Several new medical schools are in the pipeline. Any new MD-granting school must go through the application and accreditation process at the Liaison Committee on Medical Education. As of this writing, new schools which have applied for full status are:

Aria University

Arizona State

Brigham Young 

Methodist University

Texas A&M

University of Georgia

Xavier Ochsner

The stages of the accreditation process are numerous. The full directory of accredited medical schools can be found here.

New and upcoming osteopathic medical schools are:

Indiana University of Pennsylvania 

University of Northern Colorado

The Valley College of Osteopathic Medicine

Xavier University College of Osteopathic Medicine

For information on the accrediting process for osteopathic schools, see this.

–Liza Thompson, Expert Medical School Admissions Consulting