2. The Rent vs. Mortgage Analogy Why should Idaho create a medical education program? Doesn’t buying seats do the job? Providing medical education is a lot like putting a roof over your head. You can rent or you can buy . One provides shelter on a month-to-month basis ; the other adds the benefits of autonomy and equity . One is buying a service; one is making an investment. In times of economic downturn, growing medical education (professors, staff, clinicians and students) in the state makes even more sense and will have a substantial economic payoff.
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4. Existing Resources in Health Professions and Medical Education at Idaho State University
9. Interdisciplinary Medical Education Programs Medical Discipline Partner Discipline Program Medicine Engineering Ph.D. in Biomedical Engineering M.D. Natural Science or Biomedical Engineering M.D.-Ph.D. Medicine, Biostatistics Mathematics Ph.D. in Biostatistics M.D. Business M.D.-M.B.A. Pathology, Pharmacology/ Toxicology Chemistry, Biology M.S. in Forensic Science
22. One-Time Startup Costs for Idaho MD Program 60 students per year; 240 total enrolled. All figures represent 2008 dollars. PLUS: Facilities (leveraging existing facilities for didactic instruction) $3,502,000 Faculty startup packages 5,000,000 Additional instructional equipment 200,000 Faculty and staff recruitment and relocation 2,337,300 TOTAL $11,039,000 Interim Financing $21,205,860
23. Funding Options 60 students per year; 240 total enrolled. All figures represent 2008 dollars. Option Student Tuition Level From Tuition State Support Total Funding Students pay all costs $44,617 $10,707,996 $0 $10,707,996 Students pay half of costs $22,308 $5,353,998 $5,353,998 $10,707,996
