Michael Bloomberg donates $ 1.8 billion to John Hopkins University to strengthen financial support for low-income students

Michael BloombergHe is donating $ 1.8 billion to Johns Hopkins University, one of New York City's premier markets and one of the wealthiest people in the world, to increase financial support for low-income and middle-class students.

The University said Johnson Hopkins will make the largest contribution among US educational institutions so that student loans can be abolished in financial aid packages starting next fall. Instead, the university will provide scholarships that do not have to be repaid.

Bloomberg News, Bloomberg News, said in a New York University newspaper, "I am fortunate to be able to attend college student loans and college campus jobs.

"My Hopkins diploma was closed when I opened the door, and I was able to live according to the American dream," he wrote. "I hope that the school that gave me the opportunity will open the door of opportunity for others forever."

Ronald Daniels, a spokesman for the Bloomberg Journal, said that the contribution will permanently enforce the principle that educational institutions qualify for honorable admission regardless of their ability to pay for education.

Hopkins received an unprecedented, transformational gift in the form of a prestigious school founded in 1876, receiving a $ 7 million gift from Baltimore merchant Johns Hopkins. Time.

The Bill & Melinda Gates Foundation Gates Millennium Scholar Program In 1999, he spent $ 1 billion over 20 years. The Chronicle of Higher Education donated the largest donation of personal contributions to higher education institutions in the US earlier this month.

Bloomberg said he hopes the money will allow Hopkins to offer more generous scholarships and mitigate the debt burden on its graduates.

"Based on the ability to pay money, students entering college refuse to compromise equal opportunities," wrote The Times. "It is at the heart of Americans' dreams that perpetuate the poverty of the generations and give everyone the opportunity to emerge from merit in every community."

At the age of 76 he is the founder of Bloomberg L.P., a global financial services and media company. He served in the New York mayor from 2002 to 2013 at Hopkins in 1964 and has been chairman for several years. Earlier this year, 2020 presidential election review.