On Thursday August17,2018, Kenneth G. Langone, chair of the board of trustees, said in a video announcement, “ I'm proud to announce that as of right now, every student that we admit to New York University School of Medicine comes tuition-free And this includes the incoming class and the upperclassmen as well that are here right now — no more tuition. They walk out of here unencumbered, looking at a future where they can do what their passion tells them, which is to help people live better quality lives".
According to U.S. News and World Report, public medical schools charged an average of $34,699 per year for in-state tuition during the 2017-2018 school year. The average private medical school charged $54,877 per year during the same time.
According to NYU School of Medicine, the current sticker price at NYU's school of medicine is $55,018 per year, and students in medical schools typically take four years of classes.
Doctor Robert Grossman, dean of NYU school of medicine and CEO of NYU Langone Health, also said in a Thursday statement, “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 .We believe that with our tuition-free initiative, we have taken a necessary, rational step that addresses a critical need to train the most talented physicians, unencumbered by crushing debt. We hope that many other academic medical centers will soon choose to join us on this path."
1 video announcement link:
2 NYU School of Medicine link:
3 U.S. News and World Report link: