ByMichael T. Nietzel,
Senior Contributor.
Yale University announced today that it was expanding its financial aid program and would, beginning next year, offer free tuition to entering undergraduates from families with annual incomes below $200,000 and cover all costs of attendance for those from families with incomes below $100,000.
Yale has offered need-based financial grants known as “zero parent share” awards since 2010. Those awards provide scholarships to eligible students that cover the full cost of all billed educational expenses, including tuition, housing, and Yale’s meal plan. They also pay for estimated travel costs, hospitalization insurance coverage, and a $2,000 start-up grant.
In 2020, Yale raised the income threshold for these scholarships from $65,000 to $75,000, making eligible over 15 million American families with school-aged children. Now, Yale is raising the eligibility level again.
