KarunaNews Story

A $1 billion gift to Johns Hopkins University from billionaire Mike Bloomberg will make medical school free for most students and increase financial aid for those enrolled in nursing, public health and other graduate programs. “By reducing the financial barriers to these essential fields, we can free more students to pursue careers they’re passionate about — and enable them to serve more of the families and communities who need them the most,” said Bloomberg, a 1964 graduate of Johns Hopkins and founder of the Bloomberg business and financial data news company. Starting this fall, Johns Hopkins will offer medical students free tuition — normally about $65,000 a year for four years — if their families earn less than $300,000 a year. Students from families earning up to $175,000 a year will have living expenses and fees covered as well.