Johns Hopkins Medical Students to Receive Free Tuition After $1 Billion Gift From Bloomberg Philanthropies

Bloomberg Philanthropies announced Monday a $1 billion gift to Johns Hopkins University that will cover the tuition for most of the school’s medical students. Beginning in the fall, tuition will be paid in full for medical students whose families earn less than $300,000. In addition, living expenses and fees will be covered for those whose families earn $175,000 or less. Currently, about two-thirds of all medical students at Johns Hopkins qualify for financial aid, according to Bloomberg Philanthropies. The average student loan debt for future doctors totals approximately $104,000. The gift will also increase financial aid for students at the schools of nursing, public health, and other graduate schools....