Johns Hopkins Medical School receives $1 billion gift to diversify health care field

[KARAH RUCKER]

JOHNS HOPKINS MEDICAL SCHOOL WILL NOW BE **FREE FOR MOST STUDENTS AFTER A ONE BILLION DOLLAR DONATION WAS GIFTED BY MICHAEL BLOOMBERG.

HE’S THE LATEST BILLIONAIRE TO MAKE SUCH A HEFTY DONATION TO A MEDICAL SCHOOL –

WITH THE GOAL OF “IMPROVING A DECLINING LIFE EXPECTANCY IN THE U.S.” BY “DIVERSIFYING THE HEALTHCARE FIELD AND MAKING IT MORE ACCESSIBLE TO LOW-INCOME STUDENTS.”

IT’S A GIFT THAT WILL SAVE A STUDENT ABOUT 65 THOUSAND DOLLARS IN TUITION A YEAR.

THOSE WHO QUALIFY FOR IT?

MEDICAL STUDENTS WHOSE FAMILIES EARN LESS THAN 300 THOUSAND DOLLARS.

AND IF A FAMILY EARNS LESS THAN 175 THOUSAND DOLLARS –

THEN LIVING EXPENSES AND FEES WILL ALSO BE COVERED BY THE MEGA-DONATION FROM “BLOOMBERG PHILANTHROPIES” –

THE FORMER NEW YORK GOVERNOR, A DEMOCRATIC PRESIDENTIAL CANDIDATE, AND JOHNS HOPKINS ALUMNUS –

SAYS THE HIGH COST OF MEDICAL SCHOOL DETERS STUDENTS FROM LOWER-INCOME FAMILIES FROM APPLYING.

IN A STATEMENT – BLOOMBERG SAYS –

“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.”

THE PRESIDENT OF THE UNIVERSITY SAYS EVERY PENNY OF THE BILLION DOLLAR DONATION WILL GO DIRECTLY TO STUDENTS.

THE HIGH-PROFILE DONATION FOLLOWS A SIMILAR MOVE BY ANOTHER BILLIONAIRE.

IN FEBRUARY OF THIS YEAR –

RUTH GOTTESMAN DONATED A BILLION DOLLARS TO ALBERT EINSTEIN COLLEGE OF MEDICINE – GIFTING STUDENTS FREE TUITION –

WITH THE SAME GOAL IN MIND –

“TO ATTRACT A DIVERSE POOL OF APPLICANTS WHO OTHERWISE MIGHT NOT HAVE THE MEANS TO ATTEND.”

I’M KARAH RUCKER.

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