Harvard University announced that undergraduate tuition will be free for students from families earning $200,000 or less annually, and completely free for families earning $100,000 or less, covering tuition, food, housing, health insurance, and travel costs starting in the 2025-26 academic year. This expansion of financial aid aims to make Harvard more affordable and accessible to a wider range of students. The aid expansion will allow approximately 86% of U.S. families to qualify for financial aid at Harvard College.
Since the launch of the Harvard Financial Aid Initiative in 2004, the university has expanded its financial aid program four times, with 55% of undergraduates currently receiving financial aid and paying an average of $15,700 for the 2023-24 academic year. Harvard’s aim is to create a more diverse student body by making the university accessible to students from various backgrounds and perspectives, fostering intellectual and personal growth.
Other universities, such as the University of Texas System and the Massachusetts Institute of Technology, have also expanded their financial aid programs to accommodate lower and middle-class families. Harvard’s decision to make education more affordable for families of varying incomes is part of a broader trend among prestigious institutions to make higher education more accessible and inclusive.
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