How Bloomberg’s $1.8B gift helped Johns Hopkins offer free tuition to students

Johns Hopkins University has introduced an expansion of financial aid for eligible undergraduate students. Families with annual incomes up to $200,000 can access tuition-free education starting from 2026. In addition, families earning up to $100,000 receive funding for fees and living expenses. This expansion builds on Michael Bloomberg's substantial donation, which enabled need-blind admissions and replaced loans with grants.