Tuesday, January 10, 2012

Report: CMU officials began recalculating medical school costs month before $5M miscalculation made public

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Central Michigan University officials knew a month before going public that planners underestimated the startup cost for the College of Medicine because the new school lacked requirements set by the nation’s accrediting agency for M.D.-granting medical schools, the college’s student newspaper reports today. In November, officials raised the estimated cost of the College of Medicine to more than $30 million from an earlier $25 million projection. Central Michigan Life’s Theresa Clift reported in today’s issue that administrators knew the original projection was low in October but wanted a month to investigate the size of the miscalculation before announcing the news. The recalculation came after officials realized the school wouldn’t meet Liaison Committee on Medical Education standards, the newspaper reports. CMU officials hope the national committee accredits the medical school.

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