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Johns Hopkins medical school will be free for most thanks to $1 billion from Bloomberg Philanthropies
CBS News ^ | JULY 8, 2024 | Megan Cerullo

Posted on 07/08/2024 11:38:48 AM PDT by Red Badger

Johns Hopkins medical school will be free for most students starting this fall, thanks to a $1 billion donation from Bloomberg Philanthropies.

Tuition will be completely free for medical students whose families earn less than $300,000, with the gift also covering living expenses and fees for students from families earning up to $175,000.

Previously, tuition was roughly $65,000 a year for four years.

The gift aims to improve declining life expectancy in the U.S. by making medical and nursing school more accessible to lower-income students and diversifying the medical and public health fields.

"As the U.S. struggles to recover from a disturbing decline in life expectancy, our country faces a serious shortage of doctors, nurses, and public health professionals — and yet, the high cost of medical, nursing and graduate school too often bars students from enrolling," said Michael R. Bloomberg, founder of Bloomberg Philanthropies and Bloomberg LP in a statement Monday. "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."

Currently, future doctors graduate from Hopkins with an average total student loan debt of approximately $104,000, while the median debt from all medical schools 2023 graduates was $200,000, according to the Association of American Medical Colleges.

Bloomberg's gift will lower the average student loan debt for Hopkins medical school graduates to $60,279 by 2029, with most students paying nothing at all, according to Bloomberg Philanthropies. In other words, it knocks down the hurdles that can prevent aspiring doctors from low-income families from pursuing careers in medicine.

The gift will also increase financial aid for students at its School of Nursing and the Bloomberg School of Public Health. It comes after the organization made a $1.8 billion financial aid donation to Johns Hopkins in 2018 to establish need-blind admissions for undergraduates.

The donation isn't the first to make medical school tuitinon free for students. In February, a $1 billion donation from Dr. Ruth L. Gottesman made Albert Einstein College of Medicine in the Bronx, where she is a professor and board member, free for students in perpetuity.

The Kaiser Permanente Bernard J. Tyson School of Medicine also waived all tuition and fees for students entered between the fall of 2020 through 2025. In another move to ease costs, the Cleveland Clinic Lerner College of Medicine at Case Western University offers full scholarships to all students who are admitted.


TOPICS: Business/Economy; Culture/Society
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1 posted on 07/08/2024 11:38:48 AM PDT by Red Badger
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To: Red Badger

Do you have to be colored to qualify?


2 posted on 07/08/2024 11:40:04 AM PDT by NWFree (Somebody has to say it 🤪)
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To: Red Badger

Participation Certificates?


3 posted on 07/08/2024 11:42:14 AM PDT by xoxox
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To: Red Badger

Funny thing is that this means they can increase the tuition now.


4 posted on 07/08/2024 11:42:44 AM PDT by MinorityRepublican
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To: Red Badger

Charge them something and make the money last longer , no can’t do that it makes sense


5 posted on 07/08/2024 11:43:37 AM PDT by butlerweave
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To: Red Badger

“...give me one of those scalpel thingy’s”


6 posted on 07/08/2024 11:43:57 AM PDT by RckyRaCoCo (Time to throw them out of the Temple...again)
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To: NWFree

Yes


7 posted on 07/08/2024 11:44:23 AM PDT by gibsonguy
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To: Red Badger
Johns Hopkins medical school will be free for most thanks to $1 billion from Bloomberg Philanthropies

Great!

How long before Joe takes credit?

8 posted on 07/08/2024 11:45:59 AM PDT by The Sons of Liberty (Is that Joe's diaper, or the STENCH of his TREASON?)
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To: Red Badger

Training a new crop of killers?


9 posted on 07/08/2024 11:47:15 AM PDT by 9YearLurker
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To: 9YearLurker

Now couple this with DEI and you have the makings of a medical disaster in ten years................


10 posted on 07/08/2024 11:48:08 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: The Sons of Liberty

Or say it’s where he graduated from.


11 posted on 07/08/2024 11:48:31 AM PDT by Vaduz
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To: Red Badger

How many genders does John Hopkins Medical School say that exist?


12 posted on 07/08/2024 11:48:37 AM PDT by Tai_Chung
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To: Red Badger

According to Johns Hopkins own statistics

58% of its class are women
53% are Asian
27% are Caucasian
18% are something they call “Under-represented in medicine studies”. I guess that means “brown.”

Johns Hopkins is ranked as the 2nd best medical school in the USA with an acceptance rate of only 6%.

So in effect, this scholarship is welfare for already highly successful Asian women who worked very hard in Ivy League undergrad studies to get near perfect grades, and who also studied hard for the MCAT exam.


13 posted on 07/08/2024 11:59:47 AM PDT by PGR88
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To: Red Badger

No, that might mean they’d be less proficient killers than intended!


14 posted on 07/08/2024 12:00:54 PM PDT by 9YearLurker
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To: 9YearLurker

Well, from now on I’m gonna look real close at those diplomas on the wall in my doctors offices.................


15 posted on 07/08/2024 12:02:49 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

I hope that Johns Hopkins medical school does not permit group grades or pass/fail classes. If they do, DEI admissions will further erode the quality of our medical care


16 posted on 07/08/2024 12:02:52 PM PDT by Freee-dame ( )
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To: Freee-dame

... or grading on a curve.................


17 posted on 07/08/2024 12:03:35 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: NWFree

And mentally ill


18 posted on 07/08/2024 12:05:33 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Red Badger
Johns Hopkins medical school will be free for most students starting this fall...

There's an old saying: you get what you paid for.

19 posted on 07/08/2024 12:07:17 PM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Red Badger

Johns Hopkins were the ones who organized Event 201 in October, 2019.


20 posted on 07/08/2024 12:11:10 PM PDT by 9YearLurker
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