New York: In a significant development, a New York medical school is set to scrap tuition fees following an exceptional financial contribution. According to the parent organization of the Albert Einstein College of Medicine, the institution will no longer charge its nearly $60,000 annual tuition fee, thanks to a generous donation valued at $1 billion from a philanthropic donor.
This sizable donation marks one of the most substantial contributions ever made to an educational establishment in the United States. As a result, the Albert Einstein College of Medicine, situated alongside its affiliated hospital, the Montefiore Medical Center, in the Bronx – recognized as the city’s most economically challenged borough with notably poor health indicators – is poised to undergo a transformative change.
A video circulating on social media captured the electrifying moment when the announcement was made on campus, depicting an auditorium filled with students erupting into cheers, applause, and jubilation.
We are profoundly grateful that Dr. Ruth Gottesman, Professor Emerita of Pediatrics at @EinsteinMed, has made a transformational gift to #MontefioreEinstein—the largest to any medical school in the country—that ensures no student has to pay tuition again. https://t.co/XOy9HZLbfD pic.twitter.com/1ijv02jHFk
— Montefiore Health System (@MontefioreNYC) February 26, 2024
Confirming the news, the organization stated, “Albert Einstein College of Medicine has been the recipient of a transformative contribution from Ruth L. Gottesman, Ed.D., Chair of the Einstein Board of Trustees and member of the Montefiore Health System board.” The statement continued, “This groundbreaking donation, the largest ever received by a medical school in the nation, guarantees that tuition fees at Einstein will be waived for all students indefinitely.”
Furthermore, the statement outlined plans for reimbursing current fourth-year students for their spring 2024 semester fees, with tuition becoming entirely free for all incoming students starting August.
Ruth L. Gottesman, aged 93 and a former clinical professor of pediatrics at Einstein, alongside her husband David Gottesman, a former Wall Street financier, have been notable contributors to the institution, with their latest contribution marking a historic milestone for the medical school.
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