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Message
NYU will offer free tuition for all its medical students
Posted on 8/17/18 at 9:30 am
Posted on 8/17/18 at 9:30 am
LINK
quote:
The New York University School of Medicine will provide free tuition for all present and future students, the university announced. Citing the risk of "overwhelming" debt, it says every student will qualify regardless of merit or financial need. NYU said financial worries were driving graduates to more lucrative specialities, pushing doctors away from more general positions. The scholarship covers annual tuition costs of up to $55,000 (£43,000). A study produced by the Association of American Medical Colleges estimated that in 2017 75% of medical students graduated in debt. The average debt level was $190,000 (£149,000).
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. Students must still however cover the cost of living expenses and accommodation.
19
Posted on 8/17/18 at 9:31 am to RedRifle
What's the catch...?
Posted on 8/17/18 at 9:31 am to RedRifle
As long as it’s through endowments and not taxpayer funded, good for them.
Posted on 8/17/18 at 9:31 am to RedRifle
Imagine if you graduated a year ago with $200,000 in student loans.
Posted on 8/17/18 at 9:31 am to RedRifle
I’ll be sending S jr. to Johns Hopkins.
Posted on 8/17/18 at 9:33 am to RedRifle
Amazing if true. NYU is located in the heart of lower Manhattan where a 300-500 sq ft studio will cost you near $1500-2000 a month
Posted on 8/17/18 at 9:34 am to Hangover Haven
quote:
What's the catch...?
You have to be able to get accepted into NYU medical school
Posted on 8/17/18 at 9:34 am to RedRifle
do the graduates that are still in debt get refunds on their tuition?
I couldn't care less as long as the government isn't giving them my money for them to dole out to students. I will wind up paying for my step-daughters college I'm sure so i have no interest in paying for other people's kids to go to school.
I couldn't care less as long as the government isn't giving them my money for them to dole out to students. I will wind up paying for my step-daughters college I'm sure so i have no interest in paying for other people's kids to go to school.
Posted on 8/17/18 at 9:35 am to RedRifle
can't think of a better investment to make. hope it works out. i have my doubts.
Posted on 8/17/18 at 9:35 am to Mr Wonderful
quote:
As long as it’s through endowments and not taxpayer funded, good for them.
It's a private school so I doubt there's any taxpayer dollars associated with this.
Posted on 8/17/18 at 9:36 am to RedRifle
quote:
NYU School of Medicine made the surprise announcement at its annual White Coat Ceremony on Thursday - when new students receive a white lab coat as they begin their studies.
I'd imagine those students went nuts.
Posted on 8/17/18 at 9:37 am to Warfarer
quote:
I couldn't care less as long as the government isn't giving them my money for them to dole out to students
It's a private university
Posted on 8/17/18 at 9:37 am to Warfarer
quote:
do the graduates that are still in debt get refunds on their tuition?
I couldn't care less as long as the government isn't giving them my money for them to dole out to students. I will wind up paying for my step-daughters college I'm sure so i have no interest in paying for other people's kids to go to school.
It's called New York Univ. but it is a private school. It's endowment and gifts from wealthy alums is what is driving this. One of the best medical schools and hospitals in the country.
Posted on 8/17/18 at 9:38 am to SPEEDY
quote:
You have to be able to get accepted into NYU medical school
So no unmentioned strings attached..?
This post was edited on 8/17/18 at 9:40 am
Posted on 8/17/18 at 9:39 am to RedRifle
quote:
It's called New York Univ. but it is a private school. It's endowment and gifts from wealthy alums is what is driving this. One of the best medical schools and hospitals in the country.
I mainly meant in general. As long as they aren't dumping taxpayer money into this stuff then I am fine with it.
Posted on 8/17/18 at 9:42 am to 1999
quote:
hope it works out. i have my doubts.
Doubts about what?
Posted on 8/17/18 at 9:42 am to Warfarer
quote:
I mainly meant in general. As long as they aren't dumping taxpayer money into this stuff then I am fine with it.
They don't need your money. Ken Langone has fully funded it.
Posted on 8/17/18 at 9:43 am to RedRifle
I came out of med school only 80k in debt. I was one of the lucky ones.
Most of that 80k was cost of living loans.
Most of that 80k was cost of living loans.
This post was edited on 8/17/18 at 9:44 am
Posted on 8/17/18 at 9:43 am to Golfer
quote:
Doubts about what?
He has doubts that a university that has minted some of the wealthiest titans of Wall Street and business can come up with the funds to pay for this.
Posted on 8/17/18 at 9:44 am to Cosmo
Yet it only took you 9 months to pay it off! Excellent work old sport. That catalina golf course was a fantastic investment.
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