This is why medical school is free at NYU

by Noah Mcgee August 18, 2018, 1:01
This is why medical school is free at NYU

The school claims that as the burden of student debt steers medical graduates into more lucrative specialties, fewer students are pursuing, say, primary care or obstetrics and gynecology, which don't pay as well.

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.

New York University is offering free tuition for all of its medical students.

"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", Robert I. Grossman, dean of the medical school and chief executive officer of N.Y.U. The University of California-Los Angeles's David Geffen School of Medicine has a similar fund to cover costs for students based on merit. 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. On average, doctors now graduating from a private school do so with $202,000 in debt. So far NYU has raised $450 million. 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. At the same time, all current NYU medical students received emails saying the school is offering them full-tuition scholarships.

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"Ultimately, this is about patients and creating a fantastic workforce that patients deserve", said Dr. Rafael Rivera, associate dean for admission and financial aid. Medical school tuition at NYU this year is $55,018. Debt incurred by paying for medical school tuition fundamentally influences the demographic profile of medical school classes.

NYU's announcement comes amid ballooning costs for medical education. The median cost of tuition at all private medical schools, like N.Y.U., in the 2017 to 2018 school year was $59,605 - up 4% from the previous year, according to the Association of American Medical Colleges. "It takes a tremendous effort to pull something like this off and it's pretty impressive", she said.

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.

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