Overview
- Harvard's new financial aid policy will make tuition free for families earning up to $200,000 annually, benefiting about 86% of U.S. households.
- Students from families earning less than $100,000 will have all billed expenses covered, including tuition, housing, meals, health insurance, and travel costs.
- Eligible students with family incomes under $100,000 will also receive $2,000 grants in their first and junior years to assist with transition and post-graduation planning.
- The expanded aid program, which begins in the 2025-26 academic year, builds on Harvard's history of increasing affordability for middle- and lower-income families.
- This initiative comes as Harvard faces federal funding cuts and proposed taxes on its $53 billion endowment, prompting cost-saving measures like hiring freezes.