Navigating the Costs of Icahn School of Medicine at Mount Sinai
The Icahn School of Medicine at Mount Sinai, a renowned private institution located in New York, NY, is a popular choice for aspiring medical professionals. Understanding the costs associated with attending this prestigious school is crucial for prospective students and their families. This article provides a comprehensive overview of the tuition, fees, and other expenses related to pursuing a medical degree at the Icahn School of Medicine.
Overview of Icahn School of Medicine
Icahn School of Medicine at Mount Sinai is a small, private institution located in New York, NY. Icahn School of Medicine at Mount Sinai offers undergraduate degrees in 17 majors. The degree program or major you pursue is major. Icahn School of Medicine at Mount Sinai is known for one of its top majors: Medicine.
In 2023, 384 degrees were awarded across all undergraduate and graduate programs at Icahn School of Medicine at Mount Sinai (193405). 63.5% of these degrees were awarded to women, and 36.5% awarded men. The most common race/ethnicity group of degree recipients was white (134 degrees), 1.28 times more than then the next closest race/ethnicity group, asian (105 degrees).
Tuition Costs
In 2023, the cost of tuition at Icahn School of Medicine at Mount Sinai (193405) was $0. The cost of tuition at Icahn School of Medicine at Mount Sinai (193405) is $−15,164 less than than the overall (public and private) national average for Special Focus Institutions ($15,164).
It is important to note that tuition costs can change. For the most up-to-date and accurate information, it's best to consult the official Icahn School of Medicine website or contact their financial aid office directly.
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Other Student Expenses
The average yearly cost of room and board at Icahn School of Medicine at Mount Sinai (193405) was of $0 in 2023. The cost of room and board remained the same by NaNk% between 2022 and 2023.
Beyond tuition, students should also budget for other essential expenses such as:
- Room and Board: Housing costs can vary depending on whether students choose to live on-campus or off-campus. On-campus housing may include dormitories or apartment-style accommodations. Off-campus housing options include apartments, shared houses, or other rental properties.
- Books and Supplies: Textbooks, course materials, and other academic supplies can add up quickly.
- Health Insurance: Medical students are typically required to have health insurance coverage.
- Personal Expenses: These may include food, transportation, clothing, entertainment, and other miscellaneous costs.
Student Loan Default Rate
In 2022 the default rate for borrower's at Icahn School of Medicine at Mount Sinai (193405) was 0%, which represents 0 out of the 154 total borrowers.
A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.
Enrollment Statistics
Icahn School of Medicine at Mount Sinai (193405) had a total enrollment of 1,234 students in 2023. The full-time enrollment at Icahn School of Medicine at Mount Sinai (193405) is 1,234 students and the part-time enrollment is 0. This means that 100% of students enrolled at Icahn School of Medicine at Mount Sinai (193405) are enrolled full-time.
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The enrolled student population at Icahn School of Medicine at Mount Sinai (193405), both undergraduate and graduate, is 31.6% White, 23.2% Asian, 11.6% Hispanic or Latino, 8.91% Black or African American, 2.11% Two or More Races, 0.324% American Indian or Alaska Native, and 0.162% Native Hawaiian or Other Pacific Islanders. Students enrolled in full-time Graduate programs are most commonly White Female (20.3%), followed by Asian Female (12.8%) and White Male (12.5%).
Graduates
In 2023, 104 more women than men received degrees from Icahn School of Medicine at Mount Sinai (193405). The most common race/ethnicity group of degree recipients at Icahn School of Medicine at Mount Sinai (193405) is white (134 degrees awarded). There were 1.28 times more white recipients than the next closest race/ethnicity group, asian (105 degrees).
The most common Professional Doctorate concentration at Icahn School of Medicine at Mount Sinai (193405) is Medicine (137 degrees awarded).
In 2023, the most specialized majors across all degree types at Icahn School of Medicine at Mount Sinai (193405), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Biology (154 degrees awarded) and Health (230 degrees).
Common Jobs by Major
The most common jobs for people who hold a degree in one of the 5 most specialized majors at Icahn School of Medicine at Mount Sinai (193405) are Registered nurses (1,524,472 people), Physicians (497,530 people), Medical & health services managers (196,765 people), Pharmacists (195,011 people), and Other managers (171,604 people).
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The most specialized majors at Icahn School of Medicine at Mount Sinai (193405) in 2023 are Biology (154 degrees awarded) and Health (230 degrees) (as of 2023).
Common Industries by Major
The most common industries for people who hold a degree in one of the 5 most specialized majors at Icahn School of Medicine at Mount Sinai (193405) are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,980,722 people), Colleges, universities & professional schools, including junior colleges (388,633 people), Offices of physicians (386,113 people), Elementary & secondary schools (369,484 people), and uninformed (363,309 people).
The most specialized majors at Icahn School of Medicine at Mount Sinai (193405) are Biology (154 degrees awarded) and Health (230 degrees) (as of 2023).
Sex Breakdown for Common Majors
In 2023, 140 degrees were awarded to men at Icahn School of Medicine at Mount Sinai (193405), which is 0.574 times less than the number of degrees awarded to females (244).
Race & Ethnicity by Share
The most common race/ethnicity at Icahn School of Medicine at Mount Sinai (193405) is white (134 degrees awarded). There were 1.28 times more white recipients than the next closest race/ethnicity group, asian (105 degrees).
Endowment
Icahn School of Medicine at Mount Sinai (193405) has an endowment valued at about $866M, as of the end of the 2023 fiscal year. The endowment of Icahn School of Medicine at Mount Sinai (193405) declined 13.4% from the previous year. The value of their endowment was $854M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.
Salary Expenditure
In 2023, Icahn School of Medicine at Mount Sinai (193405) paid a median of $2.37B in salaries, which represents 64.8% of their overall expenditure ($3.65B) and a 4.04% decline from the previous year.
Additional Financial Considerations
Debt-Free Financial Aid
Some medical schools, such as Weill Cornell, NYU Grossman, and Columbia, now offer debt-free financial aid, meaning that eligible students won’t have to take out loans. Depending on your financial need, tuition and fees may be entirely covered.
Cost of Living
Also, be sure to factor in additional costs such as housing and transportation-which will vary widely from student to student-when considering the full cost of attendance at each school.
Additional Costs
Including the cost of living while in medical school, there are additional costs such as entrance exams and applications for aspiring students, as well as licensing and residency interviews for upcoming and new graduates.
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