At the New York University School of Medicine’s annual White Coat Ceremony—an initiation ceremony for first-year students—on Aug. 16 attendees got a shock when they learned their tuition would be completely paid for—no strings attached. All current and future students are eligible.
With many students leaving school with some amount of debt, there’s a tendency to seek out high-paying jobs, leaving specialties such as family medicine, pediatrics and research with a small amount of talent. And, with an impending physician shortage looming in the future, the medical industry needs to do as much as possible to retain and attract top physicians.
In 2018, there will be 93 first-year students and an extra 350 who have up to three years before receiving their degrees. Annual tuition is about $50,000. Room and board as well as other fees are not covered, which cost about $27,000 a year.
“This decision recognizes a moral imperative that must be addressed, as institutions place an increasing debt burden on young people who aspire to become physicians,” said Robert I. Grossman, dean of the medical school and chief executive officer of N.Y.U. Langone Health.
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