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Students at the Albert Einstein College of Medicine in New York will receive free tuition after a $1 billion dollar donation from a former faculty member.
Ruth Gottesman, a former professor at the Albert Einstein College of Medicine and the widow of a Wall Street investor, announced Monday that she is donating $1 billion to the school in the Bronx ...
Gottesman is the chair of the board of trustees of the Albert Einstein College of Medicine (AECOM) in the Bronx, New York, and a long-time professor there. In February 2024, she donated $1 billion to AECOM to ensure that tuition would be free in perpetuity to all future students. [1]
After Gottesman's death, his wife Ruth donated an additional $1 billion to the Albert Einstein College of Medicine in February 2024, dedicated to making tuition free for all future medical students. Her donation is one of the largest that has ever been made to an educational institution in the United States. [18]
Admission to Einstein’s MD program is amongst the most competitive in the United States, with an acceptance rate of 1.87% in 2024. [3] The college arose from plans by Samuel Belkin in the 1940s and was named for physicist Albert Einstein. The college was established expressly to provide medical training to "students of all creeds and races".
Going to medical school can reportedly cost upwards of $330,000, leaving most medical school graduates with at least $200,000 of student loan debt, according to the American Medical Association.
Albert Einstein College of Medicine, Northwestern University, and New York University were the original three MSTP programs that were established. As of 2024, there were 58 NIH-funded MSTP programs in the US (56 MD-PhD , 4 DVM -PhD), supporting over 1000 students at all stages of the program.
If you’ve served on active duty on or after Sept. 11, 2001, you may also qualify for the Post-9/11 GI Bill, which helps cover the cost of in-state tuition and fees and provides an allowance for ...