Mike Bloomberg's $1 billion gift will also pay for student living expenses, but students from the wealthiest families still must pay their share.
Armed with $1 billion donation from media titan Mike Bloomberg, Johns Hopkins University, Baltimore, is joining the small but growing number of medical schools that have eliminated tuition.
Medical school debt has greatly outpaced inflation over the last several decades.
Bloomberg, a 2020 presidential candidate and former mayor of New York City, graduated from John Hopkins University in 1964 and served as the chairman of the university's board of trustees from 1996 to 2002. The approach at Johns Hopkins is especially intriguing since it's based on need, he said."The challenge is to understand the unintended consequences. Does this change who applies and whom they accept?", a physician and a medical student analyzed numbers at NYU Grossman School of Medicine before and after it made tuition free. They found that a 102% increase in applications from underrepresented groups didn't boost the number of Black graduates.
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