Olson was among 20 rising fourth-year medical students to receive the scholarship. Recipients were nominated by their medical schools and chosen based upon their academic standing and financial status, as well as community involvement, letters of recommendation and personal statement. Each student will receive a $10,000 scholarship to help defray medical school expenses.
“These students are truly awe-inspiring. Not only do they possess outstanding academic achievements, but they have also made the commitment to improve public health through volunteer activities, research and leadership roles in their communities,” said AMA Foundation President Barney Maynard, MD. “By helping to alleviate their debt load, the AMA Foundation provides them with financial relief and encouragement to attain their professional goals. We are proud to play a role in supporting the future generation of physicians.”
As the philanthropic arm of the American Medical Association, the AMA Foundation has made it a priority to assist medical students in handling the rising cost of medical education. The Physicians of Tomorrow Scholarships were created in 2004 to provide financial assistance to medical students facing spiraling medical school debt. On average, medical students in the U.S. graduate with a debt load of nearly $155,000. A large debt burden may deter many from practicing in underserved areas of the country or practicing primary care medicine.