Amid outrage and controversy, Australia's newest full-fee medical school opened its doors on Monday, welcoming about 50 fresh-faced students who have the ability to cough up $250,000 for the privilege.

While they too welcomed the aspiring doctors, the Australian Medical Students' Association (AMSA) and Australian Medical Association (AMA) lambasted Macquarie University for its "short-sighted cash grab", saying the degree didn't come with a guarantee of an internship and would cause greater bottle necks in the training system.

“The pipeline is stretched and bursting; in 2016 we had 200 medical graduates left without an internship which you need to become a qualified doctor,” said AMSA president Alex Farrell.

Alex Farrell, president of Australian Medical Students' Association, says the opening of Macquarie University's new medical school is not a good thing.

“Macquarie University is irresponsibly profiting from the dreams of young students [because] these students may end up with a six-figure debt and no job.”