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NYU Offers Free Tuition For All Medical Students

August 16, 2018 - 4:24 pm
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NEW YORK (WCBS 880/AP) -- New York University is offering free tuition for all of its medical students.

There were cheers, some tears and many surprised faces among the incoming class when the announcement was made Thursday.

"We think this is incredibly important to offer students choice. They can choose to come to medical school unburdened by tuition," said Robert Grossman, MD, the Saul J. Farber Dean of NYU School of Medicine and CEO of NYU Langone Health.

 
Rising tuition and six-figure loans have been pushing new doctors into higher-paying fields and contributing to a shortage of researchers and primary care physicians.
 
“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,” Grossman said.

"People shouldn't graduate medical school with the equivalent of a mortgage, that level of debt is impacting the physician workforce," says associate dean for admission and financial aid, Dr. Rafael Rivera. 

“Thanks to the extraordinary generosity of our trustees, alumni, and friends, our hope — and expectation — is that by making medical school accessible to a broader range of applicants, we will be a catalyst for transforming medical education nationwide,” says Kenneth G. Langone, Chair of the Board of Trustees of NYU Langone Health. 
 
Tuition had been set at about $55,000 for the coming year. Most medical students will still need to pay about $29,000 for annual room, board and other living expenses.
 
NYU estimates it will need about $600 million to fund the tuition package in perpetuity. It has raised more than $450 million.

(© 2018 WCBS 880. The Associated Press contributed to this report.)