$295,000 In Medical School Debt... Why do medical schools charge students so much money?

Rob Centor:

"Why do medical schools charge students so much money? It was not this way when I went to medical school. I paid an average of $1000 per year in the early 1970s.

Using an inflation calculator, that would become around $5000 per year in current dollars. Yet that same school and most state schools charge 3 times that much."

References:
http://www.huffingtonpost.com/2010/02/23/295000-in-medical-school_n_473601.html
http://www.medrants.com/archives/5327

Image source: OpenClipArt.org, public domain.