At yesterday’s white coat ceremony for its class of 2022, New York University School of Medicine announced it will cover tuition for all medical students, regardless of their financial situation. The announcement (which I certainly wouldn’t have minded coming three years earlier) isn’t just great news for NYU medical students. It could also help shape the landscape of health care in the United States in four key ways.
This is phenomenal. Anyone out there in medical school? Might this spread?
from the NYT article on the same topic:
Most of the roughly 20,000 students per year enrolled in American medical schools take out sizable federal loans to support their studies. According to the Association of American Medical Colleges, in 2017, the median debt for graduating medical students was $192,000. The median cost of medical school attendance, including living expenses, was $60,945 a year for public medical school and $82,278 for private medical school.