Donation of $1bn cancels tuition fees at NYC medical school
Al Jazeera
Medical students in New York’s worst-performing borough for health will now receive free education.
A $1bn donation by a former professor will allow a medical school in New York’s worst-performing borough for health to fund tuition fees for all of its students.
Albert Einstein College of Medicine in New York City announced on Monday that the gift granted by Dr Ruth Gottesman, who first joined the medical college in 1968 and is now chair of the Einstein Board of Trustees, will transform the school.
“This historic gift – the largest made to any medical school in the country – will ensure that no student at Einstein will have to pay tuition again,” it said.
The school is reimbursing all current students with the tuition fees from their latest semester. All new students will receive free tuition from now on.
Gottesman is making the donation from the fortune left by her late husband David “Sandy” Gottesman. The Wall Street financier, an early investor in Berkshire Hathaway, died in September 2022.
