Spending & Earning
Harvard Is Going Tuition-Free for Families Making Up to $200,000
- Penn, MIT recently announced similar programs to boost access
- Financial aid expansion comes as elite colleges face pressure
Dunster House on the Harvard University campus in Cambridge, Massachusetts.
Photographer: Mel Musto/BloombergThis article is for subscribers only.
Harvard University is eliminating tuition fees for students from families with incomes of $200,000 or less, attempting to broaden access to the school at a time when elite universities are under attack from the White House and lawmakers.
The expansion of financial aid at Harvard, the oldest and richest US college, means the school will be free for families making $100,000 or less, with food and housing also covered. Students that meet the $200,000 threshold won’t pay tuition, according to a statement Monday.