Most medical students at Johns Hopkins University will no longer pay tuition thanks to a $1 billion gift from Bloomberg Philanthropies announced Monday.
Starting in the fall, the donation will cover full tuition for medical students from families earning less than $300,000. Living expenses and fees will be covered for students from families who earn up to $175,000.
I get the hate, but as someone with some experience here, the amount of debt from a normal BA/BSc is miniscule compared to med school…like doesn’t even come remotely close. The amount of time spent paying that back for someone that doesn’t come from wealth is sometimes longer than they live…
If you’re not making 200k as a doctor in America and it’s not a deliberate choice you actually should kill yourself.
/S
After all that school, I hear you 😅. But physicians in Canada, for instance, make substantially less than our friends to the south…for some specialties, even getting to $200,000 doesn’t mean much when you have so much debt, fees, and other business costs. It makes a difference given the huge need for physicians all around…such a sacrifice on so many levels with little payoff untill so much later. Couldn’t imagine the impact a donation like this would have anywhere, let alone Canada.
Okay I hear you. I guess I was thinking of drs who end up making quarter mill usd 5-7 years after school. That kind of income isn’t guaranteed in any other profession, not even software engineering or law
Totally agree, it’s wild, just wanted to give some perspective from the other side 😊
I appreciate that, it’s always useful to know more