Moment Bronx medical students find out school will be tuition-free
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- เผยแพร่เมื่อ 26 ส.ค. 2024
- The Albert Einstein College of Medicine in the Bronx plans to be tuition-free for students, after a $1bn donation from former professor Dr Ruth Gottesman.
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The donation is among the largest to date for an educational institution in the US. Half of Einstein’s most recent class of students are New Yorkers, according to the medical school - 59% are women and the majority are people of color. Einstein’s students graduate with higher amounts of debt than other medical students at New York City schools. Gottesman said she hoped that it made medical school more accessible to those who could not previously afford it
$1bn donation means students at New York medical school will pay no tuition ► www.theguardia...
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#UnitedStates #MedicalSchool #Bronx #RuthGottesman
Welp, Albert Einstein just became the most competitive med school in the country
it’s already super competitive haha, if I’m not wrong the acceptance rate is 2%
@@bobabooks According to their admissions page (for the class of 2027), “There are 183 students in the first-year class. 9,012 individuals applied for entrance and 948 were interviewed.”
@@bobabooksyeah but now they will have NYU type of competition 😬
Actually there are a few other medical schools in the US which are free.
@@monarnyc”Actually”…golly.
As a doctor in debt still studying, I cried even if I'm not from the college.
I get it, the struggle is real during school. But doctor’s in the states make so much money they catch up fast... you’ll be debt free by 40 and save more money than everyone else made between the ages of 20-40 combined in just a few years…
Doctor’s have very important jobs and they are paid accordingly. What they don’t understand is how hard it is for people to save extra money when they only take home a “regular” salary. 90% of it goes away to living, people can’t even save for retirement. Where as the extra $100k+ savings per year as a doctor is a decade of savings for others…
Anyways, please take that as encouragement. Life is way harder not being a doctor
It’s still worth it though. You’ll be making a net positive in the long run.
The problem is, weather these ppl will give back to society or make everything capitalistic for monetary gain
I'm not a doctor, I'm not in debt, I'm not American, but I cried too
@TND.4.worldpeaceyour comment is blatently obvious jealousy because no university would ever accept you in a million years 😅
1 billion is an insane amount. They can teach thousands of people for free with that much
Hence the auditorium?
It's an investment, too
That's what they intend to do.
yeah imagine if it was possible to fund it regularly SOMEHOW
@@matthowardtvfor who though?
As someone who paid for his college, nothing makes me happier than to see young people not starting life shackled with debt.
I mean they well be shackled, just in a different way
❤
To be fair, most of these people will end up making $700,000 plus per year eventually.
@@sharpe52312 "eventually" that eventually is when they're 40-50 years old.
Also, $700k is only if you're in an admin position and been working there for decades. Most general medicine doctors only make $200k. It's only higher if you're in a specialty like anesthesia, but it also requires another 6 years of traning AFTER spending 8 years in undergrad and med school.
Still anesthesiologist only makes $300k-500k, still not 700k
What was your degree in?
They all just hit the lottery.
Not really I just checked not everyone can get in and I’d imagine it’s going to be even more competitive than other schools.
Or the roof
@@abolisher True, but there are other med schools, and their differences are important
Law 40 or 48: DESPISE THE FREE LUNCH. Anything offered for free is dangerous. It involves either a trick or a hidden obligation.
@@abolisherEveryone in that room is already in and they all just “won” between 100k and 300k in tuition saved depending on when they graduate
Now that is how billionaires can make a difference
if they didnt exist in the first place there would probably enough money for fundy education and health properly... think on that...
@o No way you're serious with that comment😂
Not their job to do it
@mclingo there's absolutely no guarantee that if rich people weren't as rich the surplus money would automatically go to causes like this.
They could really make a difference by not taking more than their share in the first place. The very fact billionaires exist is evidence the system is failed
People who just graduated: 💀
People who just graduated with student debt: 💀💀
FOR REAL I WOULD BE CRYINGGGG
Ppl who dead during the black plague before soap was invented: 💀💀
Ppl who died of dysentery before learning they could just drink water: 💀💀
@@msjahunIdeally, they will also absolve all the students debts, even those who have graduated.
what a wonderful gesture , ALSO the University will keep it's original name . this was not a vanity donation like many are
It will live on, so in some sense it is
@wardtv There's no "in some sense". It either is a vanity donation, or it's not. This is NOT. Keep in mind the definition of "vanity". A vanity donation is one that, by definition, comes with stipulations that benefit the donor; for example, naming a building, pavilion, program, or an entire school after the donor. This particular donation came with absolutely no self-serving stipulations whatsoever, and is therefore NOT a *vanity* donation in any sense of the word. Once this story is out of the news, no one except those benefiting directly will know who this woman is unless the school choses to honor her of their own accord and keep her name alive there. Her name will not appear on buildings, signs, campus street names, etc. unless the school CHOOSES to do that for her. She did not demand that she do it in exchange for her donation. That's the very OPPOSITE of a vanity donation.
Tbh I don't care if something changes a name or not, what matters if whether the gesture actually matters or whether it's just some visible but pretty meaningless thing. This here matters though, a lot, whatever her intentions would have been
I don’t think it really matters much if they name a building after someone. That’s not vanity in my eyes however I understand what you mean by the term
Yeah...I don't think the students would care either way 😆
With the high cost of tuition fees wonder how long the 1bn will last.
Edit
Just checked. Apparently a long time.
Dr. Gottesman’s husband died in 2022 at age 96. “He left me, unbeknownst to me, a whole portfolio of Berkshire Hathaway stock,” she recalled. The instructions were simple: “Do whatever you think is right with it,” she recalled.
It was overwhelming to think about, so at first she didn’t. But her children encouraged her not to wait too long.
When she focused on the bequest, she realized immediately what she wanted to do, she recalled. “I wanted to fund students at Einstein so that they would receive free tuition,” she said. There was enough money to do that in perpetuity, she said.
How sweet
They invest the money to keep bringing in income. They don't just go and spend the billion dollars on expenses.
That's amazing ❤ what an angel.
@@selilatte If you place $1 billion in a high interest savings account at about 5% apr, you get back $50 million a year.
Yearly tuition fees at medical schools are about $50,000 a year, that will cover about 1000 students.
There are about :
697 Doctor of Medicine, 166 Doctor of Philosophy, 130 M.D./Ph.D ,265 post-doctoral fellows at Albert Einstein College of Medicine.
So even a basic (safe) investment like this should be all that is needed.
@@danielreed5199Berkshire Hathaway has done way better than a 5% return. Terrible assumption to use
Now this woman is a hero, and a beautiful humanitarian! 💗
Donations are always cool
Law 40 or 48: DESPISE THE FREE LUNCH. Anything offered for free is dangerous. It involves either a trick or a hidden obligation.@@matthowardtv
No the hero is Bernie Sanders, who for decades have fought for free education for all.
Agree.
And her man!
Seeing how I lost 2 people to cancer I completely understand her. She really meant well for this donation
Sorry for your losses
Pretty myopic way of looking at it....
It's not all about you.
I just read a full article about this. Watching the video, my spine tingled and my eyes filled up with tears. Maybe there is hope for the world after all. A breathtaking act of generosity, but one that should be/I hope will be precedent-setting. The first of many 🤞🏼🙏🏼
Hope for USA maybe. In EU most universities are free
I just hope when these MD's do start practising they will remember their gift and act accordingly.
Higher education is free in my country (Poland), but watching that made me teary 🥹 I guess it was the reaction of the student and the unbelievably high amount of money donated by this amazing lady!
Hope they can at least treat patients right.
I'm not even studying medicine and have already paid off my student loan, but I also teared up. It's amazing news and will help so many people. Education should be free.
" we must make a choice between water for all, or champagne for the few" -thomas sankara
These days even water started to be hardly affordable for some segments of the population.
Wow, a Thomas Sankara quote. Respect.
@@piotrjanisz4421 mhm, apparently alcoholic beverages were drank more often because they sterilize the water
🇧🇫🫡
I would choose champagne for the few
Doctor shortages should make all schools tuition free. Not just doctors
Not faster medicine, freer of a burden
Nah if they become doctors they would pay off their debt in no time
@@taro7145 40 years of that attitude is why there aren’t enough doctors
@@taro7145 You have a wrong idea of what doctors make, and how much medical schools charge for tuition.
@taro7145 it takes 7-8 yrs to become a doctor. In the residency they get paid lesser than nurses even. Then they need to specialise if they need a fancy pay but that means more tuition and would take a couple of years more. Meannwhile the interest keeps increasing. So no being a doctor isn't a money grab unless u are the "cream of the crop"
I hope all those students will not take that for granted and actually make a better future, not just for themselves, but the people they will be able to help.
Yup. Just came here to say this. I hope they go on the serve underserved and neglected populations now that they won't be in so much debt.
If I were running that University, I would say “this is how much tuition is. If you graduate, you don’t have to pay it”.
I think that's the default state of young people. Especially ones able to get into med school. Idealistic, energetic people.
Their mission is to prepare a diverse body of students to become knowledgeable, compassionate physicians and innovative scientific investigators, and to create new knowledge.
@MegaKing100 this is how we do it in my country. We get free education but only if we graduate. If we don't we have to pay back what we got.
This is a little step for me, big step for humanity
Each one of us
Maybe I'm too optimistic but as older generations die off and cultures become more egalitarian, this kind of generosity will become the norm.
It's been free in most of Europe for decades. The U.S. is just behind in times.
@@benpokeYes, you are right. Universities in some countries where free, in Mao's China, Soviet Russia and many other smaller gulags.
@@benpokebut it’s only in this school other schools are competitive
Amazing couple, rest in peace to her husband. He trusted her that she will do the right thing.
"Hey Dr. Gotts, whatcha gonna do?
Whatcha gonna do?
MAKE OUR DREAMS COME TRUE!"
hahahahhaa
I understood that reference 🤣
No batteries just billions
OMG
Well, I imagine the parents are pleased.
More competitive, though
@@matthowardtvno it isn't
@@tsuyuasui7297 yes it is
@@matthowardtv I mean they are already in uni
@@cliprimate_EXtinted future students, not present, i imagine
it tookme 12 years to get out student debt, this is huge moment to our future doctors and girl boss MVP!
I've watched this a few times and burst into tears each time.
I'm crying thinking about how well this sets these future medical professionals up for success. They will have to work so hard to get where they are going and now they don't have to go into debt!
hope all goes well for the kids in the bronx
Don’t steal the bronx from jlo
I don't even go to the college and seeing the cheers made me cry❤
My cousin is a medical student there. I’m so happy for her. ❤❤❤
What a legend. What an inspiration. Hope thousands of students will get benefited and pay it forward.
“What if the cure to cancer is stuck inside the mind of a person who can’t afford an education?”
Thank you Ms. Ruth. ❤
Not to break the mood, but in the USA, if there _was_ a cure for cancer, 90% of people couldn't afford it.
@@MartinRenner either someone had already found and made a cure, but dont have resources or cant afford to make it cheaper for mass production.
The pharmaceutical and medical industry would never allow it to go public. There’s too many billions of dollars to be made off cancer treatment.
Yeah because the cure of all plagues are discovered by just one illuminated dude...
Read about cancer please, spoiler, it is not just one cancer...
Another thing people who invented and discovered things are not the ones who have just started the first year in the university... It's the people who already have been learning for years...
In any case donate to investigation centers...
Yeah they already discovered it but the evil government and corporations don't want us to know...
No, dude is a little more complicated... Just a little.
This should be the case everywhere.
It should be *affordable* everywhere.
Education *has* to be free
This is the case in most of Europe
*laughs in European*
Would it be valued if it were free?
Why did I think of Scott’s Tots? 😂
Same😂
Will be nice to have a quality doctor who is not drown in debt
What a beautiful gift for society as a whole!
That one guy in the back looks mad asf! He must be graduating 😂
They're reimbursing current students for the past year or something like that! So, at the very least he's getting some back.
I have teary eyes just to hear this. Thank you for your generosity.
in a different universe this wouldn't be needed bc tuition would be free just like in other countries 😭
I cried watching this
This is beautiful 🥺 Their reaction omg
Gosh this is tear jerking
I don't get why every college over there doesn't do this, we have it over here in most of Europe already
Just look at the comments in this video. Americans are so individualistic that they think if some people paid, everyone has to pay forever otherwise its unfair.
@@JardsonJeanIt's an awful mentality that so many here have and it's not sustainable. People won't realize it until it's too late. Similar sentiments are shared when people's loans are forgiven. So much bitterness. I paid off my loans already, but was so happy to hear so many students were freed from the burden of massive student debt.
Have you not figured out? Our government hates us and wants us to suffer.
Wish it was free so I didn't have to study outside the country. I would love to study in the US but the loans and cost is too much I just had to avoid.
But to be fair , many colleges are also much harder to get into over there than it is here. Over here you have most schools that would accept pretty much anyone unless it’s an Ivy League like Harvard, ect .But in turn you have to pay . My school for example used to be free, but once they started accepting much more students , along side other monetary issues within the city at the time , they had to start charging money.
Somewhere Al Pacino is saying Hoo-ah!
What an incredible lady. Seeing that kind of reaction from the brightest young minds in the country must have really made her tear up that night
I don't even go here. I don't even study medicine. But, I'm teary eyed watching this.
*Looking at the balance I have left of my student debt*
I had the same reaction 45 years ago when my college Dean informed me that I received a full academic scholarship with my acceptance into the Graduate School of Business. This first-generation college student broke down. In hindsight, the "ripples in the pond" have been too numerous to count.
Genuinely teared up watching this. This is life changing.
Bro, i got goosebumps, out of joy!
Now imagine living in Europe where this is actually quite the standard 😅
@jygb7092explain why
@jygb7092 You can always pay for private schooling
@jygb7092 Are you serious?
US maternal mortality is three times higher than the european average.
Hospital recidivism relapse rates are also significantly higher than the european average.
In what metric is European healthcare quality more atrocious than the US?
As a student this is the best gift I can ever get
The entire school the moment I went absent for 1 day:
Imagine you just graduated last year
This is the kind of news I would like to watch every single day, thanks for sharing !
What a kind lady and her kids not fighting over inheritance
Congrats all of you!
As it should be
Not fair for those that paid.
@@soylentgreen9492that's the point, nobody should be paying
Why should others pay for your education?
@@soylentgreen9492 I’m sorry that those who paid got duped into paying for something they shouldn’t but 🤷♂️
@@soylentgreen9492Do you think making it tuition-free is a bad thing? How much did you pay?
Here we take free education (well, we get paid to study) for granted. It is great that some people in the US have this chance, but a pity that it is so random.
Imagine the person who got accepted but chose not to go
You can't take it with you... Well done ma'am..... Congrats to the students
It’s heartwarming to see things like this. Free access to education should be everywhere, especially for future doctors
Man, the joy of these students.
Imagine how many lifes can be saved because of these future doctors
We need more docs so this great to see.
Why is this bringing tears to my eyes??
Because you are emotionally incontinent?
These schools can already do this off donations. They don’t, they give it in bonuses to administrators.
I can only see your bitterness here.
Looking at you Jeff. We dont need to go to space, we need to help people on earth.
That’s an amazing donation, what a gift to give these students
This is the best donation by far. This made me cry with relief 💛
More universities should provide free tuition, We OVER PAY taxes. There are a lot of talented people that can use this type of educational support to make a difference for humanity.
Most of our taxes in the US go to the military and oil. If not those two, to Ukraine and Israel.
More like social security and healthcare
All universities should be funded by the state
@ketchup901 why? I like public universities, but if someone wants to go to a private school to hang out with rich kids, then they should pay for it
@@wyatt6721Because it provides social mobility.
Let's hope they all appreciate and someday pay it forward.
Not a med student. I've never been. Its just a passion. This filled my eyes with tears seeing all the happiness and people overjoyed.
Now Seniors in Bronx High Schools want to be doctors all of a sudden. 😂
Yeah, that's part of the point, actually.
hey, if they have the work ethic and the smarts to become one, then go for it i’d say. opportunity is opportunity.
Amazing! A testament to what could be possible on a larger scale if other benefactors would do the same thing at other universities. Free tuition should make Albert Einstein more competitive to get into and make its students in higher demand when they graduate. A radically better idea than the government printing money that incentivizes colleges to lower standards and still leaves graduates with mountains of debt afterward. Really cool to see this happen and hopefully inspires more wealthy individuals to do likewise!
Ya’ll really bought into this college is necessary thing huh
@@seangrabowski3142Depending on what job you wanna do, college is necessary.
Meanwhile me, still confused what took so long for this to happen while my own country has already implemented free college tuition for so long. It literally ended our burden and made our college life easier to manage. The only debt we need to repay is that we should return our service to the country by working here for at least 4 years before we can be free to work abroad or just stay here.
literallyyyyyy US gotta level up for real, cuz other countries be wayyy better about this stuff
What country are u from?
@@claudialamberts398
Well, the US does have the best colleges in the world.
@@holyromanemperor420 But for some reason their graduates aren't any smarter than graduates from other countries, so who cares?
@@tsuyuasui7297most prob India as in government medical collages, tution fee is almost negligible here
Imagine all those public school students who have the talent, the drive, the hunger, the thirst for more knowledge but not the money.
Anyone wonder how long that money will last for though...? American tuition fees aren't exactly known for being cheap to begin with 😅
Around 800 students in perpetuity at current level of tuition fees for an assumed 5% annual return on $1B. Currently the school has ~600 students.
True, but it's worth using toward it
@@CatatonicImperfectso ot will be enough for their entire school career?
If invested properly which the school says it is, indefinitely. Her goal was to make it tuition free forever.
@@AJISFREAKENAWESOME waouw.
Imagine finding out you won't be forced into crippling debt for the rest of your life. But tuition isn't the only thing that universities use to line their pockets. Housing fees, meal plans, textbooks...
And unless billionaires start growing a conscience, this will be the only university of its kind.
Um exemplo para o mundo! Parabéns!
I hope that Mrs Ruth Gottesman’s incredible donation, will, in turn, raise the caliber of these Medical Students careers in the Medical Field!! Hopefully they will be honest, compassionate, sincere, understanding, & go on to live lives that include giving back in ways that will reflect the beauty of this magical gift! This is a blessing that has raised the bar🤗🙌!!
It will be tuition free for 1 batch of students then the board will find a way to spend all that money on construction projects using contractors who give generous kickbacks and in a few years the college will start tuition again, this time twice as much because it became a prestigious college now
I can imagine their happiness but It also looks a bit funny because education is already free in most European countries
And other countries on other continents😅
I'm not even a student there and that announcement brought tears to my eyes.
Their hearts are in the right place.
1 billion is a diabolical amount. Hats off to the guy man.
Woman. A woman made this donation
@@ampersand08with the money of her husband.
@@khieffBut he didn't make the decision. She did.
really, university should be free as a whole. we want to live in an educated society, we have to front the costs - someone with a university education will add more to society than any tuition fee could possibly pay for
Must be like winning the lottery ❤ It just saddens me it's so expensive to get an education 😢
As should all colleges in the U.S.
Great, now do the same with healthcare!
No, we should not rely on billionaires to fund healthcare and keep it afloat. In fact, billionaires should not exist.
People that did not get to enjoy this should at least be happy that some people will. Yes, there are plenty of rich students there, but its not like the college wont get the money. Its a donation. She just allowed these students to focus on developing themselves instead and theres no way youre going to tell me thats a bad thing. Each one of these students are now inspired to do the same for the future. Education should be free.
literally the bare minimum???
This lady who donated the money is the Hero. ❤
That’s how you leave a legacy!!! Thank you!
In Denmark, you get paid for educating yourself. American systems seems to be there for one reason: too keep the poor poor, and the rich richer. Such a shame.
capitalism
IMO the government should work to identify fields that are experiencing or will experience a shortage and help align subsidies and resources for students, to make those fields as low cost and desirable as possible. It should be something that’s reviewed and adjusted bi-annually to ensure our nation can continue to function and navigate shifts and changes in the marketplace and general service sectors while reducing potential flooding. Oddly enough, they already perform something similar with community colleges in many states to sure they’re funding marketable skills(many do not know that CC’s are heavily subsidized with transferability or certifications in mind).
Awesome! 👏🏼 Thanks to the wonderful person who made the donation.❤❤❤
People who got the free tuition but failed to become a doctor:
😂 🔫
Students who graduated the semester before: 😭
Here we have Mr. negativity
@@PADARM lol
Definitely always in need of more doctors and medical staff. Takes some stress off these future medical workers too.
One person can make a difference. Thank you for that wonderful donation.
Omg!! Congratulations to all those future medical professionals. May they use thus great and generous gift to serve the community of the world.
ALL STEMM classes should be free. We need more Engineers and Scientists too! This is a great start though
This should start a debate. Education should be free !
Not all, for different reasons
@@matthowardtvwhy not? All people should have access to a free education
It's free in my country but there's a catch. It's extremely competitive. Only 0.16% manages to get into university and out of that only 0.01% gets into medical school. Private medical universities aren't allowed only government so there's still a huge shortage.
People saying 1 billion in doctors is too much but they don't complain about trillions of dollars wasted on war.
This is wonderful news!
I’m too ill to work and Student Loans are still chasing me for one year of a degree I only did half of in 1999.
The relief they felt in this video is almost tangible to me. Emotional.
Education should be free, at all levels.
Enjoy your free education folks!
Hate to be that guy but the most expensive tuition at the time was around 24k from Harvard. Let’s round to 25. With an average interest rate of 6% you’d owe $62.5 right now if you’ve never paid a cent. If you have. An average of $1000 a year still seams reasonable. I understand life has its ups and downs but my man you need to improve your money literacy! Plenty of resources out there and I can even suggest some myself if you’d like :)
@@JVLnetworkOk, multiple things I want to answer back here:
1. $25,000 from 1999 is roughly $46,928.94 in today's money.
2. Your math ain't mathin' if you only got *$62.50* as the accrued debt after hypothetically not paying a single cent after *26* years, but I'll bite. Since student loans are _generally_ not compounding: Total debt = Years after loan * (Interest rate percent / year) * principal amount = (2024 - 1999) * (6%/1 year) * $25,000 = $37,500 of total Student debt. The debt accrued solely from interest is Total Debt - Principal Amount = $37,500 - 25000 = $12,500 interest debt
Uh, I _believe_ $12,500 is *greater* than *$62.50*
As for the yearly payment, that $1000 per year will only cover the _principal_ amount, not the debt. Which means the gentleman above you would have to pay _more_ than $1000 per year. And for many people, that is simply too much.
And we haven't even _begun_ the discussion of inflation and the stagnation of wages...
@@JVLnetwork I have autism and adhd, and struggle with numbers.
I’ve been trying to deal with it for decades.
Keep your ignorant, pious, and unsolicited advice to yourself.
@@JVLnetwork “JCL Network”.
Is this ‘network’ just you, by any chance?
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
this sounds so awful, man, im not from the us but im in debt to the uk gov (although uk uni debt is more like having to pay a tax)
is there any way you can apply to get that cancelled? again, i don't know, you may have already tried everything. im an audhd guy myself and im probably a lot younger than you since i recently started my master's soon after getting my bachelor's but i really feel for you, hope life treats you well