Dartmouth University, based in Lebanon, New Hampshire offers a fully funded MD-PhD Program. The MD-PhD Program at Dartmouth permits students to achieve the full potential of both degrees in an efficient and effective manner while gaining an understanding of the health care system as a whole. The MD-PhD program provides medical school tuition deferment (which becomes a full waiver upon completion of the Ph.D.), health insurance, and a competitive stipend for its trainees. For the 2014/15 academic year, the stipend is $27,720.