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Albert Einstein College of Medicine on Monday announced it received a historic billion-dollar donation to make tuition free. While becoming a doctor has historically been a lucrative career path, many students come out of med school under a mountain of student debt. Nearly 3 in 4 med school graduates have education-related debt when they graduate, according to Bankrate. Public med school graduates leave with an average of $194,558 in debt, while those who attend private schools graduate with an average of $222,899 in loans. "Additionally, it will free up and lift our students, enabling them to pursue projects and ideas that might otherwise be prohibitive."
Persons: Einstein, Yaron Tomer, Albert Einstein Organizations: Albert Einstein College of Medicine, Monday Locations: New York, Bronx
"He left me, unbeknownst to me, a whole portfolio of Berkshire Hathaway stock," Gottesman told The New York Times. She would donate the money in full to the Albert Einstein College of Medicine in the Bronx, New York's poorest borough, the Times reported. Advertisement"I wanted to fund students at Einstein so that they would receive free tuition," she told the Times. Her gift is so large that it will cover students' tuition to the medical school in perpetuity, Albert Einstein College of Medicine said in a press release. A year's tuition at the school costs over $59,000, leaving many graduates with more than $200,000 in debt, the Times reported.
Persons: , Ruth Gottesman's, Gottesman, Gottesman couldn't, Einstein, Ruth Gottesman, XOy9HZLbfD, 1ijv02jHFk —, Gottesman's, David, Sandy, Warren Buffett, Berkshire Hathaway, Yaron Tomer, Marilyn, Stanley Katz Dean Organizations: Service, Berkshire Hathaway, New York Times, Albert Einstein College of Medicine, Times, Montefiore Health Systems, Pediatrics, Health, Einstein, Foundation, Manhattan Co Locations: Berkshire Hathaway, Bronx ,, @EinsteinMed, Buffet's, Berkshire
New York CNN —Students at the Albert Einstein College of Medicine in New York will receive free tuition after a $1 billion dollar donation from a former faculty member. In 2010, their gift of $25 million to the Albert Einstein College of Medicine went towards creating the school’s Institute for Stem Cell Research and Regenerative Medicine. Professor Emerita of Pediatrics at Albert Einstein College of Medicine and The Lizette H. Sarnoff Award recipient Ruth L. Gottesman, Ed.D. Brent N. Clarke/Getty ImagesDr. Ruth Gottesman joined the medical school in 1968 and developed screening, evaluation and treatments for children with learning disabilities. In 2018, in part due to Langone’s donations, NYU’s School of Medicine became the first medical school in the country to offer free tuition to accepted students.
Persons: Ruth Gottesman, David “ Sandy ” Gottesman, Berkshire Hathaway, Warren Buffett, Philip Ozuah, Sandy Gottesman, , Sandy, , H, Sarnoff, Ruth L, Brent N, Clarke, Emily Fisher Landau, Ruth Gottesman’s, Michael Bloomberg, Ken Langone, Yaron Tomer, Albert Einstein Organizations: New, New York CNN, Albert Einstein College of Medicine, Montefiore Medicine, Manhattan Co, school’s, Stem Cell Research, Regenerative, Sinai, Pediatrics, Rehabilitation Center, Emily Fisher Landau Center, Johns Hopkins University, Home Depot, NYU’s School of Medicine, Association of American Medical Colleges, Locations: New York, Berkshire, Manhattan, New York City, Bronx
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