NYU Free Tuition: What NYU’s Big Medical School Move Means

Aug 19, 2018 by

NYU’s free medical tuition program is the first of its kind. Here’s what it could mean for U.S. health care.

By Sy Mukherjee –

On Thursday, NYU made a stunning announcement: All of the renowned institution’s medical students will be awarded 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. That’s a first for any medical college in America.

This is, it goes without saying, not a cheap endeavor. The yearly tuition costs covered under this medical scholarship amount to just over $55,000 per year, and the effort involved raising some $450 million to date (of more than $600 million planned) from supporters such as Home Depot founder Kenneth Langone and his wife Elaine, the Wall Street Journal reports. (NYU’s medical center was renamed after Langone following the billionaire’s $200 million donation to it in 2008.)

The practical implications for students pursuing medicine are myriad, especially at a school consistently ranked towards the top of its peers. “This decision recognizes a moral imperative that must be addressed, as institutions place an increasing debt burden on young people who aspire to become physicians,” said Dr. Robert I. Grossman, Dean of NYU School of Medicine and CEO of NYU Langone Health in a statement.

Source: NYU Free Tuition: What NYU’s Big Medical School Move Means | Fortune

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