Most Johns Hopkins Medical Students Will Be Tuition-Free Thanks to $1 Billion Gift

credit:

Most medical students at Johns Hopkins University will no longer have to pay tuition thanks to a $1 billion gift from Michael Bloomberg.

Starting in the fall, the donation will cover full tuition for medical students from families earning less than $300,000.

Living expenses and fees will be covered for students from families who earn up to $175,000.

Bloomberg received a bachelor's degree in electrical engineering from Johns Hopkins in 1964.

Bloomberg Philanthropies said that currently almost two-thirds of all students seeking a doctor of medicine degree from Johns Hopkins qualify for financial aid, and 45% of the current class will also receive living expenses.

The school estimates that graduates' average total loans will decrease from $104,000 currently to $60,279 by 2029.

"Mike has really been moved by the challenges that the professions confronted during the course of the pandemic and the heroic efforts they've made to protecting and providing care to American citizens during the pandemic," Ron Daniels, president of Johns Hopkins University, tells CNBC.

"I think he simply wanted to recognize the importance of these fields and provide this support to ensure that the best and brightest could attend medical school and the school of nursing and public health."

Bloomberg Philanthropies previously gifted $1.8 billion to Johns Hopkins in 2018 to ensure that undergraduate students are accepted regardless of their family's

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Award-Winning Partnerships Shed Light on Thriving Innovation Ecosystem in the South-West

The UK's University of Exeter has scooped up nine awards for its "outstanding contribution to society, sustainability, and health" at the annual Knowledge Exchange Awards. The awardssponsored by...more

Cultivating a Safety-First Mindset at Covia

"We want to highlight two members of the Safety and Health team who have helped in the implementation and management of recent key technologies." Those are the words of Mona Legin, a safety...more

N.C. A&Amp;T'S Theatre Arts Program Presents €�a Doll'S House”

"When pushed up against the wall, Nora makes an extraordinary, shocking, and life-changing decision." That's how North Carolina Agricultural and Technical State University's chair of the...more

How George Hw Bush'S Pollution Solution Put Washington State'S Climate Strategy in the Crosshairs

When Washington state's Climate Commitment Act was passed in 2010, it was seen as a more business-friendly way to curb greenhouse gas emissions than stricter environmental standards. But a...more

Ashfield Nonprofit Gets $171K to Bolster Climate-Resilient Farming in Kentucky, Hawaii

A former coal mine in Kentucky has been turned into a farm that teaches Hawaiian farmers how to run their businesses in the face of climate change, the Lexington Herald-Leader reports. "I spent...more

Dartmouth'S Inaugural Innovation Summit: Shaping the Future of Healthcare and Technology

Reed Jobs may be out of the tech business, but he's not done with cancer. The Apple co-founder spoke at Dartmouth College's first Innovation in Medicine and Healthcare Summit last week, where he...more

Big Donations: Some Northwest Indiana Firms Find More Is Best When It Comes to Charitable Giving

When Hard Rock Casino opened in Gary, Ind., last year, it was accompanied by a $40 million investment from Hitachi, one of the country's largest manufacturers of commercial air conditioning and...more

Seven Student Furniture Designs That Convey Unusual Concepts

When it comes to design, it's all about the unexpected. Take, for instance, Alejandra Alarcon's Edible Playscapes table, which she says encourages diners to eat without cutlery. "By...more

Starbucks Invests in Two Central American Coffee Farms to Climate-Proof Coffee Supply

Starbucks has announced a major investment in two coffee farms in Central America in an effort to combat climate change and boost the region's coffee supply, the AP reports. The company says it...more

Bipartisan Bill Proposes Tax Benefits for Investments in Innovative Agtech

A bipartisan bill in the House would give farmers a 30% tax credit for investments in new agricultural technologies. The Supporting Innovation in Agriculture Act, introduced by Reps. Mike...more