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Johns Hopkins: Medical Student Debt Reduced by 50% by End of 2024-2025 Academic Year?
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Reports from Johns Hopkins University or credible financial news sources
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Johns Hopkins to Offer Tuition-Free Medical Education for Majority of Students with $1 Billion Bloomberg Donation
Jul 8, 2024, 02:51 PM
Johns Hopkins University will provide tuition-free medical education for the majority of students starting in the fall of 2024, thanks to a $1 billion donation from Bloomberg Philanthropies. This donation, announced on Monday, is aimed at reducing student debt and increasing financial aid for students in other graduate programs such as nursing and public health. The gift ensures that medical students from families earning under $300,000 will receive free tuition, while those from families earning up to $175,000 will have their living expenses covered. This initiative is part of Bloomberg Philanthropies' broader efforts to improve U.S. life expectancy and ensure that future doctors reflect the diversity of the patients they treat. Bloomberg, a Johns Hopkins graduate, has donated a total of $4.55 billion to the university through his philanthropic endeavors.
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