NYU's School of Medicine might get a lot more applications next year.
The university announced Thursday that all current and future MD students will attend med school tuition-free.
The Association of American Medical Colleges says 75 percent of med school graduates in 2017 had student loan debt when they finished school. The average amount of that debt was over $190,000.
By giving scholarships to cover tuition, the university wants to give students the opportunity to choose a specialty based on their talents and interests, not based on which type of doctors get paid the most.
For the coming school year, those scholarships will equal over $55,000 per student.