NYU makes tuition free for all medical students

New York University offers free tuition to all medical students

People have already applauded the NYU Medical School scholarship online.

NYU, which is ranked number three among the best medical schools for research on U.S. News and World Report, is the first among the country's top medical schools to offer this option as it attempts to lessen the debt burden of recent graduates and to address the shortage of physicians in lower-paying specialties, such as primary care and research. As of the 2017-2018 school year, its students earn at least $60,000 per year for each year of medical school in return to committing to seven years of active duty in the armed forces after graduation. NYU leaders also hope the fund will enable the school to attract more diverse candidates who won't be deterred from pursuing a career in medicine because of debt.

According to the Association of American Medical Colleges, the median cost of receiving a medical education at a private school is $59,605, and a graduating student's average current debt is $202,000.

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Last December, Columbia's College of Physicians and Surgeons said that it would be eliminating student debt, and offering full scholarships to students in financial need.

In connection with the catastrophic shortage of doctors in the country University of NY chose to alleviate the financial burden of studying current and future medical students. By liberating both prospective and present medical students from the shackles of educational debt, a medical school can alter the topography of American health care by helping increase diversity in the provider population, improve access to care by minority patients, resolve the deficit of primary care physicians, and empower the battle against burnout. The average medical student at a public university graduated with $181,179 of debt.

For the coming school year, those scholarships will equal over $55,000 per student.

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The Massachusetts Institute of Technology offers free tuition to students whose families make less than $80,000 a year, and MIT says 90 percent of its students receive financial aid. $100 million of this tuition pool was donated by Kenneth G. Langone, the founder of Home Depot, whom which the medical school is named after.

"That's too late if we wish to expand the pipeline to bring forth the broadest, most-talented group of students", he said in a statement, "and to give them the financial freedom to choose medicine over other careers".

The move was made possible because of donations from more than 2,000 trustees, alumni and others.

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Cleveland Clinic Lerner College of Medicine of Case Western Reserve for example has paid full tuition and fees since 2008, but the program only has 32 students.

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