Harvard Announces Free Tuition for Families Earning Under $200K

the staff of the Ridgewood blog

Ridgewood NJ, Harvard University has unveiled a major expansion in financial aid, making tuition free for students from families earning $200,000 or less annually. The initiative, set to begin in the 2025-26 academic year, aims to broaden access to one of the world’s most prestigious institutions.

What Harvard’s New Financial Aid Plan Covers

📌 Free Tuition for Families Earning $200,000 or Less
📌 Full Financial Coverage for Families Earning $100,000 or Less, including:
✔️ Tuition
✔️ Housing
✔️ Food
✔️ Health Insurance
✔️ Travel Costs

Additionally, students from families earning $100,000 or less will receive:
🔹 A $2,000 Start-Up Grant in their first year
🔹 A $2,000 Launch Grant in junior year to help with post-graduation transitions

Harvard’s Commitment to Financial Accessibility

Harvard’s financial aid expansion ensures that 86% of U.S. families now qualify for assistance. This is the latest enhancement since the Harvard Financial Aid Initiative launched in 2004, which has progressively increased coverage for tuition, food, and housing.

“By making Harvard accessible to a wider range of students, we’re fostering intellectual and personal growth through a diverse and talented student body,” said Harvard President Alan M. Garber.

Currently, 55% of undergraduates receive financial aid, with families paying an average of $15,700 for the 2023-24 year.

Harvard Joins Other Universities Expanding Aid

Harvard isn’t alone in expanding financial aid:
✅ MIT eliminated tuition for students from families earning under $200,000
✅ University of Texas System now offers free tuition for families making $100,000 or less

A Brighter Future for College Affordability

As student debt remains a national concern, initiatives like Harvard’s set a precedent for higher education affordability. This new policy ensures that talented students, regardless of financial background, can access world-class education.

Learn More & Apply

📍 For details on Harvard’s financial aid program, visit Harvard’s Financial Aid Office.
📍 Interested in applying? Check out Harvard’s admissions page here.

What do you think about Harvard’s new tuition policy? Share your thoughts in the comments!

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