Medical students to receive free tuition after academic’s $1 billion gift

US students cheered when they were told of the donation to make their $92,000 annual tuition fees free.

Students at a medical school in the Bronx will be free of “crushing” higher education debt after the widow of a Wall Street investor made a $US1 billion ($1.5 billion) donation to the college.

More than 700 students at the Albert Einstein College of Medicine in New York City celebrated on hearing they would receive free tuition following the gift.