Wednesday, 17 October, 2018

NYU's Amazing RX for Med Students: Full Scholarships for All

New York University offers free tuition to all medical students NYU's Amazing RX for Med Students: Full Scholarships for All
Steve Townsend | 18 August, 2018, 00:59

"We thought it was a moral imperative because it's very hard for medical students to incur the debt burden of medical school, as well as the additional time burden of training", Grossman told ABC News on Thursday. The fund will only cover tuition, so students are still responsible for room and boarding costs, and health insurance. Tuition had been set at $55,018 for the coming year.

Dr. Rafael Rivera, associate dean for admissions and financial aid, said the program goes further than other forms of financial aid, which require students to apply before finding out about their support.

Medical schools across the USA have attempted to respond to the student debt crisis by increasing their fundraising efforts to recruit competitive applicants, reduce student debt, and give graduates more flexibility with their career paths.

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. Home Depot co-founder Kenneth Langone, whose name adorns the health system affiliated with the medical school, contributed $100 million. Tuition is a key contributor here - 77 percent and 57 percent of African-American and Hispanic medical students respectively report educational debt in excess of $150,000, and African-American students are 2.7 times more likely than others to accumulate that much debt. Those range from around $27,000 to $29,000 per year, according to the medical school. The debt is even higher for students who attend private schools.

Sachin Tendulkar leads sporting fraternity’s tribute to Atal Bihari Vajpayee
Vajpayee avoided bedrock nationalist issues, like plans to build a Hindu temple at the site of a demolished north Indian mosque. A vocal politician on the issue of Kashmir, Vajpayee made honest efforts to normalise relations between India and Pakistan .


About 93 first-year students will receive full-year scholarships, on top of 350 students who are already in the midst of their medical program, the publication said.

Students must still however cover the cost of living expenses and accommodation.

According to the Association of American Medical Colleges, the median debt of a graduating medical student in the USA is US$202,000 - while 21% of doctors who graduate from a private school such as NYU face over US$300,000. They owed an average amount of $191,000, according to a survey by the Association of American Medical Colleges.

All students enrolled in the MD degree program are eligible, regardless of their financial need or academic performance.

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