"Penn is reaffirming its commitment to the core principle that a world-class education can be affordable to students from all backgrounds, not just those from lower-income backgrounds or those who are able to pay full price," Mark Dingfield, vice president for finance and treasurer, said in a statement Tuesday.
Brandeis launched the Brandeis Initiative yesterday as well, which will provide free tuition to students from families making $75,000 a year or less, and half-price tuition to those making between $75,000 and $200,000.
The university also plans to stop considering a family's primary home equity as an asset factored into financial aid calculations, another change likely to improve affordability for middle-class families specifically.
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