Financial Aid at Johns Hopkins University
Mike Bloomberg has supported scholarships and financial aid for thousands of students at Johns Hopkins University.
In 2018, Mike Bloomberg gave a $1.8 billion gift devoted exclusively to undergraduate financial aid, allowing Johns Hopkins University to permanently commit to need-blind admissions and ensure educational opportunities for the next generation of global leaders. The gift allows the school to admit undergraduate students without regard to their ability to pay, in perpetuity. Johns Hopkins was able to replace all federal need-based undergraduate student loans with scholarships and offer immediate loan relief to every enrolled undergraduate student whose financial aid package included a federal need-based loan.
In 2024, Bloomberg Philanthropies announced a new $1 billion gift to make medical school free at Johns Hopkins University for a majority of students, while also increasing financial aid for students at its schools of nursing, public health, and other graduate schools. The high cost of medical and nursing school has kept many talented lower-income students from enrolling, graduating, or working in the fields and communities most in need, exacerbating the decline in U.S. life expectancy that began before, and deteriorated during, the COVID-19 pandemic.
America is at its best when we reward people based on the quality of their work, not the size of their pocketbook.
Mike Bloomberg
These gifts build on Mike’s long-standing commitment to scholarship funding at the university. As Johns Hopkins has become more economically diverse, it has also become more selective, attracting and enrolling more of the nation’s top students, including many from lower-income families who might not have applied before.
Top photo: A student at Johns Hopkins University.