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1
Posted on 8/17/18 at 9:47 am to S
It really did take me less than a year to pay it off after starting real job. 
Posted on 8/17/18 at 9:47 am to RedRifle
This will quickly flood the school with many of the best and brightest from around the county. The student base for future classes will immediately become much more talented than it already is. I’d imagine a lot of students capable of going to Harvard and going into debt would rather go to NYU for free
Posted on 8/17/18 at 9:48 am to Cosmo
Listing Paul Allen and NIH as references always pays dividends.
Posted on 8/17/18 at 9:51 am to Upperdecker
quote:
This will quickly flood the school with many of the best and brightest from around the county. The student base for future classes will immediately become much more talented than it already is. I’d imagine a lot of students capable of going to Harvard and going into debt would rather go to NYU for free
It's already ranked #3. I think they're getting the best and brightest.
Posted on 8/17/18 at 9:53 am to RedRifle
So what happens if you're in the middle of med school at the time of announcement do you get refunded for previous years? Or is it just a from here on out deal?
Posted on 8/17/18 at 9:53 am to 1999
quote:
that they can pay for all of this.
Do you not understand how endowments work? Especially at private universities?
Posted on 8/17/18 at 9:55 am to Golfer
Explain to him bro. He’s not opulent like us.
Posted on 8/17/18 at 10:01 am to RedRifle
quote:
The university has reportedly been working for more than a decade to accrue the necessary funds to pay for tuition, and hopes to raise a total of $600 million (£472m) to make the scholarships available permanently.
They've raised $450 million of the $600 million so far, just for the medical school.
To put that in perspective, the LSU Foundation's net assets are less than $700 million combined.
Posted on 8/17/18 at 10:03 am to SPEEDY
quote:
You have to be able to get accepted into NYU medical school
this..imagine the talent of the competition that wouldn't have considered them originally
Posted on 8/17/18 at 10:04 am to RedRifle
quote:
It's already ranked #3. I think they're getting the best and brightest.
Exactly. Now they’ll compete for #1
Posted on 8/17/18 at 10:05 am to Warfarer
quote:
I will wind up paying for my step-daughters college
Sorry
Posted on 8/17/18 at 10:08 am to slackster
quote:How many students do they have at a time I wonder?
They've raised $450 million of the $600 million so far, just for the medical school.
At $55k/year, seems like that $600mil could burn up real quick. Not that they can't get more, just thinking aloud.
Posted on 8/17/18 at 10:08 am to RedRifle
Nvm
This post was edited on 8/17/18 at 10:11 am
Posted on 8/17/18 at 10:12 am to shel311
quote:
How many students do they have at a time I wonder?
Type Private
Established 1841
Dean Robert I. Grossman
Students 657 MD students[1]
242 PhD students[1]
68 MD/PhD students[1]
from Wiki page.
So would be roughly 36 to 37 million a year to fund it. With a 600 million dollar endowment, it would need an average return of 6 to 7% to run indefinitely.
Posted on 8/17/18 at 10:17 am to shel311
quote:
At $55k/year, seems like that $600mil could burn up real quick. Not that they can't get more, just thinking aloud.
I'd imagine a scholarship "valued" at $55k is actually cheaper to replace when the university endowment is paying for it. You really just need enough money from the endowment earnings to cover the costs to run the medical school, not necessarily the tuition.
Posted on 8/17/18 at 10:19 am to Warfarer
I would hope this would lead to more new doctors choosing primary care as a specialty, but I have my doubts that the type of student that goes to NYU is looking to be a General Practitioner, even if the tuition is free.
Good on them for doing this, however. Shows that the government doesn't have to pay for everything.
Good on them for doing this, however. Shows that the government doesn't have to pay for everything.
Posted on 8/17/18 at 10:21 am to shel311
quote:
At $55k/year, seems like that $600mil could burn up real quick. Not that they can't get more, just thinking aloud.
$600 million would have around $25-30 million annually to dole out to students.
Posted on 8/17/18 at 10:22 am to S
Cosmo had a great resume, SirWinston said the board was smitten with him during interviews.
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