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Harvard Expands Financial Aid, Offering Free Tuition for Families Earning Up to $200,000

Starting in the 2025-2026 academic year, Harvard will cover all expenses for families earning $100,000 or less and make tuition free for those earning up to $200,000.

Harvard is making it a lot easier for some students to attend.
People walk through the gate on Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts.
A pedestrian walks through Harvard Yard at Harvard University, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts.

Overview

  • The new financial aid policy will enable approximately 86% of U.S. families to qualify for financial support at Harvard College.
  • Students from families earning $100,000 or less will have tuition, housing, food, health insurance, and travel costs fully covered, along with additional $2,000 grants in their first and junior years.
  • Families earning between $100,000 and $200,000 will receive free tuition, with additional aid available for billed expenses.
  • Harvard's financial aid budget for the 2025-2026 academic year is set at $275 million, funded by its $50 billion endowment.
  • The expansion builds on Harvard's decades-long financial aid initiatives and aligns with efforts to increase accessibility and diversity following the Supreme Court's 2023 affirmative action ruling.