$1 billion donation makes medical school free for most students at this top university | CNN Business

New York CNN  — 

Bloomberg Philanthropies is gifting $1 billion to make medical school free for the majority of students at Johns Hopkins University, joining other high-profile donors who have contributed to tuition-free medical schools across the country.

In a letter by Michael Bloomberg in the Bloomberg Philanthropies’ annual report, the billionaire said the donation addresses twin challenges: declining health and declining education.

Johns Hopkins said Monday that for most medical school students, the gift will cover the full cost of attendance, including tuition and living expenses. Students from families earning less than $300,000 will be

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