Hello everyone, welcome to the first video of my first ever YouTube channel, The Pre-Med Chronicles. Today, we will be discussing the HPSP scholarship, which stands for Health Professions Scholarship Program through the US military, and whether or not this is the right option for you. The HPSP scholarship offers to pay for all of your 4 years of medical school, including tuition fees, insurance, and living expenses. In return, for each year you accept money from the military in the HPSP program, they expect you to give one year of your career back serving the military. So, if you take 4 years of support for all your expenses as a medical student, you would be required to serve four years in the military later on down the line. Now, the time you serve can either be as a general practice doctor, in which case you only have to complete one year of internship following medical school, or you can give back your years after you complete residency in your given specialty. When deciding whether or not to accept the HPSP scholarship, I think there are three main considerations. The first is financial – can you afford to go to medical school without the HPSP program? The second is specialty choice – competitive specialties in the military are going to be more difficult to get into compared to the civilian route. Lastly, is how you feel about the military – is serving your country something that's important to you? Okay, let's dig into the finances of it. I'm going to talk about first the cost of a medical education, second income during residency, and then third, your income in your first four years as an attending. I picked four years because if you take the HPSP scholarship for four years, this is the number...
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