Yale offers free tuition for families earning under $200,000 annually

Yale University announced Tuesday that new undergraduate students from families with incomes under $200,000 per year will receive free tuition and will waive all tuition costs for students from families with incomes under $100,000 per year.

“This strategic investment is central to our mission to educate exceptional students from all backgrounds,” Provost Scott Strobel said in a statement. he said. “The benefits are clear as these talented students enrich the Yale campus and continue to serve their communities after graduation.”

The change will go into effect for students entering the institution this fall.

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The university had previously waived all expected costs, including housing and meal plans, for students from families earning less than $75,000 a year. But Yale said raising the limit to $100,000 would mean nearly half of American households with children ages 6 to 17 would have their full education expenses covered.

“I am thrilled that Yale is making this important investment in affordability,” said Jeremiah Quinlan, Dean of Undergraduate Admissions and Financial Aid. “With this announcement, we reiterate and strengthen Yale’s commitment to ensuring that cost is never a barrier between promising students and a Yale College education.”

Yale’s announcement comes after several prestigious universities, including Harvard University, the University of Pennsylvania and the Massachusetts Institute of Technology, have made similar moves in recent years.

Yale’s announcement comes after many prestigious universities have made similar moves in recent years. (Joe Buglewicz/Bloomberg via Getty Images)

Last fall, Harvard announced a nearly identical policy, while Penn announced it would eliminate tuition payments to families earning less than $200,000 a year.

Currently, 56% of Yale’s undergraduate class receives need-based aid, and 1,000 students qualify for a free degree. The average scholarship for all students receiving aid in the current academic year is more than the annual tuition fee.

“Yale makes a special effort to support students with the greatest financial need,” said Kari DiFonzo, Yale’s director of undergraduate financial aid. “Beyond generous financial aid offers, Yale provides students with extra grants to purchase winter clothing, pursue summer experiences abroad, and deal with unexpected financial challenges.”

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Yale said the average grant awarded to all students receiving aid in the current academic year is more than the annual tuition fee. (Erica Denhoff/Icon Sportswire via Getty Images)

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The total cost of attendance at Yale currently exceeds $90,000 for undergraduates.

“For more than 60 years, Yale has evaluated applicants without regard to their ability to pay and provided scholarship support to meet the full financial needs of families,” said Yale College Dean Pericles Lewis. he said. “This approach has been effective in attracting the most talented, ambitious and dynamic undergraduate students to Yale.”