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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. Mike announced the gift — the largest-ever contribution to an educational institution in the U.S. — in a New York Times op-ed.

America is at its best when we reward people based on the quality of their work, not the size of their pocketbook.

Mike Bloomberg

The gift builds on his long-standing commitment to scholarship funding at the university. Through initiatives like the Bloomberg Scholars Program (established in 1999), nearly 1,300 top undergraduates have received highly competitive, need-based scholarships. In total, Mike has supported more than 4,000 undergraduate and graduate students at Johns Hopkins.

Top photo: A student at Johns Hopkins University.