ByMichael T. Nietzel,
Senior Contributor.
The University of Chicago announced Wednesday that it will guarantee free tuition starting in the fall of 2027 for undergraduate students from families with annual income less than $250,000 (assuming typical assets). As part of its expanded aid, the university will provide free tuition plus it will cover the costs of housing, meals and other fees for students from families with income less than $125,000.
The new financial aid commitment represents a significant expansion of the university’s previous guarantee that it would provide free tuition for students from families with annual earnings less than $125,000 and offer free tuition plus mandatory fees, room, and board for those from families earning less than $60,000 per year.
“The University of Chicago is proud to sponsor a learning environment characterized by intellectual curiosity, ambition, and rigor, to shape the next generation of great thinkers whose ideas will benefit the American people and the broader world,” said University of Chicago President Paul Alivisatos, in a press release. “By deepening our commitment to affordability, we are helping to ensure that the brightest minds can join us.”
