Friday, August 17, 2018

NYU Medical School Offers Full Scholarships to All Students

Why would a legal scamblog make reference to a news story concerning NYU Medical School?  Well, leave it to the medical profession to render an accurate diagnosis:
The cost of medical school can keep some people from pursuing a career in the field. Addressing the affordability issue could help alleviate physician shortages, said Rafael Rivera, associate dean for admissions and financial aid.
"The debt can scare people away. One of those individuals could be the one to find a cure for cancer. For us, it's important to have the best applicant pool possible and society deserves nothing less," Rivera said.
All students enrolled in the MD degree program are eligible, regardless of their financial need or academic performance. The scholarship covers the full cost of tuition, which this year amounts to $55,018.
"We want people to pursue those fields because it's their passion," Rivera said.
Because scambloggers clearly have no idea what they are talking about when it comes to law school debt and the state of the legal profession, perhaps people will listen to the medical community instead as an analogous study.  Interesting that NYU is also offering real, actual scholarships, not bait-and-switch section-stacking grants that the Law School Cartel is famous for.  Again, open road narratives ain't cheap, y'all, and don't compare to the cost of laboratories and teaching hospitals.
What about ongoing concerns such as "public service" and diversity?
NYU also says medical school debt is "reshaping the medical profession," as graduates choose more lucrative specialized fields in medicine rather than primary care.
A report from the AAMC in April said the U.S. faces a shortage of doctors of all types — perhaps more than 120,000 by 2030. The predictions vary widely, however, to between 42,600 and 121,300. The group says the country will be lacking between 14,800 and 49,300 primary care physicians by 2030, while "non-primary care specialties" will fall short by 33,800 and 72,700 doctors.
The school says it hopes the plan will also increase diversity among its students — what it calls "a full retrofitting of the pipeline that trains and finances" future doctors.
So, if society needs more family-oriented and/or General Practitioner doctors out there, them with the debt such that they can afford to accept "less" pay to do the work that needs doing!  Brilliant.  While room and board costs still exist, these are also clearly recognized and aid is available for those costs, also.
Interestingly, a shortage is what sometimes occurs when an accrediting body actually, y'know, regulates their given profession.  Sounds like a nice problem to have (as opposed to decades of law graduate overproduction, by contrast) and it is easily remedied.  But the tuition waiver also gets exactly at the core of the public service issue.  While the Law School Cartel whines about graduates not "defending liberty" and "pursuing justice" while offering soft-default, not-solutions to student debt (and the Department of Education eviscerates public loan forgiveness in the meantime), NYU is actually putting its money where its mouth is.  Something the scamblogs have long criticized the Cartel for failing to do - if you actually want more public servants and more diversity, then hey, open the pocketbook.  NYU is leading by example.
Oh well.  It appears that these solutions will help alleviate the SHORTAGE of medical doctors, and also not burden them with a lifetime of unsustainable debt at the same time while increasing access.  I know I am certainly  looking forward to the Cartel's own solution, perhaps using NYU as a model example.  It should be coming along anytime now...I'm sure Cooley and Infilaw are on it, to say nothing of the T100.


  1. NYU has been gouging its students for so long now, among the most expensive universities in the land, I am guessing there is more than some sort of noble intent on its part. It will now INCREASE its standards to get into its medical school, which I guess is good, but no guarantee it won't charge tuition again in the future is there? Regardless, its undergraduate and other students will likely be gouged even more now to make up for lost tuition to the medical school, all while the school gains great publicity about how wonderful it is which is why undergraduates should be happy to attend and continue paying its 50K per year cost in tuition and fees. Color me skeptical.

    1. No, they won't. While there's no defending the tuition for NYU undergrad, it has zero, as in absolutely nothing, to do with the medical school. Neither funds the other, and had you bothered to read the articles related to the free medical school tuition, you'd have learned that it's rich guys-who apparently love giving money to medical schools(take a look at all the medical schools now called the Mr. X School of Medicine-e.g. David Geffen School of Medicine at UCLA) who will be funding a trust so that the free tuition can be offered. So be skeptical all you want, but at least bother to check the facts.

    2. Sorry, August 18 at 9:35. I agree with August 17 at 9:35. My experience is that when someone gives $100 to, say, the art department, the university just reduces the amount it gives to the art department by $100, so there is no net gain to the art department. Similarly, when the university forgoes revenue from, say, the theater department (reduced ticket prices?), it increases revenue elsewhere (usually tuition or fees) so there is no net loss to the university. Now, it may not be obvious, and it may take time (buried in increased or decreased overhead or in various consulting agreements), but it will happen.

    3. mean the undergrad school is not part of the same NYU as the Med one has absolutely nothing to do with the other? Why would I bother reading other articles other than what is posted above and the article it links to where it is stated: "New York University will offer a scholarship that covers tuition to every new, current and future medical student, it said Thursday". Does that say that some Rich guy made a contribution to cover all medical school tuitions somewhere? Maybe you can point that out. So when you ask me to "check the facts...that sure would be a lot easier if you evidence you know something about the "facts" and can source them. Its possible you are somehow affiliated with the school or more likely, you sound like the type of lawyer we all so much admire these parts.

    4. Both 156 and 4p have no idea of the relationship between medical schools and undergraduate schools-as in, there is none financically. You can't extrapolate what occurs in the art department to the medical school, as the art dept is part of undergrad, and the medical school isn't.
      Yes, 4p-check your facts; Kenneth Lagone gave $100 million, another $350 million raised from others. Your insults are amusing, your sloth even moreso. So here's your source:

  2. Don’t expect free tuition at an ABA accredited law school any time soon. The goals of law schools and med schools are remarkably different. Any physician can have a long, rewarding, and successful career in medicine. Physicians who pursue academic medicine earn less. But physicians who pursue academic medicine can train students and residents while treating patients. They can do research that improves the diagnosis of health problems and treatment of patients. And they benefit from the prestige of working for a teaching hospital. Lawyers on the other hand do not have job security or guarantees of high pay. The up or out system of big law firms has been around for decades. Teaching law has been a popular post-big law landing spot for lawyers with elite credentials. The law professors can earn six figure salaries for very little work. The law professors don’t have to actually represent clients or do any legal work. They merely have to teach a couple classes a semester.

    Not surprisingly, given that the faculty of med schools are made up of practicing physicians, their goals tend to align with benefiting and protecting patients. Med school professors are training students who will eventually become one of their peers. One day, the med school professor may need to refer their patient to one of their former students. So med school professors have an interest in making sure their student is competent. The faculty at NYU have recognized another problem in the medical field. Unfortunately, Medicare and health insurers reimburse physicians more for procedures. So the highest paid specialties are the ones that involve surgeries and procedures – orthopedic surgery, interventional cardiology, gastroenterology, etc. Patients can’t see these specialists for checkups, preventative care, and basic health needs. Patients need to see family practitioners, internal medicine physicians, and pediatricians for their general health needs. But because these specialties receive lower reimbursements from Medicare and health insurers, fewer medical students tend to pursue these specialties. Hopefully, NYU will encourage more of their students to pursue primary care now because the students don’t have to worry about repaying student loans.

    The faculty and staff that operate law schools have much different goals. The law professors and administrators don’t earn any revenue from practicing law. Their salary comes solely from tuition dollars. So the law professors and administrators have no interest in protecting the public. When law school applications dropped, the law schools lowered standards. When bar passage rates plummeted, the law schools called for lowering bar passage standards. Prior to the law school scam blog movement, the law schools published fictitious employment statistics and enticed students with scam conditional scholarships with section stacking. They did anything to scam students and bring in more student loan dollars. The law schools thought very little of their students or the public.

    According to NYU’s ABA required disclosures, the school admitted 427 first year students. Tuition alone at NYU law is $63,802 per year. Compare that to the med school, that enrolled 102 new students this fall. The total size of the med school is 442 students. And tuition is now free.

  3. There are law schools offering free tuition. Granted, they are not openly offering it, but if you have good admission numbers, you can get it. That doesn't make it a good deal.

    Med school and law school are apples and oranges.

  4. Here's hoping for a trifecta, with Florida Coastal biting the dust in the immediate future. And if you're a student at FC-espeically a soon-to-be 1L-how do you convince yourself that the shameless folks running FC aren't going to leave you locked out, too?

  5. Med school was the most horrible experience in my life