Harvard University on Monday announced that tuition will be free for students from families with annual incomes of $200,000 or less starting in the 2025-26 academic year.
"Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences, and perspectives that all of our students encounter, fostering their intellectual and personal growth," Harvard University President Alan M. Garber said in a statement. "By bringing people of outstanding promise together to learn with and from one another, we truly realize the tremendous potential of the University."
The new plan will enable about 86% of U.S. families to qualify for Harvard financial aid and expand the Ivy League college's commitment to providing all undergrads the resources they need to enroll and graduate, according to Garber.