The WCI Medical College Scholarship

Tens of hundreds of {dollars} in scholarship cash and prizes will probably be out there to medical, dental, and different skilled diploma college students who earn one of many 10 scholarships we’re awarding. This is what it’s good to know.

Goal of the WCI Medical College Scholarship

We’re very grateful for the monetary success that The White Coat Investor has seen. Though WCI has at all times been a for-profit enterprise, its major function is to “assist those that put on the white coat get a good shake.” The White Coat Investor Medical College Scholarship is a approach for all the WCI neighborhood to “pay it ahead.” This neighborhood contains weblog readers, podcast listeners, Fb Group and WCI Discussion board members, WCI redditors, sponsors, employees, and homeowners.

The scholarship has no endowment fund so the scholarship cash is raised anew yearly. The aim of the scholarship is to immediately scale back the indebtedness of some college students and to advertise monetary literacy in skilled faculties.

Submit Your Software Right here

Purposes will probably be accepted from June 1 via August 31, 2025.

Necessary Software Data

Who Can Apply?

Solely skilled college students enrolled full-time in knowledgeable faculty positioned in the US for the 2025-2026 12 months and who’re verified to be in good tutorial standing are eligible. Which means medication, osteopathic medication, podiatry, dentistry, legislation, pharmacy, optometry, doctor assistant, nurse practitioner, CRNA, anesthesiologist assistant, or veterinarian. We may even contemplate bodily remedy and occupational remedy college students if this system results in a doctorate diploma.

No on-line faculties (brick and mortar solely).
No undergraduates.
If in case you have already obtained scholarships equal to or higher than the price of tuition at your faculty, you aren’t eligible.
No residents, even if you happen to’re a dental resident paying tuition. College students solely.
College students in Puerto Rico can not apply.

What Does an Software Consist Of?

You will want to fill out the applying, which is able to ask on your identify, faculty, electronic mail deal with, and comparable info. You’ll then be required to submit an 800-1,200 phrase essay written in English. The phrase depend is STRICTLY enforced. In case you are over or beneath the phrase depend, your essay will probably be disqualified. Chances are you’ll not connect a Phrase doc. It have to be pasted immediately into the applying. Emailed submissions won’t be accepted. For those who win, your essay will probably be printed on The White Coat Investor weblog. Submitting an software is taken into account your settlement to having your essay printed alongside together with your identify and movie. No nameless entries.

Essay Subject

Submit an essay that matches the subject of an “Inspiring Story.” In previous years, we’ve had a number of essay matter classes, however this 12 months there’ll solely be one class. Ten winners will probably be chosen with the prize cash being evenly divided.

Inspiring Tales are true tales about you, your loved ones, and your background; why it has led you into your occupation; and the way it will have an effect on your profession. Maybe the essay particulars an expertise that occurred to you at school that others would discover humorous, attention-grabbing, or inspiring. Additional factors will probably be given if there’s a monetary part to your essay.

You could find hyperlinks to previous successful essays under.

For the entire Guidelines/FAQ, click on right here

2025 Prize Cash

As soon as once more, we will preserve the prize cash easy. There will probably be 10 winners, and we will break up the prize cash between all of them equally. Every winner may even obtain a WCI T-shirt, a WCI insulated water bottle, the WCI Monetary Wellness and Burnout Prevention for Medical Professionals Course, a WCI Information for College students E book, and a Private Finance Bundle from Making Your Cash Matter. Since we’ll be protecting all of the bills of the scholarship, any cash that the viewers donates will go solely to the winners.

WCI will cowl the entire bills of working the scholarship and the price of the WCI gear and books. The prize cash comes from three locations:

$25,000 from The White Coat Investor
Donations from company sponsors
Donations from WCI readers, listeners, and neighborhood members

WCI Medical College Scholarship Sponsors 2025

Thanks to the scholarship sponsors!

Platinum Degree Contributors ($8,000 or extra)

The White Coat Investor, LL C
Matthew Wiggins (Doc Insure LLC) – Incapacity and Life Insurance coverage
Splash Monetary – Pupil Mortgage Refinancing and HELOC loans

Gold Degree Contributors ($1,500 or extra)

Chad Chubb (WealthKeel LLC) – Monetary Advising
Jon Appino (Contract Diagnostics) – Contract Evaluation/Negotiation/Compensation Evaluation
Josh Mettle (Neo Dwelling Loans) – Doctor Mortgage Loans
Dustin Peltier (Effectively-Being Wealth Methods) – Incapacity and Life Insurance coverage
Incrowd – Medical Surveys

Silver Degree Contributors

NW Legacy Legislation, P.S. – Property Planning and Probate

Bronze Degree Contributors

Guidelines/FAQ

When Can I Submit My Software?

The applying interval opened on June 1. The ultimate date for submission is August 31, 2025. Do not procrastinate.

In 2024, we had a file 1,190 purposes, smashing the earlier file of 990 in 2023. This may not be a straightforward competitors.

What Ought to I Write About?

Judges will probably be instructed to provide some credit score for the standard of the writing. The higher the writing, the higher your likelihood to win. Keep in mind, your essay have to be between 800-1,200 phrases. Too many or too few, and we’ll simply throw it out.

Can I Submit Anonymously?

No. Your identify and picture will probably be printed alongside together with your essay if you’re chosen as one of many 10 winners. If you don’t really feel comfy with that, do not apply for the scholarship. No exceptions.

How Can I Assist Unfold the Phrase?

Please obtain and publish our flyer and electronic mail it to everybody you’ll be able to consider!

Scholarship Flyer

When Will the Winners Be Introduced?

We anticipate asserting all 10 winners in October on The White Coat Investor weblog, though the winners will possible discover out the week earlier than when they’re requested to ship us a headshot image. We’ll additionally ship out an electronic mail to all candidates to allow them to know the winners. We’ll additionally use your electronic mail to signal you as much as get the month-to-month WCI Publication. Don’t be concerned: it is free and you may unsubscribe at any time. However if you happen to unsubscribe from every part we ship you (the nuclear unsubscribe button), you will not get that electronic mail asserting the winners.

How Does the Choice Course of Work?

You may be assured that if you don’t observe the instructions contained on this web page, you’ll not be chosen as a finalist. English. Proofread. 800-1,200 phrases. In case you are chosen as a winner, we are going to confirm your attendance and good standing.

There will probably be three rounds of judging. WCI employees won’t be doing any of it. WCI readers and listeners who volunteer to evaluate will be randomly assigned to their essays.

How A lot Money Has Been Raised So Far?

We’ll replace this web page as the competition goes on to let you realize the present measurement of the grand prize pot. The extra readers and listeners who donate, the bigger the scholarship will probably be. At present, the whole raised is $40,750 in money, plus prizes.

Over the past 10 years, we’ve given away a complete of $543,411 in money, plus tens of hundreds of {dollars} in prizes.

Is the Prize Cash Taxable?

It depends upon how the winners use the cash.

Usually talking, a scholarship or fellowship is tax-free if you’re a level candidate and if the award is used to pay for tuition and required charges, books, provides, and gear. Nevertheless, there are some scholarship and fellowship alternatives that aren’t tax-exempt. Any quantities used to pay for room and board and a stipend for residing bills are taxable.

For those who obtained a taxable scholarship or fellowship that was not reported to the IRS on a W-2 or 1099 kind, you might be required to incorporate it on line 7 and write “SCH” to the left. For those who report taxable scholarship or fellowship revenue on this trend, it’s clever to connect an explanatory letter to your return, particularly if you happen to exclude any required instructional bills.

How Can I Volunteer to Be a Choose?

We anticipate a whole bunch of submissions, and for the reason that WCI employees gained’t be doing any screening to eradicate bias, we’re going to wish quite a lot of judges. In case you are a working or retired skilled (no college students or residents) and can be prepared to learn and rank a number of 1,000-word essays in a well timed method in some unspecified time in the future in September, please ship an electronic mail to [email protected] with the phrases “Volunteer Choose” within the topic line. You’ll have a number of days for the duty however not a number of weeks. For those who uncover you can not fulfill this responsibility at any level, please advise us ASAP so we will discover another person.

Are My Donations Tax-Deductible?

Neither The White Coat Investor nor the scholarship is a registered charity, and donations usually are not deductible as a charitable contribution. Donations could also be deductible to you as a enterprise expense, nevertheless.

How Can I Contribute?

We will take contributions most simply by way of PayPal to [email protected] (use the “ship cash to family and friends” choice to maximise your contribution). You can too ship checks to:

Scholarship Fund
The White Coat Investor, LLC
P.O. Field 520421
Salt Lake Metropolis, Utah
84152-0421

All the quantity donated will probably be given to the successful candidates. We cowl all of the bills of administering the scholarship.

What Do Company Sponsors Get for Sponsoring the Scholarship?

Except for figuring out you might be serving to The White Coat Investor, LLC to meet its vital mission, every successive degree of sponsorship comes with extra perks (primarily promoting advantages). In case you are curious about changing into a Platinum, Gold, or Silver degree sponsor, contact [email protected] for particulars. You’ll discover some sponsored posts on the weblog this summer time as a part of the Platinum sponsorship bundle.

Previous Scholarships

2025 would be the eleventh 12 months we do the WCI Medical College Scholarship. Earlier winners (and prizes) embody:

2015 was the primary 12 months we awarded a scholarship. The winner, chosen by a volunteer committee of readers, was Landon Woolf, whose successful essay may be discovered right here. Excerpts from different exceptionally good essays may be discovered right here. Landon obtained a money award of $12,625.

In 2016, our winner was Joshua Fullmer who obtained a prize of $15,600. Our second-prize winner gained $7,600, and Katherine Bakke gained a third prize of $2,500. Brian Warden gained a $100 Amazon present certificates and a replica of The White Coat Investor: A Physician’s Information to Private Finance and Investing for every member of his class for fourth place. Conor Smith gained a $100 Amazon present certificates for fifth place.

In 2017, our grand prize winner was Andrew Goates who obtained a prize of $21,400. Second place went to Natalie Moreno with a $10,700 prize. Third place went to Adam Goode, for $3,570 in money. Fourth place, a $100 present certificates, and a replica of the WCI guide for every member of his class went to Joshua Weinberg. Fifth place, a $100 present certificates, went to Samuel McMillen.

In 2018, the highest 5 winners obtained entry to a WCI on-line course of their alternative. As well as, our grand prize winner Jaclyn Mauch obtained a prize of $28,887. Second place, Yidan Xu, obtained a prize of $14,444. Third place and $4,815 went to Carlos Garcia. Fourth place, $2,000, and a WCI guide for each member of the category went to Nate Alder. Fifth place, $1,000, and a WCI guide for each member of the category went to Brent Wright.

In 2019, the high 10 winners obtained entry to a WCI on-line course of their alternative. The highest 5 additionally obtained a replica of the WCI Monetary Boot Camp guide for each member of their class and a few money. The grand prize winner, Allison Neeson, took house $42,660. Second place went to Momina Mazhar, with a verify for $21,330. Third place and a verify for $7,110 went to Evan Mercer. Fourth place and $2,000 went to Oluwatomisin Bello. Fifth place and $1,000 went to Iman Khan.

In 2020, we had 10 winners: 5 grand prize ($12,000 and a WCI on-line course) winners and 5 second prize ($2,000 and a WCI on-line course) winners. You may learn their essays right here.

In 2021, we break up the essays into two classes: Inspiring Tales and Monetary. Every class had 5 winners for a complete of 10 grand prize winners, all of whom obtained $7,671. You may learn all of the essays from the 5 Inspiring Tales winners and from the 5 Monetary winners.

In 2022, we once more awarded 10 scholarships (5 for Inspiring Tales and 5 for Monetary), and the winners obtained $7,841 a chunk. You may learn all of the essays from the 5 Inspiring Tales winners and from the 5 Monetary winners.

In 2023, our 10 scholarship winners every obtained $5,945. You may learn all of the essays from the 5 Inspiring Tales winners and from the 5 Monetary winners.

In 2024, our 10 scholarship winners every obtained $5,920. You may learn all of the essays from the 5 Inspiring Tales winners and from the 5 Monetary winners.

The WCI Medical College Scholarship