Albert Einstein College of Medicine in Bronx Offers Free Tuition for Students Thanks to $1 Billion Donation

Last Updated on February 27, 2024 by Robert C. Hoopes

Montefiore Albert Einstein School of Medicine Receives Historic $1 Billion Donation

In a groundbreaking move, the Montefiore Albert Einstein School of Medicine in New York has announced the receipt of a $1 billion donation. This generous gift, the largest ever made to a medical school in the United States, comes from Dr. Ruth Gottesman, the chair of the Einstein Board of Trustees. The money, which was from her late husband’s investments in Berkshire Hathaway, will allow for free tuition for all students at the prestigious medical school.

This donation is a game-changer for the school, which is located in the Bronx, an area known for its high poverty rate and poor health outcomes. Dr. Gottesman hopes that the free tuition will attract a diverse pool of talented students who may not otherwise have pursued a medical education. It is also expected that the donation will encourage doctors educated at the school to stay and work in the local community.

Starting in August of this year, all students at Einstein will receive free tuition. This includes current fourth-year students, who will be reimbursed for the spring 2024 semester. The school currently has a total of 737 M.D. students, 209 Ph.D. students, 124 students in combined programs, and 239 postdoctoral research fellows.

This historic donation will not only benefit the current and future students of Einstein but also has the potential to make a positive impact on the Bronx community and beyond. Dr. Gottesman’s generosity will undoubtedly leave a lasting legacy in the field of medical education.