Bloomberg Philanthropies has made a groundbreaking $1 billion gift to Johns Hopkins University, revolutionizing medical education and expanding access to healthcare careers. This transformative donation will make medical school tuition-free for most students and increase financial aid for nursing and public health programs.
Starting fall 2024, Johns Hopkins will offer free tuition to medical students from families who earn less that $300,000 annually, a category which covers 95% of Americans. Students from families earning up to $175,000 will also receive support for living expenses and fees.
Michael Bloomberg, founder of Bloomberg Philanthropies, emphasized the importance of addressing the shortage of healthcare professionals and declining life expectancy in the U.S. This gift aims to remove financial barriers, enabling more students to pursue their passion in healthcare. This donation will also increase financial aid for students in nursing, public health, and other graduate programs at Johns Hopkins, ensuring top talent from diverse backgrounds can access these critical fields.
This gift builds on Bloomberg’s previous $1.8 billion donation in 2018, which significantly increased economic diversity in Johns Hopkins’ undergraduate programs. Bloomberg’s generosity is set to transform healthcare education, potentially inspiring similar initiatives nationwide and addressing critical healthcare challenges facing the country.