscal year 1993-1994.

DATA SOURCES AND CHARACTERISTICS  For the 1993-1994 fiscal year, all 126 LCME-accredited US medical schools responded to the LCME's Part I-A annual financial questionnaire (AFQ). For the same fiscal year, 125 accredited US medical schools reported their financial aid information on the LCME Part I-B student financial aid questionnaire. This analysis used data derived from the results of these questionnaires.Where


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The American Medical Association is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians. The AMA designates this journal-based CME activity for a maximum of 1 AMA PRA Category 1 CreditTM per course. Physicians should claim only the credit commensurate with the extent of their participation in the activity. Physicians who complete the CME course and score at least 80% correct on the quiz are eligible for AMA PRA Category 1 CreditTM.
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