Overview
- Students from families earning up to $100,000 will have tuition, fees, room and board, and other living expenses covered.
- New aid levels begin for eligible current undergraduates in spring 2026 and for incoming students in the 2026–27 academic year.
- Families above $200,000 can still receive significant aid, with eligibility often extending beyond $250,000 when multiple children attend college.
- The university says the change simplifies financial aid and targets broader access for students from disadvantaged backgrounds, rural areas, and small towns.
- Leaders cite Michael Bloomberg’s 2018 $1.8 billion gift and $240 million from more than 1,200 recent donors, noting Pell-eligible enrollment rose from 15.4% to 24.1% since 2018.