NYU To Cover Tuition For All Medical Students

NYU To Cover Tuition For All Medical Students

By taking tuition costs off the table, NYU Associate Dean of Admissions Rafael Rivera said he hopes to level the playing field for students from lower socioeconomic backgrounds.

"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", Dr. Robert Grossman, the medical school's dean and CEO of NYU Langone Health, said in a statement.

School officials worry that rising tuition and soaring loan balances are pushing new doctors into high-paying fields and contributing to a shortage of researchers and primary care physicians. At the same time, all current NYU medical students received emails saying the school is offering them full-tuition scholarships.

That includes current students, the remainder of whose tuition will be covered under the program, and every single incoming and future medical student at the NYU School of Medicine, in perpetuity, whose tuition costs will be covered in full, according to the university. So far NYU has raised $450 million.

More news: Pakistani flag flies at Calgary city hall to celebrate Independence Day

About 93 first-year students will receive full-year scholarships, on top of 350 students who are already in the midst of their medical program, the publication said.

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. Those range from around $27,000 to $29,000 per year, according to the medical school.

PHOTO: New York University's School of Medicine announces it is offering full-tuition scholarships to all current and future students in its MD degree program, regardless of need or merit, August 16, 2018. Tuition had been set at $55,018 for the coming year.

Seventy-five percent of doctors in the USA graduated with debt, according to the Association of American Medical Colleges, and the median current debt of a graduating student is $202,000. More than one-third of medical students also have student loans from prior academic programs.

Related Articles