Medical Graduate Investment Act of 2024

The Medical Graduate Investment Act of 2024 provides federal grants to eligible medical schools to increase enrollment by at least 5% annually, focusing on schools serving underrepresented groups and underserved areas. It targets minority-serving institutions, historically Black colleges with medical school partnerships, and schools collaborating with tribal communities to train primary care physicians for rural, frontier, and tribal regions. Grants cover tuition, faculty costs (up to 20% of salaries), equipment, and clinical training, with a minimum $1 million annual grant per school over five years, funded by $60 million yearly from 2026-2030. Schools must provide 25% matching funds and report yearly on enrollment demographics, program use, and outcomes to the Secretary of Health.