New York University makes tuition free for all medical students

New York University hopes to alleviate the rising costs of medical education and attract a more diverse class by paying for

"We thought it was a moral imperative because it's very hard for medical students to incur the debt burden of medical school, as well as the additional time burden of training", Grossman told ABC News on Thursday.

The school has launched a $600 million campaign to fund an endowment that will cover the costs of the scholarships.

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.

"This is going to be a huge game-changer for us, for our students and for our patients", the school's associate dean for admission and financial aid, Dr. Rafael Rivera, told the Journal. It has raised more than $450 million. Medical schools across the country have made efforts to alleviate the burden of medical school debt but NYU is the first major institution to eliminate the burden entirely for all its students. NYU leaders called the decision a "moral imperative" considering the impact medical school debt has on physician stress levels, diversity in the profession and the provider shortage.

NYU's new class of medical students got more than just a white coat this morning, during the school's annual White Coat Ceremony.

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Most medical students will still need to pay about $29,000 for annual room and board and other living expenses. Another 9 students are already covered in their M.D./PhD programs.

The action could also give graduates more career choices so they won't be pressured into having their future be influenced by student loan burdens. At the same time, all current NYU medical students received emails saying the school is offering them full-tuition scholarships.

About 93 first-year students will receive full-year scholarships, on top of 350 students who are already in the midst of their medical program, the publication said. Among those with debt, the average student owed almost $191,000, which rises to $202,000 among private medical school graduates. Students nontuition costs in that program would be about $27,000 to $31,000. The scholarships were expected to offer free tuition to one-fifth of the school's students, with others receiving aid to meet their financial need.

The United States could see a shortage of up to 120,000 physicians by 2030, according to data from the Association of American Medical Colleges.

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