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NYU Makes Tuition Free for All Medical Students

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Re: NYU Makes Tuition Free for All Medical Students

#61
post #59

Bravo! I just wish there was a middle ground here. The problem is that tuition is too high, not that it exists at all. Lowering tuition would solve the problem just as effectively, and could be done for more students.

Lowering med school, law school, and undergrad tuition by 8% across the board doesn't quite get the publicity that eliminating med school tuition does, though.

Re: NYU Makes Tuition Free for All Medical Students

#62
I wonder if they will cover the tax if the irs decides to call it income to the student. But good to see. Doctors have been getting squeezed pretty hard recently. Something has got to give. Radiology had around 80 unfilled residency spots a few years ago because of poor career outlook.

Re: NYU Makes Tuition Free for All Medical Students

#63
post #50

This is great! Now lets please do the same for nurses and social workers who pay exorbitant tuition rates, too, yet get paid peanuts to be on the frontline of health care.

> Now lets please do the same for nurses and social workers who pay exorbitant tuition rates, too, yet get paid peanuts to be on the frontline of health care.

I would not say nurses get paid "peanuts". Not many jobs would let you earn close to $100k in New York City with only a bachelor degree (or in some cases only a two-year associate degree)

Re: NYU Makes Tuition Free for All Medical Students

#64

Earlier quoted context omitted.

Plus anything that can be done to juice the supply side of the healthcare curve is a big benefit. Cheaper school means more doctors means lower labor costs means cheaper healthcare.

Cheaper medical school tuition isn't going to lead to more doctors. The limiting factor is the number of available seats and residency positions, not the cost.

> Cheaper medical school tuition isn't going to lead to more doctors.

No, but it might mean more doctors in the kind of practices and specialties that are socially useful but not serving the wealthiest of private pay clients, because the necessity of chasing the maximum returns is reduced.

Re: NYU Makes Tuition Free for All Medical Students

#65
post #9

Earlier quoted context omitted.

If I may ask, how exactly do you have the time to be both a resident and a software developer? There aren't enough hours in the day. Do you even sleep?

I did a prelim-surgery intern year. The hours are worse than medicine, but there are way less "mandatory" activities (no lectures, no endless rounding, etc.). For the most part, you're on the floor waiting for pages. I used the time between pages to write code. Now I'm a radiology resident and have much more time.

> the time between pages to write code.

Makes me feel like a slacker for not studying medicine or law while I'm waiting for my code to compile.

Re: NYU Makes Tuition Free for All Medical Students

#66
post #32

I'll probably be downvoted on a forum like this, but I worry about the most successful universities using their funds to subsidize those who would be fine without it. I was actually made aware of this by a wealthy Stanford alumni which has a fairly broad program for undergraduate tuition assistance. Graduates of mid/low tier universities seem more and more likely to have to compete with better credentialed people wit…

The paywall hits for me before the source(s) of the subsidies is identified (assuming they are identified). So how much is public and how much is private?

"NYU raised more than $450 million of the roughly $600 million it estimates it will need to fund the tuition package in perpetuity, including $100 million from Home Depot founder Kenneth Langone and his wife, Elaine."

Sounds largely private.

Re: NYU Makes Tuition Free for All Medical Students

#67

I wonder if they will cover the tax if the irs decides to call it income to the student. But good to see. Doctors have been getting squeezed pretty hard recently. Something has got to give. Radiology had around 80 unfilled residency spots a few years ago because of poor career outlook.

I think this has more to do with ML advances putting radiologists out of a job.

Re: NYU Makes Tuition Free for All Medical Students

#68
post #9

Earlier quoted context omitted.

If I may ask, how exactly do you have the time to be both a resident and a software developer? There aren't enough hours in the day. Do you even sleep?

I did a prelim-surgery intern year. The hours are worse than medicine, but there are way less "mandatory" activities (no lectures, no endless rounding, etc.). For the most part, you're on the floor waiting for pages. I used the time between pages to write code. Now I'm a radiology resident and have much more time.

Are you in the Bay Area? Would love to learn more about your experience.

Re: NYU Makes Tuition Free for All Medical Students

#69
post #9
post #4

This is amazing. I graduated from medical school two years ago with $300,000 in debt. I'm a software developer on the side and would love to stop residency to try a healthcare startup and/or pursue a research, but the risk is too great - I need the attending salary to pay off the debt.

If I may ask, how exactly do you have the time to be both a resident and a software developer? There aren't enough hours in the day. Do you even sleep?

I have a friend who is a resident and is the mother of 2 young children. That’s way more work than being a software developer. You find a way.

Re: NYU Makes Tuition Free for All Medical Students

#70
post #4

This is amazing. I graduated from medical school two years ago with $300,000 in debt. I'm a software developer on the side and would love to stop residency to try a healthcare startup and/or pursue a research, but the risk is too great - I need the attending salary to pay off the debt.

I'm a software developer and would love to do medical school, but have too much student debt and the risk is too great. Want to trade places?
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