Harvard University is giving free tuition for all students coming from families making $200,000 or less per year, the Ivy League school announced Monday.
That means about 86% of American families will qualify for the free ride to one of the world’s most elite universities, according to ABC News.
Average annual tuition for a Harvard student is $56,550, but with room, board and health services, it comes out to about $83,000.
And the deal gets sweeter for students from families making $100,000 or less: They will qualify for free housing, food and health services in addition to tuition being covered by the school.
“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,” said Harvard president Alan M. Garber in a statement.
“By bringing people of outstanding promise together to learn with and from one another, we truly realize the tremendous potential of the University,” he added.
