BCMSMedicalRecordSpring2017 - 13

Connor's Estimated Undergraduate
Expenses
In 2017, Drexel's tuition and fees were set at $48,791. Ok, that I
can live with....
Room and Board and meals are an estimated $14,367. Whoa!
What the heck happened to Raman noodles and a tinder box of an
apartment held up with pizza boxes and beer posters?
Books and supplies are an estimated $2,554. Does each book come
with a Faberge egg?
Drexel was also kind enough to factor in other "personal"
expenses estimated at $4,278. Where are these kids coming from,
Buckingham Palace?
That creates a grand total of $69,900 in tuition and expense
for 2017. Which is fine, until you remember Connor is only five.
So let's factor in $69,900 with an annual 5% tuition increase and
a 3% cost of living increase...compounded over 14 years, shall
we? Click...clickety...click...click...click... carry the two...and...
Thud.......................................
I am sorry, I just came to.
According to my figures, when Connor starts freshman year
at Drexel, tuition and expenses could possibly be starting at
$128,668.23. And over the next four years, he could potentially
accumulate close to $550,000 in undergraduate college debt.
Now I know you are thinking, "T.J., Connor can dribble with his
head up with both his right and left hand. At age 5 surely that will
correlate to a full basketball scholarship by age 18."
I am sure you are right, but we still haven't calculated his medical
school bills.

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Connor's Medical School Expenses
Again, being the supportive and nurturing father I am, I did
what any parent would do and actually called the Perelman School of
Medicine Admissions Department at the University of Pennsylvania,
and confidently explained to an totally bewildered admissions
director that, "I have a five-year-old son who wants to be a pediatric
ophthalmologist and attend your University. I would like to know
how much tuition and expenses would be in 2035."
To my utter amazement they did not have that figure available.
But they were kind enough to provide me with their current fouryear tuition and expenses plan.
2017 tuition for Perelman School of Medicine is set at $58,809.
An additional $3,528 in health insurance and education expenses
continued on next page

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