Garber said the plan also means students whose families make less than $100,000 will pay nothing, meaning their tuition as well as other expenses like food and housing will be covered. As a result, the university estimates that going forward nearly 90% of families in the United States whose children are accepted will qualify for some form of financial aid.
"Harvard has long sought to open our doors to the most talented students, no matter their financial circumstances,” Hopi Hoekstra, the Edgerley Family Dean of the Faculty of Arts and Sciences, said. “This investment in financial aid aims to make a Harvard College education possible for every admitted student, so they can pursue their academic passions and positively impact our future.”
The announcement is the latest from an elite higher education institution offering tuition breaks and comes as the rising cost of higher education has some questioning whether college is worth the price.