Financial Aid Initiative Expansion
announces tuition will be free for students from families earning $200,000 or less starting the 2025-26 academic year, aiming to make education more accessible.
Students from families earning $100,000 or less will have tuition, housing, food, health services, and other student services covered, furthering Harvard's commitment to inclusivity.
Historical Context and Financial Aid Impact
The income threshold for free schooling at Harvard has steadily increased, reflecting the university's evolving financial aid strategy to accommodate more students from diverse economic backgrounds.
Harvard's financial aid initiative, launched in 2004, has awarded over $3.6 billion in undergraduate financial aid, demonstrating the university's commitment to reducing the financial burden on students and their families.