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College tuition continues to grow. Student loan debt reached almost $1 Trillion last year. College graduates are out of work. Higher education as the route to success in America is under review. Follow the debate.

NYU Makes Tuition Free for All Medical Students

8/16/18
from The Wall Street Journal,
8/16/18:

School has raised more than $450 million of its estimated $600 million needed to cover tuition in perpetuity.

New York University said Thursday that it will cover tuition for all its medical students regardless of their financial situation, a first among the nation’s major medical schools and an attempt to expand career options for graduates who won’t be saddled with six-figure debt. School officials worry that rising tuition and soaring loan balances are pushing new doctors into high-paying fields and contributing to a shortage of researchers and primary care physicians. Medical schools nationwide have been conducting aggressive fundraising campaigns to compete for top prospects, alleviate the debt burden and give graduates more career choices. NYU raised more than $450 million of the roughly $600 million it estimates it will need to fund the tuition package in perpetuity, including $100 million from Home Depot founder Kenneth Langone and his wife, Elaine. The school will provide full-tuition scholarships for 93 first-year students—another 9 are already covered through M.D./PhD programs—as well as 350 students already partway through the M.D.-only degree program.

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