NYU Granting Free Tuition To All Med Students

[Anonymous]

This is great - should see more med students going into needed fields without the threat of $300K over their heads upon graduating.

"Effective immediately, NYU will grant free tuition to all current and future medical school students. Tuition is currently about $55,000 per year." https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition-medical-school.html

[Anonymous]

I wonder if this includes all of the foreign students who go there...if not it;s great for the 10% of american students.

[Anonymous]

I agree, although living expenses in NYC would probably give them $100k+ in student loan debt anyway?

[Anonymous]

Anonymous wrote:I wonder if this includes all of the foreign students who go there...if not it;s great for the 10% of american students.

Around 16% of the student body is foreign. So American students are 84% not 10% of the student body.

[Anonymous]

Great idea. I heard it on the radio today too.

It got me to thinking about general practitioners in general. Does it make sense to phase them out in favor of Nurse Practitioners? My GP does nothing special - nothing a good Nurser Practitioner couldn't do. If I have more serious problems, I know to go to a specialist.

[Anonymous]

Anonymous wrote:Great idea. I heard it on the radio today too.

It got me to thinking about general practitioners in general. Does it make sense to phase them out in favor of Nurse Practitioners? My GP does nothing special - nothing a good Nurser Practitioner couldn't do. If I have more serious problems, I know to go to a specialist.

NPs are registered nurses with a Masters degree in Nursing who also have a state NP license.
I don't think you can compare this to a medical doctor who has four years of med school, one year of internship and typically multiple years of residency under their belt

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wonder if this includes all of the foreign students who go there...if not it;s great for the 10% of american students.

Around 16% of the student body is foreign. So American students are 84% not 10% of the student body.

She's probably counting all non-whites as "foreign".

[Anonymous]

This just means that the costs will be off-loaded to other students. Nothing in life is free. Someone else always has to pay for the freebies.

[Anonymous]

Anonymous wrote:This just means that the costs will be off-loaded to other students. Nothing in life is free. Someone else always has to pay for the freebies.

Most, if not all of the money is coming from private donors. The cost won't be offloaded onto other students.

"N.Y.U. said that it had raised more than $450 million of the $600 million that it anticipates will be necessary to finance the tuition plan. About $100 million of that has been contributed by Kenneth G. Langone, the founder of Home Depot, and his wife, Elaine, for whom the medical school is named."

[Anonymous]

If they are so great, why not extend it to all students in all study programs.

[Anonymous]

Anonymous wrote:If they are so great, why not extend it to all students in all study programs.

New physicians today are routinely graduating with $300,000 in med school debt, making it difficult for them to enter less lucrative areas of medicine like primary care or research at universities or places like the NIH. NYU is known as a research med school, so the donation probably would most benefit the latter.

NYU med students still will have to pay the cost of living in NYC for four years, so there would still be debt to pay for funding that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If they are so great, why not extend it to all students in all study programs.

New physicians today are routinely graduating with $300,000 in med school debt, making it difficult for them to enter less lucrative areas of medicine like primary care or research at universities or places like the NIH. NYU is known as a research med school, so the donation probably would most benefit the latter.

NYU med students still will have to pay the cost of living in NYC for four years, so there would still be debt to pay for funding that.

I wish they had done it targeted at students who chose less lucrative specialties (ie family medicine, pediatrics rather than plastic surgery or anesthesiology, dermatology.). But either way, I bet applications to NYU will be way up next year!

[Anonymous]

Anonymous wrote:

Anonymous wrote:If they are so great, why not extend it to all students in all study programs.

New physicians today are routinely graduating with $300,000 in med school debt, making it difficult for them to enter less lucrative areas of medicine like primary care or research at universities or places like the NIH. NYU is known as a research med school, so the donation probably would most benefit the latter.

NYU med students still will have to pay the cost of living in NYC for four years, so there would still be debt to pay for funding that.

If a doctor is a primary care doctor, those kinds of loans are hard to pay off but a specialist making a lot of money can easily pay it off. I'd rather see the money go to low paying professions like teachers, police officers and social workers who have much less earning potential.

[Anonymous]

Did they get a large donation? How will they make up for the lost revenue? The article stated that there are 93 new students entering this year. X $55,000 X 4 years, is the lost revenue for each graduating class.

[Anonymous]

Anonymous wrote:I'd rather see the money go to low paying professions like teachers, police officers and social workers who have much less earning potential.

I hate to state the obvious, but there is nothing stopping you from trying to set up something like this with your own money.