Harvard Medical School announced on 2 1 that it will reduce the tuition expenses of students whose annual family income is less than120,000 dollars, and at the same time increase scholarships to reduce students' debts and encourage students to invest in fields with less profits but lack of talents after graduation. Dr. Fuller, Dean of Harvard Medical School, said that after the implementation of this plan, about one-third of students can save $50,000 in tuition debt after four years. In addition, in the new academic year of 2008-2009, the school will provide an additional $3 million in scholarships, which is about 40% higher than the previous year's scholarships.
Harvard Medical School costs about $65,000 a year, including tuition, miscellaneous fees and living expenses. Students usually rely on family support, student loans or scholarships to pay. In addition to the $50,000 expenses paid by the family, students have an average of $98,000 in student loan liabilities when they graduate. Harvard University said that it will consider reducing student loans and paying them with scholarships, but only if students pass relevant exams. However, the salary increase of students after graduation still lags behind the debt increase, which is one of the main reasons why many graduates choose high-income medical colleges. At present, doctors in pediatrics, obstetrics and gynecology, internal medicine and family medicine are not enough, and more and more graduates are engaged in high-income majors such as plastic surgery and dermatology.
Foster, president of Harvard University, is quite supportive of this plan. In a statement, she said, "We should ensure that the doors of Harvard University remain open to talented students and properly balance their possible financial burdens so that their future career choices will not be affected."
Coincidentally, a few days before the release of this plan, Harvard Law School also announced that if students are willing to work in the public service field for five years after graduation, they will cancel their tuition fees for the third year. Find another way!