Michael Bloomberg donates US $ 1,800 million for poor students

Michael Bloomberg, former mayor of New York and billionaire. (Photo: Bloomberg)
Michael Bloomberg, former mayor of New York and billionaire. (Photo: Bloomberg)

The former mayor of New York, 76, said he wants others to have the same opportunities he had, regardless of their origin, in a letter of opinion published by the New York Times.

Billionaire Michael Bloomberg donated 1,800 million dollars to his alma mater, John Hopkins University, to provide financial aid to students of limited resources, informed the businessman today.

The former mayor of New York, 76, said he wants others to have the same opportunities he had, regardless of their origin, in a letter of opinion published by the New York Times.

“I want to open the same door of opportunities that I had for generations of talented students, regardless of their financial circumstances,” said the philanthropist, among the richest men in the United States.

In the extensive letter, he believes that no student should be denied access to a university “based on his family’s bank account.”

“That still happens all the time,” he said, noting that when universities review student applications, most consider their ability to pay and that as a result, young people from middle and low-income families are routinely rejected.

The seats in these universities are reserved for wealthy families, he also lamented in his letter, which says that this affects both the son of a farmer in Nebraska and the daughter of a working woman in Detroit.

He stressed that it is estimated that half of advantaged students of high school, of families of medium and low income, do not apply because they can not pay the cost of the university.

“Denying students access to college based on their ability to pay undermines equal opportunities, perpetuates poverty for generations and hits the heart of the American dream: the idea that every person, from every community, has the opportunity to grow based on its own merits, “said Bloomberg.

The entrepreneur recalled that because he had the opportunities he now wants to give others, on completing the first year of graduating from John Hopkins, he made his first donation to the university, which he has continued to do since then.

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