What if I told you that you could attend medical college tuition free? Well, it’s true. NYU Grossman School of Medicine is ensuring that those hefty tuition costs don’t prevent students from living out their dreams.
The median student loan debt was reported to be $200,000 by the Association of American Medical Colleges. During these uncertain times obtaining an Undergraduate Degree debt free has been challenging. NYU Grossman School of Medicine has joined the growing trend of tuition free medical schools. Among the growing number of colleges attempting to minimize student loan debt anxiety, Grossman sees this as a practical solution on many levels. They are hoping this tuition-free movement will not only eliminate loans, and improve academic performances, but also encourage medical students to explore choosing a medical specialty.
“We believe offering students the ability to attend medical school without crushing levels of educational debt gives them the freedom to choose medicine over other careers as early as high school or undergraduate college studies.”
“We award full-tuition scholarships to all current students and future matriculated students, regardless of merit or financial need, that cover the majority of the cost of attendance, provided each student maintains satisfactory academic progress in accordance with NYU Grossman School of Medicine’s Satisfactory Academic Progress Policy.”
Poor Academic Performance
Researchers have found through past studies a link between debt and poor academic performance in medical students. It was discovered that the impact of extensive student loan debt resulted in lower grade point averages. Nevertheless, the researchers believe it is the students’ attitude toward debt that is influencing academic performance.
There’s A Primary Care Physician Shortage
“A recent Medscape report revealed that 2019 recorded the lowest percentage ever of primary care positions filled by fourth-year med students.” Health officials and hospitals have been expressing the need for more primary care physicians. It all boils down to student loan debt impacting medical students’ choice of specialty. Students are looking for financial incentives, such as residency bonuses or increases in salary in order to consider the traditionally lower compensated primary care fields.
Life-altering consequences is what studies revealed about students that are debt burdened when compared to debt- free students. The studies show that young physicians with significant student loan debt scored much lower on Quality of Life and Work Balance surveys. Moreover, before the physical burnout it was founded that the psychological and emotional burden of medical debt can lead to emotional burnout.
The cost of an undergrad education is a significant factor in choosing a school and a career path. The transition to a tuition free school was also intended to help underprivileged students to pursue a career in medicine without worrying about the high cost of medical school education.
“In addition to the full-tuition scholarship, all students who are accepted into an NYU Grossman School of Medicine MD degree program are automatically considered for merit-based scholarships that recognize academic excellence.” Becoming a doctor has never been more affordable.
NYU Grossman School of Medicine’s Office of Financial Aid is overseen by Johnathan Chancellor, director; Shama Strougo, financial aid program manager; and Anne Lippert, admissions and financial aid coordinator. For questions about the financial aid process, contact the Office of Financial Aid at [email protected] or 212-263-5286.
Office Hours and Address
Monday through Friday: 9:00AM to 5:00PM
Office of Financial Aid NYU Grossman School of Medicine 577 First Avenue, 2nd Floor New York, NY 10016