Former Mayor Bloomberg announced Sunday that he is donating a record gift to an academic institution — $1.8 billion to his alma mater, Johns Hopkins University.
Bloomberg said the boatload of money will ease the financial burden of low- and middle-income students at the prestigious Baltimore school by eliminating their need for loans.
“America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,” the three-term mayor and potential 2020 presidential candidate said in a statement. “Denying students entry to a college based on their ability to pay undermines equal opportunity.
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