The WCI Medical Faculty Scholarship

Tens of 1000’s of {dollars} in scholarship cash and prizes will likely be out there to medical, dental, and different skilled diploma college students who earn one of many 10 scholarships we’re awarding. Here is what you could know.

Objective of the WCI Medical Faculty Scholarship

We’re very grateful for the monetary success that The White Coat Investor has seen. Though WCI has all the time been a for-profit enterprise, its major objective is to “assist those that put on the white coat get a good shake.” The White Coat Investor Medical Faculty Scholarship is a method for the whole WCI neighborhood to “pay it ahead.” This neighborhood consists of weblog readers, podcast listeners, Fb Group and WCI Discussion board members, WCI redditors, sponsors, workers, and house owners.

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

Functions will likely be accepted from June 1 by way of August 31, 2025. 

Necessary Utility Data

Who Can Apply? 

Solely skilled college students enrolled full-time in knowledgeable college situated in the US for the 2025-2026 yr and who’re verified to be in good tutorial standing are eligible. Meaning medication, osteopathic medication, podiatry, dentistry, regulation, pharmacy, optometry, doctor assistant, nurse practitioner, CRNA, anesthesiologist assistant, or veterinarian. We will even think about bodily remedy and occupational remedy college students if this system results in a doctorate diploma.

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

What Does an Utility Consist Of?

You have to to fill out the applying, which is able to ask in your title, college, e mail tackle, and comparable data. You’ll then be required to submit an 800-1,200 phrase essay written in English. The phrase rely is STRICTLY enforced. If you’re over or beneath the phrase rely, your essay will likely be disqualified. You might not connect a Phrase doc. It have to be pasted straight into the applying. Emailed submissions is not going to be accepted. Should you win, your essay will likely be revealed on The White Coat Investor weblog. Submitting an utility is taken into account your settlement to having your essay revealed alongside along with your title and movie. No nameless entries.

Essay Subject

Submit an essay that matches the subject of an “Inspiring Story.” In previous years, now we have had a number of essay subject classes, however this yr there’ll solely be one class. Ten winners will likely 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 career; 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. Further factors will likely be given if there’s a monetary element to your essay.

You will discover hyperlinks to previous profitable essays under.

For all the Guidelines/FAQ, click on right here

2025 Prize Cash

As soon as once more, we’ll preserve the prize cash easy. There will likely be 10 winners, and we’ll cut up the prize cash between all of them equally. Every winner will 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 fully to the winners.

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

1. $25,000 from The White Coat Investor
2. Donations from company sponsors
3. Donations from WCI readers, listeners, and neighborhood members

WCI Medical Faculty Scholarship Sponsors 2025

Thanks to the scholarship sponsors!

Platinum Stage Contributors ($8,000 or extra)

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

Gold Stage Contributors ($1,500 or extra)

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

Silver Stage Contributors 

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

Bronze Stage Contributors

Guidelines/FAQ

When Can I Submit My Utility?

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

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

What Ought to I Write About?

Inspiring Tales are true tales about you, your loved ones, and your background; why it has led you into your career; 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. Further factors will likely be given if there’s a monetary element to your essay.

Judges will likely 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 title and picture will likely be revealed alongside along with your essay in case you are 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 submit our flyer and e mail it to everybody you may 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 doubtless discover out the week earlier than when they’re requested to ship us a headshot image. We’ll additionally ship out an e mail to all candidates to allow them to know the winners. We’ll additionally use your e 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 when you unsubscribe from all the things we ship you (the nuclear unsubscribe button), you will not get that e mail asserting the winners.

How Does the Choice Course of Work?

You will 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. If you’re chosen as a winner, we are going to confirm your attendance and good standing.

There will likely be three rounds of judging. WCI workers is not going to be doing any of it. WCI readers and listeners who volunteer to guage 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 understand the present dimension of the grand prize pot. The extra readers and listeners who donate, the bigger the scholarship will likely be. At the moment, the whole raised is $40,750 in money, plus prizes.

Over the past 10 years, now we have given away a complete of $543,411 in money, plus tens of 1000’s of {dollars} in prizes.

Is the Prize Cash Taxable?

It will depend on how the winners use the cash.

Typically talking, a scholarship or fellowship is tax-free in case you are a level candidate and if the award is used to pay for tuition and required charges, books, provides, and gear. Nonetheless, 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 dwelling bills are taxable.

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

How Can I Volunteer to Be a Decide?

We count on a whole bunch of submissions, and for the reason that WCI workers gained’t be doing any screening to remove bias, we’re going to want loads of judges. If you’re a working or retired skilled (no college students or residents) and can be keen 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 e mail to [email protected] with the phrases “Volunteer Decide” within the topic line. You’ll have just a few days for the duty however not just a few weeks. Should you uncover you can not fulfill this obligation at any level, please advise us ASAP so we are able to discover another person.

Are My Donations Tax-Deductible?

Neither The White Coat Investor nor the scholarship is a registered charity, and donations aren’t 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). It’s also possible to ship checks to:

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

Your entire quantity donated will likely be given to the profitable candidates. We cowl all of the bills of administering the scholarship.

What Do Company Sponsors Get for Sponsoring the Scholarship?

Apart from realizing you might be serving to The White Coat Investor, LLC to meet its necessary mission, every successive degree of sponsorship comes with extra perks (primarily promoting advantages). If you’re thinking 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 season as a part of the Platinum sponsorship bundle.

Previous Scholarships

2025 would be the eleventh yr we do the WCI Medical Faculty Scholarship. Earlier winners (and prizes) embody:

2015 was the primary yr we awarded a scholarship. The winner, chosen by a volunteer committee of readers, was Landon Woolf, whose profitable essay will be discovered right here. Excerpts from different exceptionally good essays will 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 duplicate 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 duplicate 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 selection. 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 selection. The highest 5 additionally obtained a duplicate of the WCI Monetary Boot Camp guide for each member of their class and a few money. The grand prize winner, Allison Neeson, took dwelling $42,660. Second place went to Momina Mazhar, with a test for $21,330. Third place and a test 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 cut 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 bit. 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.