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.
The operating expenses will show a sudden and totally coincidental billion dollar increase in 2024, and tuition will be collected as usual in 2025.
That’s how getting the government into student loans worked out. It took longer than a semester, but it cost more money than free college and put so many people in so much crippling debt so that evens out.
Based on that, I expect that the costs will go up $750M and stay there so there will be one semester of free tuition, one of severely reduced tuition, then it will be so expensive that no one can go.