Medical school costs a lot of money that a lot of people
don’t have. That often means students do a bit of cost-benefit
analysis: Is it worth it to take on hundreds of thousands of dollars of
debt now for the possibility of making hundreds of thousands of dollars a
year later?
New York University’s School of Medicine is trying remove that calculation as a factor in students’ career decision making. The school announced yesterday that it will provide all new, future, and current students a full-tuition scholarship—financial need and merit aside, meaning wealthy students and low-income students alike will receive it. The scholarship doesn’t cover the rest of the costs associated with college—housing, food, child care—but it takes $55,018 a year out of the picture.
“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 Grossman, the school’s dean, said in a statement. “
A population as diverse as ours is best served by doctors from all walks of life, we believe, and aspiring physicians and surgeons should not be prevented from pursuing a career in medicine because of the prospect of overwhelming financial debt.” The school will need to raise $600 million to fund the project—$450 million of which it says has already been raised.
Read more: NYU Is Offering Free Tuition to Medical Students - The Atlantic
New York University’s School of Medicine is trying remove that calculation as a factor in students’ career decision making. The school announced yesterday that it will provide all new, future, and current students a full-tuition scholarship—financial need and merit aside, meaning wealthy students and low-income students alike will receive it. The scholarship doesn’t cover the rest of the costs associated with college—housing, food, child care—but it takes $55,018 a year out of the picture.
“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 Grossman, the school’s dean, said in a statement. “
A population as diverse as ours is best served by doctors from all walks of life, we believe, and aspiring physicians and surgeons should not be prevented from pursuing a career in medicine because of the prospect of overwhelming financial debt.” The school will need to raise $600 million to fund the project—$450 million of which it says has already been raised.
Read more: NYU Is Offering Free Tuition to Medical Students - The Atlantic
