HUBBARDVILLE, Maryland — John Hopkins University has announced it will be the largest recipient of federal aid in the nation for 2020, with the largest share of federal funds available to any single institution in the country.
More than a quarter of the $2.4 billion in federal money is going to the school, with about $600 million in federal matching funds.
In a statement, Hopkins said it will spend $2 billion in state aid, more than any other college.
The announcement comes as the nation’s top universities struggle to attract more and more students from the country’s widening class gap.
“The impact of this announcement is both profound and deeply disturbing,” said Robert N. Meeks, president of the National Association of College and University Business Officers, in a statement.
Meeks added that Hopkins was the first institution to announce a major increase in funding, with its 2020 allocation expected to top $2,500,000.
For Hopkins, which has about 1,600 students, the increase is an immediate boost for students.
This year, the school announced a goal of about 20,000 students in the fall.
Students will begin classes this spring, and the new admissions program will be rolled out in the spring of 2021.
According to a statement by Hopkins, its 2020 enrollment will be a record 5,933.
That includes about 1.4 million students who were admitted through the new program, and 2.7 million who were awarded full-tuition scholarships.
Johns Hopkins is expected to take in more than $1 billion this year, a number that has risen by more than a third over the past two years.
While the number of students coming to the university is expected be relatively low this year due to the large enrollment increase, the university has been trying to attract students for several years, especially from the nation with its growing class gap and high unemployment.
A recent report from the Congressional Budget Office estimated that Hopkins’ overall student body this year would be less than half that of the average school.
Its enrollment has also fallen significantly in recent years.