Harvard University has announced an expansion of its financial aid program, offering free tuition to undergraduate students from families earning $200,000 or less.
Starting from the 2025-26 academic term, this change will expand the pool of students who can receive full scholarship to cover their tuition fees at the Ivy League institution.
Previously, Harvard covered tuition for students from families earning under $85,000 per year.
Under the new policy, those earning up to $100,000 will have all billed expenses covered, including tuition, housing, meals, health insurance, and travel.
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Additionally, eligible students will receive a $2,000 startup grant in their first year and a $2,000 launch grant in their junior year.
Harvard President Alan Garber expressed that extending financial aid would enable students to study in a varied educational setting, stating, “We aim to make sure that a student’s financial situation doesn’t hinder their ability to attend Harvard.
Harvard’s financial aid for students
Harvard started covering tuition fees in 2004 when the university introduced full coverage for lower-income students. Over the years, the income threshold for full financial aid has gradually increased, likely due to inflation.
Based on Harvard’s calculations, approximately 86% of American households could potentially receive financial aid under the new policy.
Besides Harvard, other prestigious institutions like MIT and the University of Pennsylvania have also rolled out initiatives of this kind in 2024. They extended tuition-free education to families with an annual income of less than $200,000.
Under the new policy, students who receive full tuition coverage are expected to handle their own expenses like textbooks and other course materials. Nevertheless, Harvard’s financial aid department has mentioned that extra funds might be accessible to help with these expenditures as well.
According to data from Harvard, approximately 55% of undergraduate students already receive some form of financial aid. With this expansion, the number of students qualifying for full tuition coverage is expected to increase, making Harvard more accessible to middle-class families.
The new financial aid policy will take effect for students enrolling in the fall of 2025.
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2025-03-18 20:05