CNBC reports on the charter class of the University of Central Florida’s medical school and its unique model that allows students to attend tuition free.
Dr. Deborah German, dean of the medical school, says it admitted 41 students in the school’s first class and donors have pledged enough money to cover each student’s tuition and living expenses for all four years.
The report says that most medical students have racked up more than $150,000 of debt by the time they graduate. The report includes discussion about whether coming out of med school debt-free might encourage some to go into primary care rather than more lucrative specialties, such as plastic surgery.
German says that when medical students enter school, most of them do so with dreams and a sense of altruism but that by the end of medical school, they are starting families and the reality of debt sets in, perhaps pushing them away from going into primary care.
The donors, according to German, include hospitals, banks, law firms, women’s groups and all kinds of businesses. The money comes without strings; the students are not committed to go into a particular specialty or practice in a certain location.