Harvard University announced a "significant expansion of financial aid" on Monday to make tuition free for more students, even as the Ivy League institution said recently it is facing revenue concerns under the Trump administration.

Harvard announced today that it will make tuition free for students from families with annual incomes of $200,000 or less, beginning in the 2025-26 academic year.

Harvard University is eliminating tuition fees for students from families with incomes of $200,000 or less, attempting to broaden access to the school at a time when elite universities are under attack from the White House and lawmakers.