Johns Hopkins Medical School will no longer charge tuition for a significant portion of its students, following a $1 billion donation from Michael Bloomberg. The billionaire philanthropist and former New York governor aims to tackle issues of accessibility and diversity within the health care field through the contribution.

The donation, made through Bloomberg Philanthropies, is set to benefit medical students whose families earn less than $300,000 annually. For those from families earning under $175,000, the support extends beyond tuition to cover living expenses and fees, effectively removing substantial financial barriers that often deter students from pursuing medical careers.

“By reducing the financial barriers to these essential fields, we can free more students to pursue careers they’re passionate about and enable them to serve more of the families and communities who need them the most,” Bloomberg said in a statement.

Johns Hopkins University affirmed that every dollar of the donation will directly support students, underscoring a commitment to equity and accessibility in medical training. This move follows a similar initiative earlier this year at Albert Einstein College of Medicine, where philanthropist Ruth Gottesman also donated $1 billion to ensure tuition-free education with a focus on diversity and inclusion.