Yale University to offer free tuition to families who earn less than $200,000 a year
CBSN
Yale University said Tuesday it plans to offer free tuition to U.S. households with annual incomes of less than $200,000 starting this upcoming academic year. Edited by Alain Sherter In:
Yale University said Tuesday it plans to offer free tuition to U.S. households with annual incomes of less than $200,000 starting this upcoming academic year.
The Ivy League school, based in New Haven, Connecticut, said it would eliminate all costs for families making up to $100,000 and offer enough financial aid to meet or exceed tuition costs for households that earn up to $200,000.
In a statement to CBS News, Yale University provost Scott Strobel said the new policy aligns with the school's mission to "educate exceptional students from all backgrounds."
Of the roughly 6,800 undergraduate students at Yale, 1,000 currently attend tuition-free, while just over half qualify for need-based aid, according to Kari DiFonzo, director of undergraduate financial aid at Yale.
Without financial aid, Yale's annual undergraduate tuition could swell to $90,000, including the cost of food and housing, according to the school's website. The university has offered free tuition for families who make up to $75,000 since 2020.
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