 What is up you guys? Sit down and back with another video for you guys. So I know I've been getting a lot of questions you guys about like, how do I pay for PA school? You know, how did I pay for PA school? How do people in general pay for PA school? And I keep telling you guys, you know, you got to get out. You got to get a loan or you save up a lot of money and you go to really inexpensive PA school and you just pay it out of pocket because PA school is expensive. The bottom line is that on average, your private education PA school is about $90,000 and your public out of state education school is about $80,000. So that's a lot of coins that you're going to have to shed out. Obviously there's a reason I would say that, you know, some schools are so expensive and, you know, you want to be able to be as well informed as you can and make the best decision for you and your pockets. So we are going to be talking about why PA school is so expensive. Why medical education in general is so expensive and what you can do to kind of combat that. Okay, so let's get in the video right now. Hey, what's up you guys? So I talked about, you know, the expensive medical education, PA education and med school is hecka expensive, okay? On average, med school education will cost you over $200,000 in terms of debt that you will come out with as opposed to your like 90,000, maybe 150,000 depending on the program, obviously of debt you'll come out with in PA school, but we're talking about an average. And so why is that right? Why is medical education so expensive when all I want to do is save some lives, right? All I want to do is go on and be a provider. So the golden question of me just wanting to save lives and why I have to spend so much money to make that happen is partially due because of supply and demand. Okay, so let's go way back into like your high school undergraduate years where you learned about economics and you learned about supply and demand. So supply and demand says that if the demand for services and goods increase then and the supply is low, then the price will follow, right? The price will also increase. So it's the same with PA school. You guys have seen like all of these like we're number one. I've been talking about it. The number one job by US News. So the PA profession is number one right now. I think we're like number three or so we're like the number three top job in the US. Maybe number two. I have to look at that again but there has been quite a huge push and demand for APPs like PAs and nurse practitioners in the past few years in terms of what it costs to go to these schools versus what you the benefits that you'll reap, right? But the demand is high. Now with the demand being high, we have to look at the supply. Is the supply low? Well for PA school it is. Although we're looking at PA programs and we're like dang there's new PA programs popping up every single year and there's over 300 programs right now. On average your PA program is only allowing 40 students into a class, okay? So yes 40 students even if we look at it conversely to a med school where you want to say med school takes four years, PA school takes two years or 27 months. Even if you go four years that's 80 students being admitted each class. So the supply is still very low and therefore the price is going to increase. So that is one reason why PA school is expensive because supply is low demand is high and therefore we have to increase that price to accommodate. Now I know some of you are like I don't know like what the freak I'm very like I don't believe that this is just a money grab like they're just trying to milk you, suck us for all the money that you have and maybe there are some programs that are looking at this and they're like man like this is this is a market that we haven't tapped into and for sure we need some extra funds coming into our university. So let's start a PA program but even in that process it takes money okay and it takes money to start a program and keep a program running. So let's look at that right? Let's look at just the instructional cost of you know starting a PA program. You're going to be doing all this research and pumping all this money into building the facility and to getting cadavers into keeping the cadavers up like you may have to pull in cadavers right every year after a new class has gone through their anatomy and dissected through these cadavers. You're you're pulling in another set of cadavers at minimum for right if depending on the class size for you to actually have your students be able to understand what the human body looks like on the inside. You're paying for all of these different resources in terms of like learning how to read an MRI or CT. You're paying for ultrasound machines. You're paying for otoscopes and ophthalmoscopes and blood pressure cuffs. You're doing all of these various different things because it costs to run a PA program. And so we have to look at that. You have to look at the activities that the schools may go on. You have to look at affiliation agreements. You have to look at if they have to pay their preceptors. All of these things cost money. And now I'm not trying to give PA schools and medical schools and you know this education of pass in that. Okay like yeah. All right it costs so you guys are going to charge us more money to kind of pay for your professors and all of that stuff and pay for activities and our education just in general because it's a give and take. No I'm not doing that because I am still of the camp of why I myself left PA school with over $80,000 worth and debt and I'm like dang that's a lot of money but what is the payoff right you know and that's something that you really have to look at. Another thing I just kind of want to put into your mind another economic just kind of class for you is that the idea of inflation. So we talked about supply and demand we talked about just instructional costs and now I'm going to touch on inflation. So inflation is simply the progressive increase of price for services and goods over time and now obviously with inflation that decreases the purchasing power of money and it does a whole lot to destabilizing economies and we can go into a whole nother conversation about inflation. I know if any of you are into stocks you are well aware of inflation because inflation is pummeling the stock market right now but it not only addresses that right inflation also affects how how like what we eat what we pay for what we eat what we pay for our houses that we're trying to buy what we pay for our education essentially all aspects of our lives. So what does inflation do to our education and the cost of education. Well let's look back you know to 1967 let's say on average P.A. school really cost $10,000. Okay for your full education you were going to P.A. school for 10 grand. Well if you take that same 10,000 from 1967 and you take it through inflation over the course of these last years to 2022 you will be paying over $80,000 worth of money for P.A. school for your P.A. school education. Now that's a lot of money and inflation does that to the economy and does that to our education and if you look at the average cost of P.A. school it's really right on par. So with that being said what can you do to combat like inflation supply and demand just these absorbent core costs of P.A. school well you can save if you are interested in being a part of P.A. the P.A. profession in general and you know this way ahead of time start saving your money now you can also look at programs that don't cost that much. There are public programs that are in state that are either like through a community college or in conjunction with the community college that cost about $50,000 for your full education. $50,000 versus some of these schools that I've been researching that cost over $120,000 that is a huge save. So you can do that you can also just look for scholarships look for grants and then obviously take out a loan as your last and final resort because you're not to pay that money back but at the end of the day if you really want to try to save money I think the main thing for you to do is to do your research and look for schools that fit your price tag whatever that may be. Okay, that is my little tidbit on why medical education and specifically P.A. education is so freaking expensive. If you guys have any other questions for me please leave them in the comment section below. If you haven't already done so like this video go ahead and subscribe and follow me on Instagram and down the P.A. and on Instagram at Get That See University. Thank you guys so much for watching. I will talk to you guys next time. Bye.