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$1 Billion Donation Will Provide Free Tuition at a Bronx Medical School
Friday, March 1, 2024

$1 Billion Donation Will Provide Free Tuition at a Bronx Medical School

By: New York Times

New York Times (02/26/24) Goldstein, Joseph

Ruth Gottesman, a former professor at the Albert Einstein College of Medicine and the widow of a Wall Street investor, announced that she is donating $1 billion to the school in the Bronx. The funds, likely the largest charitable donation to a medical school, are to be used to provide free tuition to all students going forward. The donation is intended to allow new doctors to start their careers without medical school debt and also to expand the student body to include individuals who may not otherwise be able to afford medical school, Gottesman said. "We have terrific medical students, but this will open it up for many other students whose economic status is such that they wouldn't even think about going to medical school," she noted. Tuition at Einstein is more than $59,000 annually, and the school said that nearly 50% of its students owed more than $200,000 after graduating. Gottesman started her career at Einstein in 1968 and is currently chair of the school's board of trustees.

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