Home Latest Insights | News Johns Hopkins Receives Additional $1 billion from Michael R. Bloomberg

Johns Hopkins Receives Additional $1 billion from Michael R. Bloomberg

Johns Hopkins Receives Additional $1 billion from Michael R. Bloomberg

I just received an email from the Johns Hopkins University president, notifying the alumni community that Michael R. Bloomberg has donated an additional $1 billion to the University. With this, most students will attend tuition-free! I join the JHU community to THANK Bloomberg for his extra support of this university.

“Johns Hopkins has received $1 billion in new funding to support financial aid for students in our university’s graduate schools. This remarkable gift comes from Bloomberg Philanthropies and builds on the landmark commitment made by Michael R. Bloomberg, Engr ’64, in 2018 to provide financial aid for our undergraduate students—which allows us in perpetuity to accept incoming students without regard for their ability to pay and without requiring them to take out loans for their education.

“As a result of this latest transformative gift, beginning in fall 2024, our School of Medicine will be tuition-free for students from families earning under $300,000, and students from families earning up to $175,000 will receive a full ride, support that includes both tuition and living expenses” – Johns Hopkins University.

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