Harvard Goes Tuition-Free for Families Earning Up to $200K in International Edition (English)

Harvard University has introduced a fresh financial assistance program, which will cover tuition costs for students whose families earn up to $200,000 per year, beginning with the 2025-26 academic term.

“Making Harvard financially accessible to a broader range of people expands the variety of backgrounds, experiences, and viewpoints that all our students come across, thereby promoting their intellectual and personal development,” stated Harvard University President Alan M. Garber.

By gathering exceptionally promising individuals to learn alongside and from each other, we fully harness the remarkable potential of the University.

The institution states that the updated policy will make approximately 86% of U.S. families eligible for financial assistance, underscoring Harvard’s ongoing commitment to enhancing accessibility in higher education.

The enhanced assistance will additionally include support for accommodation, meals, healthcare services, and various other student resources for undergraduate students coming from households with an yearly income of $100,000 or below.

Under the new proposal, students whose families earn $200,000 or less annually will be eligible for free tuition.

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Harvard’s website presently shows that undergraduate tuition costs $56,550 annually. When you add essential extra fees like accommodation, meals, and healthcare services, the overall yearly expense for attending the university amounts to $82,866.

Each year, the university admits roughly 24,600 undergraduate students from among about 54,000 applications for the incoming class like the one entering as part of the Class of 2028, with only around 3.59% being selected. Roughly half—specifically 55%—of these Harvard undergrads benefit from various forms of financial assistance. During the 2023–2024 school term, parents and guardians whose children received support contributed an average amount of $15,700 towards tuition costs.

“We understand that highly gifted students originate from various socioeconomic statuses and backgrounds, hailing from all states and across the world,” stated William R. Fitzsimmons, Dean of Admissions and Financial Aid for Harvard College, in an official announcement.

Our financial assistance is vital for guaranteeing that these students understand Harvard College is a place where they can actively contribute to and benefit from a dynamic academic environment enriched by their involvement.

Earlier, pupils whose families earned $85,000 or below were eligible for complimentary tuition, accommodation, and additional services. This income limit was progressively raised; it went up from $40,000 in 2004 to $60,000 in 2006, and eventually reached $85,000 by 2023.

As reported by ABC News, since 2004, Harvard University has provided over $3.6 billion in undergraduate financial assistance through the Harvard Financial Aid Initiative. In 2007, the institution phased out loans entirely, opting instead for grants as the primary form of aid and eliminating consideration of home equity in their financial evaluations.

“ Our team collaborates closely with every student to guarantee their complete involvement in the Harvard experience,” stated Jake Kaufman, who serves as Harvard’s director of financial aid.

The aim of the financial assistance program is to enable Harvard students to pursue their studies, training, research, creativity, and full participation in the Harvard experience without significant limitations.

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