Harvard University is making college more affordable by expanding its financial aid program. Starting in the fall of 2025, students from families earning up to $200,000 per year will get free tuition. This is a big change from the previous limit of $85,000, allowing more middle-class students to attend without worrying about tuition costs.
Students from families earning less than $100,000 will receive even more support. In addition to free tuition, they will get full coverage for housing, meals, and other school expenses. They will also receive a $2,000 start-up grant to help with initial costs, plus extra funds for winter clothes and travel. This new policy is designed to make college life easier for students who might struggle financially.
Harvard’s decision follows similar actions taken by other top universities like MIT and the University of Pennsylvania, which have also increased financial aid. Rising tuition costs have made college harder to afford, so many schools are working to help students from all backgrounds get a quality education.
This change also comes at a time when Harvard is under pressure to improve diversity and accessibility. After the Supreme Court banned affirmative action, fewer Black students were admitted, raising concerns about fairness in college admissions. By making financial aid more generous, Harvard hopes to attract students from different backgrounds and create a more diverse student body.
Harvard has a massive $53 billion endowment, and this year alone, it is spending $275 million on financial aid. University President Alan M. Garber stressed that financial support is essential for building an inclusive and welcoming environment. With this expansion, Harvard is making a strong statement that money should not stop talented students from getting a great education.
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