Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.
Undergraduates with family income below $200,000 can expect to attend MIT tuition-free starting in 2025
I note $200,000 is inside the top 15% for households, apparently top 20% for families with children.
So this is getting close to, if not into, the upper middle class, and I would go so far as to say there is really a type of price competition going on here for such students.
(forwards link to Rice Financial Aid Office with 9 million exclamation points)
Completely agree. For those of us in the $140k-$200k bracket, this is a gamechanger. When Colby announced a similar policy (family contribution capped at $20k for incomes <=$200k), I dug right into the research on that school for D26, which I was not doing for Bates and Bowdoin.
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