The gift will also expand financial aid for students studying several other fields at Bloomberg’s alma mater. Earlier this year, Ruth Gottesman gave $1 billion to the Albert Einstein College of Medicine that will also make tuition free for students. But if more leading medical schools start changing in this way, it could ripple through the system and make a difference. Students will be eligible for free tuition only if their families make less than $300,000 a year. Otherwise, Johns Hopkins could potentially squander funds on students who could easily pay and whose access and experience would not be curtailed if they had to pay for medical school without any financial aid.

Source: New York Times July 23, 2024 14:25 UTC