Harvard University will eliminate tuition for families earning under $200,000 annually, starting in the 2025-2026 academic year. This initiative, impacting approximately 86% of US families, aims to increase accessibility and diversity on campus. For families earning less than $100,000, all expenses, including housing and healthcare, will be covered. The policy follows similar moves by other elite universities and comes amidst the Trump administration’s targeting of university funding tied to diversity, equity, and inclusion initiatives.
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Republican lawmakers are exploring drastic higher education cuts to fund Trump-era tax cuts. Proposed changes include taxing scholarships, eliminating income-driven student loan repayment plans like SAVE, and significantly raising taxes on university endowments. These measures, currently under consideration in House committees, are sparking widespread concern over their potential impact on college affordability and accessibility. Higher education advocates argue that these actions are ideologically driven rather than a response to a budget crisis.
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In a significant expansion of its financial aid program, MIT will eliminate tuition for students from families earning under $200,000 annually, starting in Fall 2025. This initiative also covers housing, dining, and other fees for families earning under $100,000, further encompassing book and personal expenses. This surpasses the current threshold of $140,000 for tuition waivers and $75,000 for fee waivers, reflecting MIT’s commitment to broadening access. Families earning above $200,000 remain eligible for need-based aid.
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I can’t help but feel a mixture of emotions when discussing the recent news regarding the Biden administration’s decision to forgive $1.2 billion in student debt for over 150,000 borrowers. On one hand, relief for those enrolled in the Saving on a Valuable Education (SAVE) plan who have been in repayment for a decade or longer and originally took out $12,000 or less is undoubtedly a step in the right direction. The idea that those who have diligently made payments for so many years deserve some form of respite from the burden of student loans is a sentiment that many can rally behind.… Continue reading
John Q. Hosedrinker