Harvard University has announced a major expansion of its financial aid program, significantly increasing support for middle-income families. Starting in the 2025-26 academic year, families earning up to $100,000 annually will have all billed expenses covered, while those earning up to $200,000 will receive full tuition assistance.

What Harvard can offer now

Under the new plan, students from families with incomes of $100,000 or less will have their tuition, housing, meals, health insurance, and travel expenses fully covered. To help with additional academic and personal costs, eligible students will also receive a $2,000 grant in their first year and another $2,000 grant before their final year.

Families earning between $100,000 and $200,000 will receive free tuition, with additional financial aid available to cover other costs based on individual circumstances.

Harvard estimates that this initiative will benefit approximately 86% of US households, furthering its commitment to affordability and diversity. The annual budget for financial aid is $275 million for the academic year 2025-26.

A continued commitment to affordability

Harvard has been increasing its financial aid offerings for 2 decades, initially launching the Harvard Financial Aid Initiative in 2004 to assist students from lower-income families. Over time, the income threshold for full aid has gradually increased, most recently reaching $85,000 in 2023 before this latest adjustment.

Financial aid is customized to meet each student's unique financial situation. Even families with incomes above $200,000 may qualify for some level of assistance. The university's financial aid office works closely with students and their families to determine the most suitable support options.

International students also can access Harvard's need-based financial aid program. The university evaluates international applicants using the same need-blind admissions policy as domestic students, ensuring that financial circumstances don't impact admission decisions.

What's next?

Harvard's expanded financial aid program reflects a long-term investment in making education more inclusive and reducing financial barriers for students. Despite potential economic uncertainties and shifting federal policies, the university remains committed to maintaining and growing its support systems.

Strategic financial planning, along with its substantial funding, allows Harvard to sustain these efforts and ensure students from all backgrounds can pursue their academic goals without financial constraints.