<p>I have no idea what this means... They say somthing about no loans, but how much will it cover?</p>
<p>Congratulations,CityKnight06,on being awarded the coveted Bloomberg Award.It is a need based full tuition scholarship.Last years award amounted to $32,900 for the academic year and this year it will be worth more as tuition has gone up.It is given to you each year as long as the aid is still needed.You will probably qualify for a Pell Grant from the gov't which will help cover room and board.Neither has to be paid back.If your award includes work/study-that means you work approx.8 to 10 hrs a week and get paid(usually around $8.00 an hr) to cover estras.Once again,my congratulations!</p>
<p>I'm a Bloomberg Scholar, too! That hits me as such a great surprise! But somehow I still have about $1500 in loan per year - I guess I just have too much in need. I hope I can get more from the state of Maryland, but $1500 in loan per year is not that bad at all!
Congrats to you, CityKnight06!</p>
<p>Congratulations, thzxcyl, on also receiving the Bloomberg Scholarship!The total cost of attending Hopkins is approx.$45,000+ a yr.The school does expect its students or their families to contribute something to the cost.You will qualify for a no interest loan if your family cannot meet this amount.The payments won't begin until months after you graduate or you could work in the summer time and try to save this amount up so you won't have to borrow.In either case,you will be getting a sterling education from a prestigious university for a very paltry amount.By the way,the Bloomberg Scholarship,is given by Michael Bloomberg the Mayor of NYC,who is a Hopkins alumni.Good luck in your studies!</p>
<p>i think bloomberg can be a need based full tuition scholarship, but it doesn't have to be.</p>
<p>i got bloomberg too but i'm confused to what it really means. it says i don't have to take out loans. i get $9,000 per year so i still have to pay about $38,000...which i can't without pay without taking out loans.</p>
<p>I'm a Bloomberg Scholar too. Based on the letter, the amount seems to vary based on your financial need. Mine was worth about $20,300. It does not cover full tuition, but it covers your financial need based on the EFC from the FAFSA. Unfortunately, the FAFSA EFC is not always indicative of the true amount a family can pay.</p>
<p>Description from the Fin. Aid website:</p>
<p>"Bloomberg Scholarships were made possible through a generous gift from Michael Bloomberg, Hopkins alumnus (Engineering '64) and chairman of the Board of Trustees. Students who receive this highly competitive need-based scholarship will not be required to borrow. The scholarship is renewable for up to three additional years based on continued financial need."</p>
<p>This is a need-based scholarship -- and the total is based on each individual applicant's EFC.</p>
<p>AdmissionsDaniel: do you know how the scholarship works for JHU/Peabody DD students? We are expected to finish the requirements in no less than 5 years, but the Bloomberg scholarship is only for 4 years. Thanks!</p>
<p>Wow, you stumped me on that one. Sorry but I will have to refer you to the financial aid office -- give them a call next week at 410-516-8028 and speak with your aid counselor.</p>
<p>Bringing up this old thread:</p>
<p>What exactly does “highly competitive need-based” mean? Is it like a quasi-merit scholarship for people who have need? I guess I’m just slightly puzzled by the “highly competitive” part…</p>
<p>I have the same question. This thread is from a long time ago, but I’m still a bit confused about the bloomberg scholarship. And the scholarship still doesn’t cover my full efc needs. My efc is around $13,000, and I still have to pay $20,000 even with the scholarship. So is there anyway I can get more aid? My parents can barely pay the 13K efc, let alone the extra 7k.</p>
<p>i’m a bloomberg scholar too but that award did little to offset my expected contribution.</p>
<p>my financial aid was abysmal…and i really liked jhu. my parents basically crossed it out of my list.</p>
<p>i mean, i don’t get it. all my financial aid awards from competitive schools (like amherst and wellesley) gave me about the same financial aid award. for jhu, i am expected to pay a little over twice as much of my efc…it’s like jhu completely ignores the fafsa and the profile. lol…they have to know that with FA like this (in this economy), they will definitely take a big hit to their yield…</p>
<p>AdmissionsDaniel, is there any way for me to increase the aid from JHU? My parents are putting up a hard fight right about now (they don’t want me to attend JHU if another school is offering for considerably cheaper; they just can’t afford it). :(</p>
<p>Mine too. JHU was my top choice, but NU offered me more money so I’m looking there now. Did amherst and wellesley give you enough FA to match your EFC? Colleges this year all seems to tack a few more thousands unto my EFC.</p>
<p>my Bloomsburg doesn’t even meet my EFC calculated need. I guess JHU isn’t 100% need bc I have to pay more than my EFC, which is already too high! sigh</p>
<p>^^ I’m sorry, I meant Williams (not Amherst…I haven’t received any word on aid from Amherst, yet)</p>
<p>Well, my need for Williams was over my fafsa efc by about 200, which is forgivable, and Wellesley was under by 300, which is really perfect!</p>
<p>JHU came out of nowhere with a kapow! in my face. The welt still smarts…</p>
<p>Can anyone answer what exactly ‘highly competitive’ means in the context of this scholarship?</p>
<p>Pretty please?</p>
<p>I think they mean highly competitive not because we compete, but because there is only a select few who receive the scholarship.</p>