Yale University is $25 million gift From Star Foundation. The funds will be used to increase financial assistance to students attending Yale Medical School.
Yale University enrolls approximately 104 students each year in the MD program. More than half of the students in each class receive need-based financial aid, and on average she is awarded $66,000 in scholarships, according to the university. Nevertheless, many students have to go into debt to finance their medical education.
Yale University says medical students with proven financial need will no longer need to take out more than $10,000 a year in loans starting in the 2023-2024 school year, thanks to a donation from the Star Foundation, allowing them to graduate with significantly less money I said it would be More debt than students incur at most other medical schools.
Additionally, as part of Yale University’s $7 billion for humanity The campaign set a fundraising goal of $1.20 for university-wide student scholarships, but the university will also make an equal and unrestricted contribution of $25 million to the general endowment of the medical school.
Nancy J. Brown, M.D., Ph.D., Dean of the Jan and David W. Wallace Department of Yale Medical School, said in announcing the gift: Financial support and the freedom to pursue a medical education and future career without financial burden. ”
The Starr Foundation has made several contributions to Yale over the years, including donations to the collection, international programs, and previous scholarships for Yale medical students.
Maurice R. “Hank” Greenberg, Chairman of the Star Foundation, said: “This new program will help address concerns about funding medical school costs. It allows me to focus on the important task of doing.”
Maurice R. Greenberg is Chairman and CEO of Starr Insurance Companies, founded by Cornelius Vander Starr. In 1969, American International Group (AIG) was formed from former Starr subsidiaries. Under Greenberg’s leadership, AIG has grown from an initial value of $300 million to his $180 billion, making him one of the largest insurance companies in the world.
Greenberg is also president of the Starr Foundation, a charity originally funded from the estate of Cornelius Vander Starr. Last month, the Starr Foundation donated her $15 million to Georgia State University for insurance and risk education programs within his J. McCrobinson Business College at Georgia State University. This gift was the largest in the history of business colleges.
Yale University President Peter Sarovay said: “Across the university, we have a goal to increase the number of scholarships we offer our students and reduce the debt we owe when we graduate. It has allowed us to permanently and significantly expand our support for
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