NY University offers free tuition for all medical students

Laverne Higgins
August 17, 2018

The New York University School of Medicine will provide free tuition for all present and future students, the university announced.

NYU School of Medicine is the first private USA medical school and the only one ranked in the top 10 to offer free tuition to all its students, the university said in a press release.

Dr. Rafael Rivera, associate dean for admissions and financial aid, said the program goes further than other forms of financial aid, which require students to apply before finding out about their support.

"If you're faced with debt that you're likely to have into your 50s, it's got to have an influence on what you choose to do", Lee Goldman, dean of the Columbia University medical school tells the paper.

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 $55,018 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.

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"Our hope - and expectation - is that by making medical school accessible to a broader range of applicants, we will be a catalyst for transforming medical education nationwide", said Kenneth Langone, chair of the Board of Trustees of NYU Langone Health. The school will refund out-of-pocket tuition payments already made for the current year, and return loans students may have taken out.

Medical school officials announced the scholarships today at NYU Langone Health's Tisch Hospital in Manhattan.

Nationally, 72 percent of graduates from the class of 2018 had debt from medical school, with a median of $195,000 in loans, according to student surveys by the Association of American Medical Colleges.

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

In December, Columbia University received a $250 million gift from Dr. Roy Vagelos and Diana Vagelos, of which $150 million created an endowment that will cover the tuition for medical students who are deemed to have financial need at the renamed Columbia University Vagelos College of Physicians and Surgeons.

All students enrolled in the MD degree program are eligible, regardless of their financial need or academic performance.

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