Medical school gets a $1billion donation

Aussie Willy

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sk9tingfan

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The Albert Einstein College of Medicine in the Bronx received a $1billion from a former professor which means students don't have to pay tuition fees.

Please see The Good News thread where I posted it this afternoon. I also mentioned Ken Langone's $200 million donation at NYU's medical school several years ago for the same purpose of free medical school education. Worked at NYU's Langone Medical Center for 8.5 years.
 

MacMadame

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It makes me happy that they are using the money to waive tuition. My HS got a 25 Million bequest and not only did they not do that but they continue to fundraise like a maniac. Their endowment is about 10x the average size of their peers. I have refused to give them a dime since then.
 

sk9tingfan

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This pattern has repeated for other medical and nursing schools.

Ken Langone of Home Depot fame funded $100 Million in order to make medical school free at NYU in 2018 and then another $$100 million.

Today, Bloomberg Philanthropies has provided $1 Billion to Johns Hopkins Medical School, making tuition free for most students and expand financial aid for nursing, public health and other graduate programs. The ceiling on free tuition is extended for families whose annual income is $300K.

 
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barbk

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Not my money...but if I had the money, I'd rather forgive the loans for med school students who choose primary care, gerontology, or psychiatry as specialties. Orthopedic surgeons, dermatologists, and radiologists don't need the financial assist. On the nursing front, I'd forgive loans (a year at a time) for each year a nurse works in a nursing home/convalescent care/home health care setting or for nurses working in underserved areas.
 

sk8pics

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Not my money...but if I had the money, I'd rather forgive the loans for med school students who choose primary care, gerontology, or psychiatry as specialties. Orthopedic surgeons, dermatologists, and radiologists don't need the financial assist. On the nursing front, I'd forgive loans (a year at a time) for each year a nurse works in a nursing home/convalescent care/home health care setting or for nurses working in underserved areas.
Yes, I can see that, but perhaps if they are graduating without a mountain of debt some will choose lower paying specialties.
 

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