"Mount Sinai Increases Effort to Cut Medical-Student Debt" - Melanie Grayce West
The Icahn School of Medicine at Mount Sinai announced Wednesday that it will expand scholarships in a bid to lower the total debt of its medical students, a move that follows other recent debt-relief efforts at New York medical schools. The plan, called the Enhanced Scholarship Initiative, will enable qualifying students entering in 2019 and thereafter to graduate with a maximum total debt of $75,000. “Debt adds an enormous level of stress that we worry is weighing down med students and impacting their wellness,” said David Muller, MD, FACP, dean for medical education and the Marietta and Charles C. Morchand chair of the department of medical education at the Icahn School of Medicine at Mount Sinai. Roughly three-quarters of U.S. medical students graduated with debt in 2018, according to the Association of American Medical Colleges. Median debt is $200,000.
— David Muller, MD, FACP, Dean, Medical Education, Marietta and Charles C. Morchand Chair, Department of Medical Education, Icahn School of Medicine at Mount Sinai
— Daniel J. Gogel, Chair, Medical Education Committee, Mount Sinai Board of Trustees
Additional coverage: Crain’s New York; Becker's Hospital Review