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University Of Chicago To Pay Tuition For Families With Incomes Below $250,000
The school said the change will cover tuition for about 90% of U.S. households and add housing, meals and fees for lower-income families.
On Wednesday, the University of Chicago announced free tuition for undergraduate students from families earning less than $250,000 annually, beginning fall 2027.
University President Paul Alivisatos said the initiative reflects the school's belief that financial barriers should not prevent talented students from attending.
Nearly 90% of U.S. families will qualify under the new initiative, with free housing, meals, and fees provided for families earning less than $125,000.
As elite institutions increasingly adopt free tuition, the university aligns with Yale University, Columbia University, and Harvard University to address rising college costs.
Expanding undergraduate enrollment to around 9,000 students, the institution will continue providing over $225 million in annual financial aid as part of a "multiyear plan" announced by University Provost Katherine Baicker.