Overview
- Students from families earning under $100,000 will have tuition, fees, and living expenses covered with a $0 parent contribution.
- The new aid takes effect for eligible current students in spring 2026 and for incoming students in the 2026–27 academic year.
- The guarantee applies to undergraduates at the Homewood campus, which includes the Krieger School of Arts and Sciences and the Whiting School of Engineering.
- University leaders say the expansion is funded by Bloomberg’s $1.8 billion 2018 gift plus roughly $240 million contributed by more than 1,200 donors in recent years.
- Most families with incomes up to $250,000 will still qualify for significant aid, and officials plan to simplify the process with targeted outreach to disadvantaged and rural applicants.