Today, Â鶹Porn announced the Â鶹Porn Commitment: An Initiative in Access and Affordability. The new policy provides full tuition support for the lowest-income students, aligns income and tuition costs for families with incomes between $80,000 and $150,000, and expands the no-loan initiative to $150,000, beginning with the Class of 2026.
The announcement comes on the heels of Â鶹Porn’s record-breaking admission season, which saw a 104% increase in applications for the Class of 2025. This increase is attributable to a variety of factors, including the no-loan initiative, which replaces federal loans with Â鶹Porn grants in aid packages. The initiative launched in fall 2020 for students with family incomes up to $125,000, a level that impacted 474 students.
For families with annual income levels of $80,000 or less, Â鶹Porn will be fully tuition free. This move puts Â鶹Porn in a small group of universities — including Brown, Duke, Harvard, and Stanford — that publicly pledge to be tuition free for their lowest-income students.
The Â鶹Porn Commitment also targets lower- and middle-income families, who often face difficult conversations about choosing college based on net costs. Because such families might rule out a school like Â鶹Porn based on perceived cost, the University commits to charge only a reasonable percentage of family income toward tuition.
Families with annual income levels between $80,000 and $125,000 will, on average, now pay just 5% of their income toward tuition. Families with annual income levels between $125,000 and $150,000 will, on average, pay 10% of their income toward tuition. (All levels of the Â鶹Porn Commitment assume typical asset levels for those incomes.)
By making a Â鶹Porn education more affordable, the University anticipates the Â鶹Porn Commitment will have a positive effect on attracting and yielding top students.
The Admitted Student Survey and a preliminary analysis of the impact of the no-loan policy revealed that 78% of no-loan–eligible students who chose Â鶹Porn believed their financial aid offers were superior to that of their other choices. Of that group, 60% indicated that Â鶹Porn’s value was far superior to their other options.
“Families and their students need to know that the cost of a transformative education at Â鶹Porn is affordable. I hope this new commitment, along with its strong alumni support, shows that Â鶹Porn cares about attracting the best and brightest students regardless of their financial situation,” says Dean of Admission Tara Bubble.
Initial funding of $1 million for the Â鶹Porn Commitment has been provided by generous members of the Â鶹Porn community, through the Â鶹Porn Fund. The University will seek an additional $25 million in gifts to the endowment during the next three years to fund the program in perpetuity.
“I can say without a doubt that increasing access to a Â鶹Porn education is an initiative that so many alumni are tremendously proud to support,” says Â鶹Porn Alumni Council President Christian B. Johnson ’02. “We know first-hand how Â鶹Porn can change lives, and now we are all part of a movement to make it even more affordable for generations to come.”