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Billionaire Bloomberg makes medical school at Johns Hopkins free

Michael Bloomberg provided a grant that will cover tuition and living expenses for medical students at The Johns Hopkins Medical School, making obtaining an education at one of the leading medical schools possible for thousands of students who previously couldn’t afford it or wouldn’t take out loans.

According to the Baltimore Banner, the grant will cover any student whose household income doesn’t exceed $300,000.  With tuition and school expenses at around $70,000 and living expenses at $30,000, a student who takes loans to attend would otherwise end up more than $400,000 in debt.

An undergraduate alumnus of the university, Bloomberg has donated more money to Johns Hopkins than its namesake benefactor.  Bloomberg’s earlier donations provided funds to improve diversity and opportunities for populations traditionally underrepresented at the school.  It also replicates a similar grant made to Albert Einstein Medical School by Ruth Gottesman, the widow of a Warren Buffett business partner.

Created by potrace 1.16, written by Peter Selinger 2001-2019

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