(BALTIMORE,TIME) — Former New York City Mayor Michael Bloomberg announced Sunday he’s donating $1.8 billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students.

The Baltimore university said the contribution — the largest ever to any education institution in the U.S. — will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall. The university will instead offer scholarships that don’t have to be repaid.

University President Ronald Daniels said Bloomberg’s contribution will also let the institution permanently commit to “need-blind admissions,” or the principle of admitting the highest-achieving students, regardless of their ability to pay for their education.

“Hopkins has received a gift that is unprecedented and transformative,” he said in a statement, noting the prestigious school was founded in 1876 by a $7 million gift from Baltimore merchant Johns Hopkins that was, similarly, the largest gift of its kind at the time.

By way of comparison, the Bill & Melinda Gates Foundation launched the Gates Millennium Scholars program in 1999 with a $1 billion commitment over 20 years. The Chronicle of Higher Education listed it as the largest private donation to a higher-education institution in the U.S. earlier this month.

Bloomberg said he expects the money will allow Hopkins to offer more generous scholarships and ease the debt burden for graduates.

“America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,” he said in a statement. “Denying students entry to a college based on their ability to pay undermines equal opportunity.”

The 76-year-old founder of the global finances services and media company, Bloomberg L.P., is among the world’s richest people. He graduated from Hopkins in 1964, served as New York mayor from 2002 to 2013 and has for years weighed running for president — including in 2020.

有一位美國歷史分析家說得好:既然貧富不均是無可避免的宿命,那麼讓懂得資源平均分配的人富有,將是我們今後努力的方向。
貧富不均,或許是上帝設下的一個考驗、或是讓人領略人自己胡作非為後自作自受的一個窘境、還是人放任自己內心的貪欲報應,上帝看著,只是上帝不說罷了?不管如何,若從 '神愛世人' 的 '普遍性' 法理基礎來推演的話,'資源平均合理分配',換句話說,'用愛來分配資源',肯定是神所喜悅的事。進一步析論,那 '絕對基礎資源不於匱乏原則',好比是 '透過適當合理的努力而能確保食衣住行的不缺乏' 等主張,更應是神所認為重要的事嗎?關於這點,我還要想想,這說法似乎已經快要觸碰到托爾斯泰對聖經的理解了。今天先寫到這裡。

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