After the Supreme Court forbade the use of racial preferences in college admissions, Harvard announced on Monday that it would start offering free education to students whose families make$ 200, 000 or less. This would make it the most prestigious institution to offer financial aid.
Starting this fall, the program with the innovative income cover will take effect. Prior to Harvard, only people with wages under$ 85 000 were given free education. In the US, households make roughly$ 80,000 on average. The move could help boost the reputation of the school because the Trump administration is battling higher education and becoming less popular with students who have lost trust in higher education.
The University of Pennsylvania made a promise in November that it would provide free education to students from families earning under$ 200,000. In the last year, various universities have also raised their financial assistance caps. This class time, virtually$ 83, 000 was the average annual cost of attending Harvard, including tuition and housing.
Harvard said it will provide free tuition for students making up to$ 200,000 for those from families making less than$ 200,000, as well as free tuition for those attending events and activities and health insurance, if necessary, for those coming from families making less than$ 200,000.
