Bloomberg Donates 'Unprecedented' $1.8B to Johns Hopkins

Former New York City mayor Michael Bloomberg announced Sunday he's donating $1.8 billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students. The Baltimore university said the contribution - the largest ever to any education institution in the U.S. - will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall. The university will instead offer scholarships that don't have to be...

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