Michael Bloomberg gave Johns Hopkins University a $1.8 BILLION gift to ensure that every student will be considered for admissions based on their individual merit – not whether or not their parents can afford the $250,000 cost of a bachelor’s degree. Kudos to Bloomberg!
Did you know that if you check that box on a college application that states that you DON’T NEED FINANCIAL AID, your child will increase their odds of receiving an acceptance letter. Yup! Colleges DO consider whether or not you will be able to pay their tuition (or qualify for loans) during the application review process. And, this means that the rich get richer, and the poor remain poorer.
Bloomberg said, “America is at its best when we reward people based on the quality of their work, not the size of their pocketbook. Denying students entry to a college based on their ability to pay undermines equal opportunity. It perpetuates intergenerational poverty. And it strikes at the heart of the American dream: the idea that every person, from every community, has the chance to rise based on merit.”