• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Michael Bloomberg to donate historic $1.8 billion to Hopkins

by FIA
Nov 19, 2018
in Education, World
1

New York: A Former mayor of New York Michael Bloomberg is giving $1.8 billion for the financial aid at Johns Hopkins University, which is believed to be the largest ever donation to a post-secondary institution.

Mr.Bloomberg said he was making the gift to help qualified low- and middle-income students more easily afford access to university in a country where post-secondary education fees at elite schools often exceed $50,000 a year, a prohibitive barrier for most families.

“I was lucky: My father was a bookkeeper who never made more than $6,000 a year. But I was able to afford Johns Hopkins University through a National Defense student loan, and by holding down a job on campus,” Bloomberg wrote in a New York Times op-ed.

“My Hopkins diploma opened up doors that otherwise would have been closed, and allowed me to live the American dream.”

Read More: SMS to 8000 and donate to the SC Diamer-Bhasa and Mohmand Dams

Bloomberg, who made his first donation to Hopkins the year after he graduated — just $5 — has since already provided $1.5 billion for research, teaching and financial aid.

The new donation will come on top of that, and serve as financial aid for qualified students from lower family income levels.

“I want to be sure that the school that gave me a chance will be able to permanently open that same door of opportunity for others,” Bloomberg wrote.

“This will make admissions at Hopkins forever need-blind; finances will never again factor into decisions. The school will be able to offer more generous levels of financial aid, replacing loans for many students with scholarship grants.

“It will ease the burden of debt for many graduates. And it will make the campus more socioeconomically diverse.”

He did, however, acknowledge that his donation was only helping one school in a country where more students come from the top one percent of earners than from the bottom 60 percent of the income scale at dozens of elite colleges.

Read More: How to Donate for the Dams in Pakistan

And that´s despite the fact that many lower-income students have the qualifications to be accepted, Bloomberg stressed.

“These steps alone are not sufficient. Federal grants have not kept pace with rising costs, and states have slashed student aid. Private donations cannot and should not make up for the lack of government support,” he added.

“Together, the federal and state governments should make a new commitment to improving access to college and reducing the often prohibitive burdens debt places on so many students and families.

“There may be no better investment that we can make in the future of the American dream — and the promise of equal opportunity for all.”

Tags: DonatesEducationFeaturedHopkinsMicheal BlombergNew YorkStudentsUnited States
ShareTweetSend

Related Posts

Punjab School Timings, School Timings Ramadan, Punjab School Timings Ramadan
Education

Punjab Revises School Timings For Ramadan 2023

Mar 22, 2023
Islamabad School Timings, Islamabad School Timings in Ramadan, Ramadan 2023
Education

Islamabad Announces School Timings For Ramadan 2023

Mar 22, 2023
Ramadan 2023 Saudi Arabia, Ramadan 2023 UAE, Ramadan 2023 Moon
World

Ramadan 2023 in Saudi Arabia, UAE to Begin on March 23

Mar 21, 2023
Sindh School Timings Ramadan, Sindh School Timings, School Timings Ramadan, School Timings Ramadan 2023
Education

Sindh Announces School Timings for Ramadan 2023

Mar 22, 2023
Lance Reddick
Entertainment

John Wick Actor Lance Reddick Dies at Age 60

Mar 18, 2023
Dubai Schools, Dubai Online Classes, Ramadan
World

Dubai Schools to Hold Online Classes During Ramadan

Mar 17, 2023
Punjab University Spring Break, PU Spring Break
Education

Punjab University Announces Spring Break

Mar 16, 2023
UAE Ramadan Working Hours, UAE Working Hours, UAE Working Hours Ramadan 2023
World

UAE Reduces Working Hours For Private Sector During Ramadan 2023

Mar 13, 2023
Load More

Comments 1

  1. David David-Masih says:
    4 years ago

    Mr Bloomberg has done a great thing. I am reminded that I never had the opportunity to attend the university because I came from the lowest rung of the society. I, however, was able to sit for BA exam as a private student. I know that inside me a talented person who if had got impetus would have made great successes. I, however, am thankful to God that he has blessed me to be example for many.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • GBP to PKR – British Pound Rate in Pakistan Today – 28 March 2023
  • EUR to PKR – Euro Rate in Pakistan Today – 28 March 2023
  • KWD to PKR – Kuwaiti Dinar Rate in Pakistan Today – 28 March 2023
  • SAR to PKR – Saudi Riyal to Pakistani Rupee – 28 March 2023
  • USD to PKR – Dollar Rate in Pakistan Today – 28 March 2023
  • AED to PKR – Dirham Rate in Pakistan Today – 28 March 2023
  • Gold Rate in Dubai UAE Today – 28 March 2023
  • Gold Rate in Pakistan Today – 28 March 2023
  • Ufone 4G Launches WhatsApp Service for Hassle-Free Customer Experience
  • Spotify Announces Pakistan’s Tina Sani as the Ambassador of the Month

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.