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I want to know where all of the P4 money goes. I'm a preceptor and we (the site, not me) get paid but it's 25-30% of what my students pay in tuition to state schools. WTF happens to the rest of that money?
Cost of education, year one: $35,000
Cost of education, year two: $35,000
Cost of education, year three: $35,000
Cost of education, year four: $12,000
Now, a school could charge that at face value, and offer a discount to the P4's.
Or, a school could average the cost over all four years and charge the mean cost per year (in this instance, $29,250 per year times four years). Sure, the P4 year doesn't cost $29k...but then again neither do the P1-P3 years. Most schools do this.
And then there is USP, which seems to undercharge for year years 1-5 (if you can call $29k/year an undercharge) and then a final year of $45,700. Hope you've got your pennies saved pwb2!