Former New York City Mayor Michael Bloomberg announced Sunday he's donating $1.8billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students.
The Baltimore university said the contribution - the largest ever to any education institution in the U.S. - will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall.
The university will instead offer scholarships that don't have to be repaid.
University President Ronald Daniels said Bloomberg's contribution will also let the institution permanently commit to 'need-blind admissions,' or the principle of admitting the highest-achieving students, regardless of their ability to pay for their education.
Former New York City Mayor Michael Bloomberg announced Sunday he's donating $1.8billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students
'Hopkins has received a gift that is unprecedented and transformative,' he said in a statement, noting the prestigious school was founded in 1876 by a $7million gift from Baltimore merchant Johns Hopkins that was, similarly, the largest gift of its kind at the time.
By way of comparison, the Bill & Melinda Gates Foundation launched the Gates Millennium Scholars program in 1999 with a $1billion commitment over 20 years.
The Chronicle of Higher Education listed it as the largest private donation to a higher-education institution in the U.S. earlier this month.
Bloomberg said he expects the money will allow Hopkins to offer more generous scholarships and ease the debt burden for graduates.
The Baltimore university said the contribution - the largest ever to any education institution in the U.S. - will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall
'America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,' he said in a statement.
'Denying students entry to a college based on their ability to pay undermines equal opportunity.'
The 76-year-old founder of the global finances services and media company, Bloomberg L.P., is among the world's richest people.
He graduated from Hopkins in 1964, served as New York mayor from 2002 to 2013 and has for years weighed running for president - including in 2020.
Link hienalouca.comhttps://hienalouca.com/2018/11/19/bloomberg-donates-unprecedented-1-8b-to-johns-hopkins/
Main photo article Former New York City Mayor Michael Bloomberg announced Sunday he’s donating $1.8billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students.
The Baltimore university said the contribution – the largest ever to any education...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2018/11/19/01/6360762-6403843-image-a-20_1542591604814.jpg
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