A gift of education

A philanthropist’s challenge grant will make nearly $90 million in new financial assistance available to eliminate medical school debt for incoming students in need.

John Arrillaga, a leading Bay Area real estate developer, philanthropist and Stanford University alumnus has made a $55 million gift to the School of Medicine to eliminate medical school debt for Stanford students in need.

Stanford Medicine plans to match Arrillaga’s challenge gift through philanthropic donations and increased institutional support.

The $90 million in total funding nearly doubles available assistance for students entering medical school over the next 10 years. Need will be determined by attendance cost, including tuition and living expenses, minus the available family contribution.

“This gift will be life-changing for a large number of our medical students,” said Stanford President Marc Tessier-Lavigne, PhD.