Medical school free for most Johns Hopkins students after one billion dollar Bloomberg donation

Billionaire Michael Bloomberg, former mayor of New York City, donated one billion dollars to Johns Hopkins University, which will make medical school free for students under a certain income level and also increase financial aid for students in nursing and public health graduate programs.

Bloomberg, a 1964 graduate of Johns Hopkins, addressed the donation in the Bloomberg Philanthropies annual report, stating that he hopes the donation will encourage more young people to follow their dreams without being burdened by crushing debt.