NYU will offer a full ride to all medical students

NYU will offer a full ride to all medical students

NYU will offer a full ride to all medical students

To do that, NYU will now give all of its medical students a free ride, the Wall Street Journal reports. In the USA, only 3 in 10 students choose to practice in the primary care specialties of internal medicine, family medicine, and pediatrics, which generally have lower salaries than specialties like cardiology or anesthesiology.

NYU's announcement follows Columbia University saying in December that its medical school would offer full-tuition scholarships to certain students in need, along with grants to other students.

Other schools have instituted similar programs, but NYU is the first to provide full tuition for all students without considering merit or financial need.

The school says it wanted to reduce the amount of debt students are saddled with after medical school and attract a more diverse class of students.

FBN's Cheryl Casone on some colleges now asking students for a percentage of their future salary to cover the cost of tuition. The school has already raised $450 million and estimates it will take $600 million in total to cover tuition for current and future students.

The Cleveland Clinic Lerner College of Medicine of Case Western University, with just 32 students a year, has paid full tuition and fees since 2008 in an effort to encourage graduates to pursue academic and research careers. NYU now has 442 medical students and each incoming class has about 100 students.

"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 I. Grossman, dean of the medical school and chief executive officer of N.Y.U. Given that graduating medical students from underrepresented minority groups are 2.5 times more likely than white students to work with underserved populations, the increase in diversity that tuition-free medical school might engender has profound implications for reducing health disparities in this country.

In their statement, the university said debt is "fundamentally reshaping the medical profession in ways that are adversely affecting healthcare". Nine students already have had their tuition completely covered under their M.D./PhD programs.

The practical implications for students pursuing medicine are myriad, especially at a school consistently ranked towards the top of its peers.

NYU said it is the only top 10-ranked medical school in the U.S. to offer such an initiative.

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