How do you qualify for HPSP?
Grade-Point Average (GPA) + Medical College Admission Test (MCAT) Scores. In general, an applicant for the HPSP or USU should have a minimum GPA of 3.0 and a minimum MCAT score of 500. A competitive applicant should have a GPA of at least 3.6 and an MCAT score between 506 and 509.
How does the HPSP program work?
The Army, Navy, and Air Force offer a service scholarship to students who attend medical and dental school programs. If accepted, students receive full coverage of all tuition/fee charges as well as reimbursement of health insurance costs and other related school expenses.
What does HPSP pay for?
Not only does a HPSP scholarship cover all tuition, books, fees, it also provides a generous monthly stipend. Once doctors graduate from medical school, they will find that the salaries and benefits of being a military resident or fellow in a military training program far exceed civilian averages.
How competitive is HPSP scholarship?
How competitive is Army HPSP? The Health Professions Scholarship Program (HPSP) is not itself as rigorous as getting into medical school ( i.e. there are not 50x as many candidates in the HPSP class as spots are). It is competitive because it is a competitive medical school.
Is HPSP worth it financially?
The time value of money is 6% per year. This means that increased pay in medical school and residency is worth more than increased pay later. The HPSP student completes a military residency. The military physician makes approximately $130,000 per year while in the service.
Does HPSP pay for housing?
Once you graduate, you will begin your career as an O-3. Your base pay, housing allowance, and food allowance will be around $100,000 (based on the 2020 pay chart).
Do you get paid during HPSP?
Through the HPSP program, you get to attend any medical school you choose (you have to get accepted first). Your tuition is paid for by the U.S. Government, and you get a monthly stipend (income)!
Is Hpsp worth it financially?
What rank do you get after Hpsp?
Air Force HPSP recipients and Army HPSP recipients receive the rank of “Second Lieutenant” (promoted to captain at graduation). Navy HPSP recipients receive the rank of “Ensign” (promoted to lieutenant at graduation).
Does HPSP cover room and board?
The United States Navy helps finance your education by providing relief for everything besides room and board. Regardless, you could receive a monthly stipend and signing bonus to cover living expenses through HPSP.
How much do physicians make in the military?
Military attending physician pre-tax pay and allowances, in U.S. Dollars
| Pay and allowances | OB/GYN | Family Medicine |
|---|---|---|
| Senior staff BAH (yearly total) | $24,948 | $24,948 |
| IP (1-year rate) | $54,000 | $43,000 |
| BC pay | $6,000 | $6,000 |
| Total compensation |
Is HPSP taxed?
Here, I breakdown the financial benefits one receives in Army HPSP. You may check your finances at any time via the myPay website. Unfortunately, every bit of funding you get from HPSP is taxed.
What does HPSP stand for?
HPSP stands for Health Professionals Services Program (Minnesota) Suggest new definition. This definition appears somewhat frequently and is found in the following Acronym Finder categories: Organizations, NGOs, schools, universities, etc.
How competitive is HPSP?
It is competitive because medical school is competitive. In general, if you are good enough for US MD/DO schools, you are good enough for the HPSP. On the other hand, there is a strong negative opinion about military medicine here on SDN.
How competitive is the Army HPSP?
How competitive is Army HPSP? The Health Professions Scholarship Program (HPSP) is not itself as rigorous as getting into medical school ( i.e. there are not 50x as many candidates in the HPSP class as spots are). It is competitive because it is a competitive medical school.
