this post was submitted on 26 Feb 2024
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But textbooks are still $1,500 and there are $50k in fees.
/s. Sorta.
It’s a great gift, but tuition isn’t the only expense.
Hopefully PDFs of medical textbooks are as easy to find as they are for engineering textbooks.
With a huge pot of money infinitely annuitized like this, they could literally be paying their students to attend.
Maybe that's the next frontier. Hopefully. It's definitely the best way to ensure access to education for the poor.
How dare they solve one problem but not all problems.
They didn’t “solve” anything. It’s a private medical school with a sub 2% acceptance rate. The kind of people who are going to be attending a school like this are already likely to be far better off than most as many will have accomplished pre-med courses and extracurricular activities to stand out as well as have had financial, scholastic, and other support to have the grades necessary to have a shot at being accepted at such a school.
IOW, exclusive school will likely mostly admit students from families wealthy enough to afford the best education and prep likely to be offered a slot at an exclusive school.
The only thing I’ll grant is that people who do get to this school will have less debt if they are of lesser financial means.
Nothing was “solved”.
E: further thought: this “gift” is giving other mostly well off people a price break. If a lower income family with a student is at this school it’s probably the exception to the rule of who benefits from this gift.