NYU medical school to offer free tuition to all students

17 August, 2018, 07:42 | Author: Veronica Peterson
  • Be realistic when you calculate how much you’ll need to spend and your budget will be easier to keep

New York University says it will cover tuition for all of its medical students - regardless of their financial situation, The Wall Street Journal reports.

"This is going to be a huge game-changer for us, for our students and for our patients", said Dr. Rafael Rivera, associate dean for admission and financial aid.

NYU is the first private medical school and the only one ranked in the top 10 to offer all its students free tuition, a spokesperson said.

Over more than a decade, NYU raised $450 million of the estimated $600 million it needs to maintain the scholarship.

Tuition had been set at about $55,000 for the coming year.

Additionally, students who are not saddled with six-figure debt after graduation can pursue fields that may not be as high-paying but still important, such as pediatrics and obstetrics, NYU said in a press release.

"A population as diverse as ours is best served by doctors from all walks of life, we believe, and aspiring physicians and surgeons should not be prevented from pursuing a career in medicine because of the prospect of overwhelming financial debt", Robert Grossman, the dean of the NYU School of Medicine and CEO of NYU Langone Health said in a statement.

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School officials said they have been working towards making the scholarship a reality for 11 years.

The stunning announcement was made Thursday morning at the end of the annual "White Coat Ceremony", where new medical students are given white lab coats to mark the start of their M.D. degree program. Langone Health, told The New York Times.

NYU School of Medicine also offers an accelerated three-year M.D. program, which is also covered by the full-tuition scholarship program.

Students must still however cover the cost of living expenses and accommodation.

Three-quarters of medical students in the Class of 2017 graduated with education debt, according to the Association of American Medical Colleges.

The Cleveland Clinic Lerner College of Medicine of Case Western University, with just 32 students a year, has paid full tuition and fees since 2008 in an effort to encourage graduates to pursue academic and research careers.

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