Most medical students at Johns Hopkins University will no longer pay tuition thanks to a $1 billion gift from Bloomberg Philanthropies announced Monday.
The gift will also increase financial aid for students at the university's schools of nursing, public health, and other graduate schools.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.
The entire gift has been delivered to John Hopkins' endowment and every penny will go directly to students, said Ron Daniels, president of Johns Hopkins University. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyand the widow of a Wall Street investor, announced that she was donating $1 billion to the school. The gift meant that four-year students immediately received free tuition and all other students will be offered free tuition in the fall.
Candice Chen, associate professor, Milken Institute School of Public Health at The George Washington University, has researched the social missions of medical schools and had a strong reaction to the recent major gifts to John Hopkins, NYU and Albert Einstein.
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