I hate to think about it, but if I sit down and crunch the numbers, Paramedic school was close to a financial disaster for me. I already had a decent paying full time job when I started it. but I had to cut back my hours due to the huge number of clinical hours we had to do, the classroom time, the study time.
Tuition and books came out to over $7,000, not counting the cost of pre reqs or the cost of EMT school, but that cost is only part of the equation. Look at it this way. I wound up doing well over 600 hours of clinicals and ambulance time. If I had worked those nearly 700 hours, I would have made nearly $10,000 before taxes. Then factor in the time spent in class, the cost in gas, wear and tear on your car. Starting from EMT school, the cost of becoming a Paramedic probably cost me tens of thousands of dollars when everything is factored in.
Also keep in mind a lot of people fail or quit Paramedic school, which means all those costs up to that point went up in smoke.
The average Paramedic pay is like 35,000 a year. If you are 19 years old and living at home with the parents with no job prospects it might make sense, or if you are already a firefighter and a Paramedic license is all you need to get hired into a department full time, it might make sense. In just about any other scenario it doesn't, at least not financially.
Something to think about.