How amazing is this? NYU is offering FREE tuition to all medical students despite their financial standing in an effort to expand career options for med students so they’re not bogged down with soaring student loan debt. This is the first for any med school in the country. NYU is worried that tuition prices and huge student debt is driving more and more grads into high paid professional roles and the number of researchers and primary care physicians is diminishing. With this new incentive, they’re hoping it will open up more career options for graduates, since they won’t be consumed with six figure debt upon graduation.
The university has already raised $450 million towards the program, which is said to need $600 million, ultimately. This is going to be a huge game-changer for us, for our students and for our patients,” said Dr. Rafael Rivera, associate dean for admission and financial aid, according to the Wall Street Journal.
What an amazing opportunity. NYU will offered full scholarships to 93 first year students and 350 students already in an MD only program.
source – WSJ