But he referred to the value of bringing a cross-section of people together.
“Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences and perspectives that all of our students encounter, fostering their intellectual and personal growth,” Dr. Garber said in the announcement. “By bringing people of outstanding promise together to learn with and from one another, we truly realize the tremendous potential of the university.”
The annual cost of attending Harvard, including tuition and housing, was almost $83,000 this school year. In addition to offering free tuition to students with family incomes up to $200,000, Harvard said that students from families that make under $100,000 will pay for practically nothing.
For those students, Harvard will cover tuition, fees, food, housing, travel costs between campus and home, event fees and activities, and health insurance, if needed. The university will also pay for “winter gear” to help students brace against harsh winters on Harvard’s Cambridge, Mass., campus, along with a $2,000 “start-up” grant.
Harvard’s announcement said that in addition to tuition, students from families making up to $200,000 could be eligible for extra financial aid, depending on their circumstances. The university also said that some students from families making more than $200,000 could be eligible for some forms of financial aid, depending on their family’s situation.
Harvard said it spent $275 million on financial aid this year, but did not have an estimate of how much its new plan will cost. Just over half of Harvard’s undergraduates received financial aid, the school said.
