The University of Chicago will offer free tuition to undergraduate students from families earning less than $250,000 annually, doubling its current $125,000 policy. according to statementThe extended assistance will begin in autumn quarter 2027.
UChicago’s new $250,000 income limit is the highest among major private universities, surpassing recent moves by Harvard, MIT and the University of Pennsylvania, which set their limits at $200,000.
The shift reflects a growing race among the wealthiest schools to remove sticker price as a barrier for middle- and upper-middle-income families as the cost of private college has soared to more than $90,000 a year.
by numbers
- Households under $250,000 There will be no tuition (with normal assets).
- Households under $125,000 Will also receive free accommodation, meals and fees, covering the full cost of attendance.
- $225 million in annual undergraduate financial aid
- $75,000+ average aid package per student
What they are saying: “At a time when many families are unsure what the cost of college means to them, we have created this initiative to fundamentally expand and simplify our support for students.said James G. Nondorf, vice president of enrollment and student advancement and dean of college admissions and financial aid.
President Paul Elivisatos said the move “helps ensure that the brightest minds can join us.”
the fine print: Assistance is income-based but also includes family assets. Students will still need to complete the FAFSA and CSS Profile to qualify, and admission to UChicago remains highly selective – the college’s acceptance rate is around 5%.
And since wealth is still a factor, if your family is worth millions, having a low income alone won’t get you free tuition.
How it connects: UChicago joins a growing list of selective private schools that have quietly moved to a no-tuition model for income-qualified families.
College Investor’s ongoing list of tuition-free colleges now tracks Harvard (free tuition under $200,000, full cost under $100,000), MIT, University of Pennsylvania, Princeton, Stanford and others.
State programs are also expanding – Pitt recently launched free tuition for Pennsylvania families under $75,000. UChicago’s $250,000 limit is higher than any of those.
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