Two More Scholarships That Medical Students Should Consider 

Number 2:  AMA Foundation Minority Scholars Award 

This scholarship is a step up from the ACLS Scholarship presented in Number 1 in terms of payout and you can expect to receive $5,000 annually during your 1st and 2nd years of Medical School.  Like the name implies, this scholarship is only available for minorities in Medical School.  In order to become eligible for this scholarship, an applicant must fill out the application form as well as a financial needs form.  A hopeful recipient must also include a Personal Statement as well as recommendation letters from the Dean of the Medical School and a member of Faculty at his Medical School. The requirements are very obtainable for those in Medical schools around the U.S. and should be worthwhile venture if you are in a minority group. 

This is a nice offer but unfortunately, it is not available for everyone and the payout is only $10,000 if you are the winner of the award.  Fear not, though, a better scholarship is next. 

Number 3:  The F. Edward Hebert Armed Forces Health Professions Scholarship Program 

Hopefully you've read this far because I have saved the best pay-out for last.  If you chose to pursue this scholarship, you will not only have 100% of your medical tuition paid for but you will also receive a $2,000 stipend every month for additional expenses that you may have outside of Medical School.  This scholarship also comes with a $20,000 signing bonus so you will not have to worry about anything realistically during your Medical training.  

In order to be eligible for this opportunity, a candidate must be a U.S. citizen and received a Bachelor's degree from an accredited school. They must also have proof of acceptance into an accredited Medical school in the United States or Puerto Rico and maintain full-time status during their enrollment in Medicine.  They must also pass a background check as one of the requirements to become a commissioned officer.  

If you like the program, there is also an opportunity to receive similar benefits if you wish to receive Residency training or Fellowship training.  You will receive higher salaries than what you could expect in the general healthcare system and may have an easier time finding a residency position in a specialty that you enjoy.  

In order to "pay-off" your obligation, a Medical Doctor must pay back one year of service in the U.S. Army for every year they have received the scholarship.  These same conditions apply for Residency or even Fellowship training.  This return-of-service is also common in Canada and various countries around Europe. 

I was considering this option before ultimately deciding not to but have a few college friends that elected to do this option.  You have a "basic" training and do not have to do the grueling workload that your training regimen has to follow.  You have no expenses to worry about and you have one of two options when it comes to Residency.  If you qualify for a Residency Program without the Army's assistance, you will be able to choose your location of where you complete your service.  

If you scores do not allow you to qualify for a competitive Residency, the Army will help you get into a Residency Program but require you to work where there could be active military operations.  It may not be ideal, but if you push yourself and can work in a military base for 4 years in Germany, that is much more desirable than a base in the Middle East.