from Hacker News

$1B gift to make Johns Hopkins medical school free for most

by grubbs on 7/8/24, 1:38 PM with 32 comments

  • by 999900000999 on 7/8/24, 1:56 PM

    >Starting this fall, Johns Hopkins will offer medical school students free tuition — normally about $65,000 a year for four years — for those whose families earn less than $300,000 a year.

    So if your in a household with two high income parents, someone needs to quit to get under the cap.

    Hypothetically a family of 4 in NYC making 300k only keeps around 180 to 200k after taxes and deductions. If you have a kid attending that's 65k just for tuition. I can't imagine putting a 3rd of a family's income into a student's education.

  • by WarOnPrivacy on 7/8/24, 1:52 PM

    My college scholarship never looked at my high school transcripts. Instead I was put through a series of interviews and testing to measure my abilities and gauge my likelihood of completing my degree.

    At the end, degree programs were recommend to me. Courses, books and some associated living expenses (childcare) were paid for. I had regular interviews all through college to measure my progress - and help at the ready when struggled.

    All this to say, knowledgeable, genuinely helpful and immersive engagement with the recipients of aid - this goes a long way to safeguarding funds + intentions + outcomes.

  • by Eddy_Viscosity2 on 7/8/24, 2:25 PM

    These kinds of income limits are not great. So a family that earns $300,001 has to pay full tuition and one with $299,999 get it free. There is no reason not to use a sliding scale. Not just for this but for a whole range of other "cut-off" limits for income assistance.

  • by hnburnsy on 7/8/24, 2:27 PM

    What would be better for society is if they pay 50% tuition but double the number of slots. I am sure the AMA would not hear of it.

  • by hnburnsy on 7/8/24, 2:14 PM

    Looks like COA is $102K to 108K so not free.

    https://www.hopkinsmedicine.org/som/offices/finaid/cost#meds...

  • by blackhawkC17 on 7/8/24, 4:38 PM

    At this rate, Johns Hopkins can enact a statue of Michael Bloomberg. $3 billion in donations and counting.