Through its Strategic Plan, PCOM has taken bold action to suppress rates of tuition increase and to expand need-based scholarship, grant programs and lender aid in order to reduce student indebtedness. For the past five years, osteopathic medical students have experienced a reduction in the percentage of tuition increases.

Combined financial results in fiscal 2008 for Philadelphia College of Osteopathic Medicine were varied. Net assets from operations contributed $16 million while net assets from non-operating activities declined $12 million. Contributing to the non-operating declines was a 2.9 percent loss on financial market returns and the liquidation of the PCOM Defined Benefit Pension Plan. The College maintained its strong total assets balance of $265 million, and net assets increased 2 percent to $193 million.

Georgia Campus – PCOM has enrolled its fourth class of osteopathic medical students and will graduate its first DO class in May 2009. Operating as a division of PCOM, GA–PCOM has helped to create operational efficiencies to keep tuition costs lower for students in both locations.

While the operations of PCOM Student Loan, LLC., were suspended in May 2008 as a result of the new market conditions, the program awarded approximately $2.7 million in scholarships in fiscal 2008. The program generated $2.9 million in fiscal 2008 to award in the new academic year, before it is closed.

PCOM continues its strong relationship with the Commonwealth of Pennsylvania receiving support via non-preferred appropriations.

A financial report is available upon request. Please write to:

Peter Doulis, CPA
Vice President for Finance & Chief Financial Officer
Philadelphia College of Osteopathic Medicine
4190 City Avenue
Philadelphia, Pennsylvania 19131-1693