NYU offers full-tuition scholarships for all medical students

NYU offers full-tuition scholarships for all medical students

Graduates move towards higher-paying areas of medicine over paediatrics, primary care or gynaecology due to their "staggering student loans". But the NYU program to cover 100% of tuition for all medical students is "a first among the nation's major medical schools", per the WSJ.

The New York University School of Medicine will provide free tuition for all present and future students, the university announced.

The crushing weight of debt that medical education places on students-debt that averaged some $191,000 across all schools and more than $206,000 for private schools in 2017, according to the Association of American Medical Colleges (AAMC)-has consequences for prospective students and the future contours of USA medicine alike.

The associate dean for admissions and financial aid, Dr. Rafael Rivera, says there's a "moral imperative" to reduce debt. At the same time, all current NYU medical students received emails saying the school is offering them full-ride scholarships too.

NYU School of Medicine is the first private USA medical school and the only one ranked in the top 10 to offer free tuition to all its students, the university said in a press release.

NYU said it is the only top 10-ranked medical school in the United States to offer such an initiative. So far NYU has raised $450 million. The University of California-Los Angeles's David Geffen School of Medicine has a similar fund to cover costs for students based on merit. Nine students already have had their tuition completely covered under their M.D./PhD programs.

Other medical schools have attempted to assuage the financial burden of medical school, including the University of Houston's College of Medicine, which offered full scholarships to its inaugural class. NYU students can choose between the traditional four-year MD program or an accelerated three-year degree.

A study produced by the Association of American Medical Colleges estimated that in 2017 75% of medical students graduated in debt. Among those with debt, the average student owed almost $191,000, which rises to $202,000 among private medical school graduates.