The university plans to cover all costs for students from families earning under $100,000, and pay tuition fees for those with incomes under $200,000.
Harvard is significantly expanding financial aid, providing full coverage for students from families earning less than $100,000 a year.
The move will allow students from about 86% of US households to qualify for financial aid from the Ivy League school starting from the 2025-26 academic year.
„By bringing people of outstanding promise together to learn with and from one another, we truly realize the tremendous potential of the University“, Harvard president Alan Garber said in a statement on Monday.
Under the new policy, students from families earning $100,000 or less will have all billed expenses covered, including tuition, housing, meals, health insurance, and travel. They will also receive a $2,000 startup grant in their first year and a $2,000 launch grant in their junior year.
