Bloomberg Philanthropies is gifting $1 billion

Bloomberg Philanthropies is gifting $1 billion to make medical school free for the majority of students at Johns Hopkins University. 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 eligible for the gift. Living expenses will be covered for students who come from families that earn less than $175,000.