Its medical school, Weill Cornell Medicine in New York City, announced that all students who qualify for financial aid will get a full ride: All costs will be covered by scholarships, including tuition, room and board, books and other educational expenses. On Monday, Cornell University went even further. ![]() The average medical student who graduates with debt owes $200,000, with several years of modest pay ahead as a resident or fellow, according to data from the Association of American Medical Colleges.Ĭoncerned that young doctors were being driven by financial pressures to become specialists rather than practice pediatrics or family medicine, some prominent universities have begun using major gifts from donors to relieve students from having to borrow to pay tuition. Doctors can be among the highest-earning professionals in the country, but they are also among those saddled with the most student loans.
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