The cost of medical school

The average doctor comes out of medical school with at least $200,000 of debt. NYU is doing something about this. 

It will provide all new, future, and current students a full-tuition scholarship—financial need and merit aside, meaning wealthy students and low-income students alike will receive it. The scholarship doesn’t cover the rest of the costs associated with college—housing, food, child care—but it takes $55,018 a year out of the picture. This will cost $600,000,000; they already have raised $450,000,000.

There are at least two benefits of the program. It may help put a dent in the dearth of diversity in a field in which a little more than 8 percent of physicians are black and less than 7 percent are Latino.
There is expected to be a shortage of up to 120,000 doctors by 2030. Up to 49,000 of that shortfall will be in the realm of primary-care physicians.