University of Chicago will offer free tuition for undergraduate students whose families have an annual income of less than $250,000, the school announced Wednesday.
Starting with the university’s autumn quarter next fall, undergraduate students from families with an annual income less than $250,000 are eligible for free tuition and students from households that make less than $125,000 can also get free housing and meals from the school.
“The announcement is an affirmation of the University’s core belief that costs should not prevent a student from joining UChicago’s community of extraordinary scholars,” University of Chicago said in a statement on its website.
The newly announced financial aid is designed to not only make it easier to families to navigate their options by, but also to improve the predictability of financial support.
“At a time when many families are uncertain about what the cost of college means for them, we created this initiative to radically expand and simplify our support for students,” James G. Nondorf, Vice President for Enrollment and Student Advancement and Dean of College Admissions and Financial Aid said in a statement. “This initiative will increase predictability and allow students and their families to focus on what’s important: their love of learning, and preparation for meaningful and rewarding lives after graduation.”
