Free medical school? NYU, Kaiser, and Washington University Offer Tuition Free Scholarships to Its Students
Did somebody say FREE medical school? Sign me up!
Oftentimes, when our Cracking Med School Admissions team gives talks around the United States, somebody will ask a question, “How is medical school even affordable?”
While not everyone will be able to take advantage of tuition free medical schools, having the option of going to these medical schools will certainly make medical school more of a reality for students in the United States, especially students from low-income background.
Historically, med students had to rely on loans and financial aid in order to pay for medical school. Some lucky students were given scholarships, but the number of “merit-based” scholarships are far and few between. Most medical school students will graduate with medical school debt.
According to the Association of American Medical Colleges, 76% of medical school students graduate debt in 2017. In 2018, the average student loan debt was about $196,000.
In 2018, New York University Medical School announced that it would be tuition free for its medical school students.
What exactly does that mean? A medical school student is still responsible for living expenses, which amounts to about $27,000 a year at NYU School of Medicine. But, $55,000 less loans a year is a huge debt burden off a student’s back!
Other schools have followed similarly.
Kaiser Permanente is opening a new medical school in southern California. It announced that it will waive tuition for the first 5 medical school graduating classes. Kaiser will start accepting applications from medical school applicants June 2019 for the starting class of 2020.
In April 2019, Washington University School of Medicine announced that it will be increasing the number of students that will receive a full tuition scholarship! Previously, the school had been giving about 20 students a year full tuition scholarships, and they expect up to half of the 100 incoming students will be able to receive full-tuition scholarships.
Will more medical schools follow Kaiser, NYU, and Washington University and offer free tuition scholarships? Additionally, our team is excited to see how this will change which specialties med school graduates decide to practice.
Feel free to do your own research and make your own opinions about whether these tuition-free medical schools are right for you!
Read more about student debt and tuition-free medical schools here:
- AAMC Debrief: “an exploration of the recent decline in the percentage of U.S medical school graduates with education debt”
- Student Debt Relief: https://www.studentdebtrelief.us/news/average-medical-school-debt/
- New York Times: https://www.nytimes.com/2018/08/16/nyregion/nyu-free-tuition-medical-school.html
- CBS News: https://www.cbsnews.com/news/tuition-free-medical-school-how-the-nyu-school-of-medicine-is-going-tuition-free-60-minutes/
- Inside Higher Ed: https://www.insidehighered.com/news/2019/04/17/med-school-washington-university-st-louis-will-be-tuition-free-more-half-new
- Time Magazine: http://time.com/5532535/kaiser-medical-school-free-tuition/
- Louis Public Radio: https://news.stlpublicradio.org/post/wash-u-announces-free-tuition-half-new-med-students#stream/0