The University of Chicago is joining other top universities in offering free tuition for undergraduate students whose families make under $250,000 a year, the school announced Wednesday as part of an initiative to make the college affordable for middle- and upper-middle-income families.
Starting in fall 2027, students whose families earn less than $250,000 per year will be able to attend tuition-free, and students whose families make less than $125,000 a year will also get free housing, meals and other fees waived. The offer is meant for families with “typical” assets, which can include modest savings and a home.
The cost of attendance at U. of C. for undergraduates is creeping toward $100,000 a year. This school year’s cost of tuition, housing and other fees totaled $98,300, up 3.5% from the previous year. Tuition alone was around $71,000…