Medicine

Surprise! NYU's Medical School Goes Tuition

Surprise! NYU's Medical School Goes Tuition

NYU School of Medicine announced it is offering full-tuition scholarships to all current and incoming students in its MD degree program in an attempt to stifle the rising costs of medical education, remove financial barriers for potential students and prepare for a looming physician shortage.

Fresne added that it is too soon to tell if other medical programs will follow in NYU's footsteps in eliminating tuition, but it could be a trend for medical schools moving forward.

People have already applauded the NYU Medical School scholarship online.

Other schools have instituted similar programs, but NYU is the first to provide full tuition for all students without considering merit or financial need.

According to the Association of American Medical Colleges, 75 percent of doctors in the USA graduated with debt in 2017.

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"That level of debt is impacting the physician workforce", said Rivera.

"No more tuition. The day they get their diploma, they owe nobody nothing", said Kenneth G. Langone, board of trustees chairman for NYU Langone Medical Center.

The surprise announcement came Thursday during a White Coat Ceremony where faculty members present first-year medical students with their lab coats marking the beginning of the medical education, according to a news release.

"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", says Robert I. Grossman, MD, the Saul J. Farber Dean of NYU School of Medicine and CEO of NYU Langone Health. That is partly propelled by the fact that almost half of third- and fourth-year students say that their choice in medical specialty is influenced by projected income-or by debt burden. "For us, it's important to have the best applicant pool possible, and society deserves nothing less". The university's school of medicine says it will make tuition free for all students. Yet by 2030, as the prevalence of chronic disease continues to skyrocket and the population of Americans over age 65 years increases by 50 percent, the primary care physician shortage may end up larger than that of every other specialty combined. Saddled with staggering student loans many medical school graduates choose higher-paying specialties, drawing talent away from less lucrative fields like primary care, pediatrics, and obstetrics and gynecology. "I think a lot of schools would love to be able to do this, but it's more hard for some schools".

NYU thanked more than 2,500 supporters who helped bring the scheme to fruition.


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