NYU will offer a full ride to all medical students

Be realistic when you calculate how much you’ll need to spend and your budget will be easier to keep

This decision to cover medical tuition has been followed at other schools in the nation to some degree. Columbia University in New York City offered the most expensive medical education at $66,257 per year. "An Updated Look at Attendance Cost and Medical Student Debt at U.S. Medical Schools". NYU leaders also hope the fund will enable the school to attract more diverse candidates who won't be deterred from pursuing a career in medicine because of debt. In the USA, about 72 percent of 2018 medical school graduates had an average debt of $195,000 in loans, according to student surveys by the Association of American Medical Colleges cited by WSJ.

"We believe that with our tuition-free initiative, we have taken a necessary, rational step that addresses a critical need to train the most talented physicians, unencumbered by crushing debt", says Grossman.

All students enrolled in the MD degree program are eligible, regardless of their financial need or academic performance.

The New York University Langone Medical Center is seen in midtown Manhattan in 2015.

N.Y.U.'s School of Medicine announced Thursday it will cover tuition costs for all of its students - regardless of their financial standings or backgrounds.

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The surprise announcement came Thursday during a White Coat Ceremony where faculty members present first-year medical students with their lab coats marking the beginning of the medical education, according to a news release.

Addressing the affordability issue could help alleviate physician shortages, said Rafael Rivera, associate dean for admissions and financial aid. The Journal also reported that Johns Hopkins students who borrow graduate with a median debt of $110,000; the national average is $195,000. We were horrified: The notion of tuition-free medical school-admittedly something that had been circulating in the pre-orientation rumor mill-seemed imaginative at best, delusional at worst, and thoroughly inconsiderate on day four of probably the most debt-accumulating pursuit in our adult lives.

Dr Robert Grossman said that "aspiring physicians and surgeons should not be prevented from pursuing a career in medicine because of the prospect of overwhelming financial debt". Doctors graduate with crippling medical school debt and it sometimes causes them to seek higher paying specialties instead of lower paying ones that face shortages, like primary care or pediatrics.

The move was made possible because of donations from more than 2,000 trustees, alumni and others. Case Western Reserve University's Cleveland Clinic Lerner College of Medicine has paid student's full tuition since 2008.

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