Michael Bloomberg has donated $1.8 billion to his alma mater, Johns Hopkins University.

Bloomberg by Bloomberg

Bloomberg’s donation will provide the finical freedom to allow Johns Hopkins to eliminate student loans in financial aid packages beginning in fall 2019.

“America is at its best when we reward people based on the quality of their work, not the size of their pocketbook, denying students entry to a college based on their ability to pay undermines equal opportunity.” – Michael Bloomberg

Johns Hopkins will now have the ability to get the best students, regardless of them being able to afford the tuition.

Mike Bloomberg: Money, Power, Politics

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