Review of US Medical School Finances, 1993-1994

Abstract

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