Harvard University announced on Monday (March 17) that undergraduate tuition fees would be waived for students from families with annual incomes of $200,000 or less. This move aims to make education at this prestigious institution more affordable for a broader range of students.
In addition, Harvard University declared on its official website that it would provide fully funded educational opportunities for students from families with annual incomes of $100,000 or less, including covering all tuition fees, dining, accommodation, health insurance, and travel expenses.
According to the statement, the expanded scope of the financial aid program will take effect starting in the 2025-26 academic year.
Harvard University President Alan M. Garber stated during a press conference, “Making it economically feasible for more people to attend Harvard broadens the range of backgrounds, experiences, and perspectives students can encounter, fostering their intellectual and personal growth. By bringing together individuals with outstanding potential to learn from each other, we can truly tap into the immense potential of the university.”
This new aid expansion is expected to make approximately 86% of American families eligible for financial assistance from Harvard College.
Under the expanded aid program, students from families with annual incomes of $100,000 or less will receive a $2,000 start-up grant in their first year and a $2,000 sailing grant in their third year to help them through the transitions of joining and leaving Harvard.
Meanwhile, students from families with annual incomes of $200,000 or less will not only enjoy tuition-free education but also receive additional financial assistance for miscellaneous expenses.
Since the initiation of the financial aid program in 2004, Harvard University has expanded its funding coverage four times, including tuition, dining, and accommodation expenses. Currently, 55% of undergraduates are receiving financial aid, with their families paying an average of only $15,700 in the 2023-24 academic year.
William R. Fitzsimmons, Harvard College’s Dean of Admissions and Financial Aid, noted in the statement, “We know that talented students come from different communities, economic backgrounds, and experiences, representing various states and locations worldwide. Our financial aid ensures these students understand that Harvard is a vibrant learning community of which they can be a part. Their presence and participation are essential in strengthening this community.”
Other universities in the United States are also expanding their financial aid programs to assist students from low-income and middle-class families in gaining access to higher education.
In November 2024, the University of Texas announced the expansion of its free tuition program for low-income families, benefiting all families with annual incomes of $100,000 or less. Additionally, in 2024, the Massachusetts Institute of Technology announced the waiver of tuition fees for undergraduate students from families with incomes below $200,000.