"About 80 percent of American households have incomes under $200,000, according to the university's Tuesday announcement. For families who earn less than $100,000, Yale will now cover the full cost of attendance. Yale began covering the full cost of attendance for families making under $65,000 annually in 2010 through the university's "zero parent share" scholarship; the university raised the income threshold to $75,000 in 2020. Currently, over 1,000 students receive a zero parent share award."
""From my personal experience as a first-generation, low-income college student, I know that navigating financial aid can feel overwhelming," said Kari DiFonzo, director of undergraduate financial aid, in the announcement. "Determining a family's specific ability to contribute toward a college education can be complicated, but these new policies will make it easier for more families to quickly understand their cost.""
Yale University expanded its tuition-guarantee program to offer free tuition to all undergraduates from families with annual incomes below $200,000. Approximately 80 percent of American households fall below the $200,000 threshold. Families earning less than $100,000 will have the full cost of attendance covered. The university previously covered full costs for families under $65,000 beginning in 2010, raised that threshold to $75,000 in 2020, and currently awards the zero parent share to over 1,000 students. Several other universities have increased their tuition-guarantee thresholds, with a few reaching the $200,000 level.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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