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Consider this: there are no more African-American men in medical school today than there were 40 years ago. I think that there's a lot of folks at Bellevue, where I work, this is just anecdotal but I would say at least 60 percent of the patients are Latinos and this is an excellent way to draw the right people to the right institution. Lesley Stahl: And that pressure isn't on your shoulders. But when we saw her on the day of the announcement…, Elaine the day of the announcement: "You're not going to believe the news that just came out.". I said, "You know what, Bob? We are proud to offer every student enrolled in our MD degree program full-tuition scholarshipsas part of our tuition-free initiative. Joe Babinski was sitting in the front row, without a clue that was coming. Ken Langone: Oh, I go out, and I look at somebody nice like you, and I grab you by your ankles, and I shake you. Seth Perelman, MD, credits NYU Grossman School of Medicine—where he earned his medical degree 26 years ago—for his successful career as an anesthesiologist. Dr. Ezekiel Emanuel: Graduating medical school, 85, 86 percent of students have debt. And she said, "This morning, when I woke up and I knew I was coming here," she said, "I was convinced I would be in debt when I died to help my son become a doctor." I can focus on learning the medicine and being good at it. …calling her dad to give him the news, you wouldn't know she was saving just one year of tuition. Dr. Rafael Rivera: Yeah. Robert I. Grossman, MD, chief executive officer of NYU Langone Health and dean of NYU School of Medicine, discusses with The Wall Street Journal why providing full-tuition scholarships to medical students addresses a “moral imperative.” “Right from the start, I said we had an aspirational agenda, and one of the things we thought about was having a tuition-free medical school. (LAUGHTER), Lesley Stahl: But did you get it right away? This has been an issue that most deans of medical schools are passionate about. But I think that ultimately, like, a life of serving is more important to me. Lesley Stahl: Could your family afford medical school? This was the real-time reaction of another father. NYU Grossman School of Medicine is aware that many of you are facing numerous challenges posed by the COVID-19 pandemic. Follow us on LinkedIn. At NYU Grossman School of Medicine, we’re proud that our medical students are well-rounded and versed in topics beyond the humanities and sciences. Associate producer, Sara Kuzmarov. When Robert Grossman was named chief executive of NYU Langone Health and dean of New York University School of Medicine in 2007, he was already thinking about how to make tuition … The training exercise is part of First Night on Call, an innovative program launched three years ago by NYU Grossman School of Medicine. For more than 150 years, we have trained thousands of physician-scientists who have helped to shape the course of medical history and enrich the lives of countless people. Most recently, Dr. Grossman was the driving force behind the creation of NYU Long Island School of Medicine—a partnership between NYU and NYU Langone Health—offering full-tuition scholarships with an accelerated three-year curriculum exclusively devoted … Elaine graduated from NYU's med school in May, and has now begun her residency training in New York City. Dr. Rafael Rivera is dean of admissions at NYU Medical School. No doctor. *Students who choose to enroll in NYU Grossman School of Medicine health insurance will have this item added to their budgets once enrollment verification is complete. Middle School, High School & College Diversity Recruitment, Vilcek Institute of Graduate Biomedical Sciences, PhD Training Faculty at NYU Grossman School of Medicine, NYU Grossman School of Medicine’s Satisfactory Academic Progress Policy, Miscellaneous (laundry, clothing, personal, other). Most recently, Dr. Grossman was the driving force behind the creation of NYU Long Island School of Medicine—a partnership between NYU and NYU Langone Health—offering full-tuition … NYU's no-tuition model replaces what had been a patchwork system of scholarships and financial aid. Lesley Stahl: Did you think you heard them right? Copyright © 2021 CBS Interactive Inc.All rights reserved. When you enroll in the MD degree program, a tuition charge appears on your bill along with a credit for the full-tuition scholarship that offsets this amount. See what our Tuition Free initiative means to NYU Grossman School of Medicine’s students. NYU Medical School acceptance rate. After all the first-year students had filed back to their seats, Ken Langone, chairman of the board of trustees, and his wife Elaine, let everyone in on a secret. NYU Tuition Free Medical School for all MD Students. Opens in a new window. The application fee at New York University (Grossman) is $110. This amounts to a scholarship of $56,272 per year for each student. NYU Grossman School of Medicine is on track to exceed its application total, helped in part by its offer of full-tuition scholarships, says associate dean Dr. Rafael Rivera. Ariel Ostad ’91, Alumni Day emcee and president of the Alumni Association, … When you enroll in the MD degree program, a tuition charge appears on your bill along with a credit for the full-tuition scholarship that offsets this amount. Ken Langone: Bob Grossman, when he became dean, I sat him down. We will also accept on-line courses. If you're pre-med or considering a career in medicine - and the cost of medical school keeps you up at night - then you should consider applying to NYU for medical school. Elaine De Leon: I think just the idea that a lot of people who come from backgrounds like mine, low income, without parents who are able to afford medical school, I think that it's a huge draw. Elaine's ambition is to be a primary-care doctor treating poor people, but she says that the debt burden forced her to consider a different choice. NYU Grossman School of Medicine is proud to offer full-tuition scholarships to all current students and future matriculated students in our MD degree program, regardless of merit or financial need, provided each student maintains satisfactory academic progress in accordance with NYU Grossman School of Medicine’s Satisfactory Academic Progress Policy. And there was a sense of, "Did I hear that right?" One of America's most recognized and experienced broadcast journalists, Lesley Stahl has been a 60 Minutes correspondent since 1991. Joe Babinski: For one, I won't be working while I'm in school. And I think they will redouble their efforts. Welcome to NYU Long Island School of Medicine—a partnership between New York University and NYU Langone Health. Elaine De Leon: I borrowed $76,000 and if I were to pay that off in-- on a ten-year plan it would be $100,000 by the time I paid it off. For the 2020-21 academic year this amounts to a scholarship of $57,476 for each student. These are great people. (LAUGH) So I was like, "I'm-- I'm documenting that this is happening." This means that wealthy areas have lots of doctors, and lower income areas don't. It is the only top 10–ranked medical school in the nation to do so. The New York University Grossman School of Medicine is the medical school of New York University. Ken Langone: "As of this very moment, the NYU school of medicine is now a tuition-free medical school. In NYU Grossman’s most recent admissions cycle, they received 9,243 applications, invited 999 applicants to interview (10.8 percent), and eventually enrolled 102 students. The most affordable private medical school is also in New York City: the Grossman School of Medicine at New York University, where students paid nothing for tuition … All…". “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,” Grossman said in a statement. Just after this story aired in April, an anonymous donor reached out and offered to pay all of Elaine Ee Leon's existing student debt, saying they want to encourage her and others to specialize in primary care where patients badly need it. You know, orthopedics pays well. Ken Langone: "As of this very moment, the NYU school of medicine is now a tuition-free medical school. Or at least consider them. And he said to me, "One of the things I would love to have happen is for, one day, for us to be tuition-free." Lesley Stahl: And it compounds because you're not paying it off. Most of the money was donated by … Follow us on Facebook. Dr. Rafael Rivera: By 2030, we'll have a shortage of up to 49,000 primary care docs. Ken Langone: When we announced it, a mother, a pediatrician, came up to me, 30 years out of medical school, and she told me she was still paying off her medical school debt. Explore Map The Grossman School of Medicine at New York University (Grossman) has an application deadline of Oct. 15. NYU Medical School Plans Free Tuition For Those Studying To Be Doctors New York University said the move was to address the high cost of entering a career in medicine. According to the New York Times, the school has raised $450 million of the $600 million needed to finance the program. In July of 2019, NYU opened a brand-new medical school, NYU Long Island School of Medicine, on the campus of NYU Winthrop Hospital, in Mineola, New York.Here are five things you need to know about the region’s newest medical school as it welcomes its first class. NYU Langone’s calendar highlights education and research events taking place across our academic departments and divisions, our Office of Science and Research, and NYU Grossman School of Medicine. As he began that journey, Joe was expecting to take on a great burden. They do still have to pay their own room and board, but for these students, it's a gift worth more than $200,000 each. It seems like a huge mountain to climb. I'm a cheerleader, and I'm a fundraiser. With our Curriculum for the 21st Century, C21, we combine advances in learning strategies, emerging technologies, and informatics solutions to fulfill our trifold mission: to teach, to serve, and to discover. Lesley Stahl: And those are the doctors we have lacking. Tuition Costs $0. NYU Long Island School of Medicine is proud to offer full-tuition scholarships for three years to all matriculated students who maintain satisfactory academic progress and professionalism standards, regardless of merit or financial need. Read more https://bit.ly/3k6dA2C via The Wall Street Journal The Admissions Committee will accept Pass/ Fail grades for courses taken at schools who have decided to go Pass/Fail for the Spring 2020 semester. That, one day, if you're dealing with a patient who can't afford to have something done, you might say, "It's on me." Elaine De Leon: That's just my first year. Lesley Stahl: To go out and ask other people for money—. NYU Grossman School of Medicine is proud to offer all current students and future matriculated students enrolled in our MD degree program full-tuition scholarships, regardless of need or merit. Going to medical school today takes more than ambition, good grades in biology in college, and an appetite for hard work. Let's do it.". Their acceptance rate was 2.5 percent. Ken Langone made his fortune as a co-founder of home depot. NYU Long Island School of Medicine will have a curricular focus on training and producing primary care physicians. Is there anything in this program that encourages people to go out there California Privacy/Information we Collect, med! Underrepresented minority group, similarly, you would n't know she was saving just one year less the! Pay nyu grossman school of medicine tuition additional fees and living expenses Elaine De Leon felt that stress day. 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