In an email to the Hopkins community earlier today, President Ronald J. Daniels announced that Bloomberg Philanthropies, the philanthropic organization of alumnus Michael Bloomberg, has donated $1 billion in funding to alleviate the financial burden of students attending Johns Hopkins graduate schools.
As a result of the donation, most medical students at the School of Medicine from this fall onwards will have free tuition. Medical students whose families earn under $300,000 will not have to pay the cost of their tuition, while those whose families make up to $175,000 will have their living expenses covered in addition to tuition.
Daniels continued by describing the impact of the donation on eliminating financial barriers and encouraging students to pursue a medical education.
“By reducing financial obstacles to individual opportunity, we can open our doors more widely than ever and fuel the excellence, innovation, and discoveries that redound to the benefit not only of the students but of society as a whole,” Daniels wrote.
In addition, the donation will contribute to financial aid for graduate students in the Schools of Nursing, Public Health, Education, Engineering, Business, Arts and Sciences, Advanced International Studies, the Peabody Institute and the forthcoming School of Government and Policy.
Daniels closed his email by expressing gratitude for Bloomberg’s ongoing support of the University and the impact of the donation.
“Today, his gift helps open new doors for another generation of leaders in research, education, and patient care and positions our university to attract the brightest minds to our community of scholars, innovators, and problem-solvers,” Daniels wrote. “On behalf of the entire Johns Hopkins community, I share our heartfelt gratitude and appreciation for our alumnus and friend Mike Bloomberg.”
This donation builds upon Bloomberg’s donation of $1.8 billion in 2018 to fund undergraduate financial aid, which enabled the University to permanently conduct need-blind admissions.
