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Students at its Homewood campus from families earning up to $200,000 annually can attend tuition-free under aid levels introduced in 2026. The expansion builds on Michael Bloomberg’s $1.8 billion donation in 2018, which made undergraduate admissions permanently need-blind and replaced loans with grants in financial aid packages. Families earning up to $100,000 qualify for additional assistance that covers tuition, fees, and living expenses, with no parent contribution required, according to the university. The changes took effect for eligible existing students in spring 2026 and incoming students in the 2026–27 academic year. The $200,000 income threshold covers households representing more than 85% of American families, according to Census data cited by the university. Students from families earning up to $200,000 receive tuition coverage, while those from families earning up to $100,000 also receive support for fees and living expenses. Johns Hopkins says it will continue meeting 100% of demonstrated financial need—the amount its assessment determines a family cannot afford. Most families earning up to $250,000 qualify for significant assistance, while some earning more may qualify, particularly if multiple children attend college simultaneously.
Johns Hopkins says the income thresholds are also intended to help families understand what they might pay before applying. “Trying to understand financial aid offers can be overwhelming,” said David Phillips, vice provost for admissions and financial aid. Johns Hopkins has expanded financial aid for eligible undergraduates. Johns Hopkins credits Bloomberg’s gift, subsequent donations, and endowment management for making the expansion possible. The policy applies to undergraduates at the Homewood campus, which houses the Krieger School of Arts and Sciences and the Whiting School of Engineering. Students must apply for financial aid through the university’s normal process to be considered. The assistance differs by income level. Families above the tuition-free threshold can still receive aid. Bloomberg’s gift allowed Johns Hopkins to make admissions decisions without considering an undergraduate applicant’s ability to pay and provide financial aid without requiring loans. “A big goal here is to simplify the process. We especially want to reach students and families from disadvantaged backgrounds, rural locations, and small towns across America who may not know that a Hopkins degree is within reach. You use AI every day. Now get your AI Quotient. Take the AIQ test.
The university says the proportion of incoming first-year students eligible for federal Pell Grants, a measure of enrolment among students with limited incomes, rose from 15.4% in 2018 to 24.1% in 2025. Nearly 1,200 other donors have contributed more than $240 million towards financial aid since 2018.
The university said funding for the expanded support will come from sources already dedicated to financial aid.