UCLA announced this week that David Geffen, who already donated $200 million to the university’s medical school in 2002, has made a $100 million donation to establish the David Geffen Medical Scholarship Fund.
The money will fund full scholarships for up to 30 medical students (covering the full cost of tuition and fees, plus room and board, books and other expenses) for the duration of their medical school education, beginning with the entering class of 2013-14. Students in UCLA’s MD-PhD program will also be eligible. Scholarships will be awarded based on merit.
Medical school graduates incur significant debt, on average—around $170,000, according to the AAMC (and 86% of graduates carry student loan debt). The Geffen Scholarship will alleviate that burden for some outstanding students.