Bloomberg’s donation to Johns Hopkins gives medical students free tuition

Business titan and former New York City Mayor Mike Bloomberg’s charity is trying to ensure that the majority of Johns Hopkins medical students can graduate debt free. 

On Monday, Bloomberg Philanthropies announced that it is donating $1 billion to cover the tuition for the “majority of students” at Johns Hopkins University School of Medicine, effectively driving down the average student loan debt for the school to $60,279 by 2029. 

However, “students from the vast majority of American families will pay nothing at all,” the charity said.  

Bloomberg graduated from Hopkins in 1964 and, in short order, founded Bloomberg L.P., the global financial technology, data and media company, in 1981,…