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m3n4.net November 19, 2018


New York University makes tuition free for all medical students

18 August 2018, 12:59 | Louis Holland

New York University makes tuition free for all medical students

New York University makes tuition free for all medical students

In the USA, only 3 in 10 students choose to practice in the primary care specialties of internal medicine, family medicine, and pediatrics, which generally have lower salaries than specialties like cardiology or anesthesiology.

Addressing the affordability issue could help alleviate physician shortages, said Rafael Rivera, associate dean for admissions and financial aid.

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More than 86 percent of medical school graduates carry educational debt, and 41 percent of those students reported their debt exceeded $150,000, according to the American Medical Student Association.

The announcement from the medical school's trustees, leaders, and faculty was delivered this morning to first-year medical students and family members as a surprise ending to the annual "White Coat Ceremony", where each new student is presented with a white lab coat to mark the start of their medical education and training. The school will provide full-tuition scholarships for 92 first-year students-another 10 are already covered through M.D./PhD programs-as well as 350 students already partway through the M.D. -only degree program.

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Students will still have to cover room and board, as well as other living expenses.

The U.S. News and World Report ranked NYU the third best medical school in the nation. Given that graduating medical students from underrepresented minority groups are 2.5 times more likely than white students to work with underserved populations, the increase in diversity that tuition-free medical school might engender has profound implications for reducing health disparities in this country. "This gives our students choice in two ways: First it will enable students who couldn't afford medical school to afford it and the second thing it does is enable students enrolled in medical school to think with a clear eye (about their future specialty)", said Dr. Robert Grossman, the dean of NYU School of Medicine and CEO of NYU Langone Health. So far, the school has raised $450 million of it, with $243 million coming in the last nine months, says Rivera. Those range from around $27,000 to $29,000 per year, according to the medical school.

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The school will also refund current students who made out-of-pocket tuition payments for the 2018-2019 school year and return loan payments to students who may have taken out student loans. Among those with debt, the average student owed almost $191,000, which rises to $202,000 among private medical school graduates.



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