Feb 23, 2020, 2:22 PM
(from the Los Angeles Times) Aiming to widen access for more middle- and low-income students, the University of Southern California will eliminate tuition for families earning $80,000 or less annually and will no longer consider home equity in financial aid calculations, beginning fall 2020. The new policies, announced late last week, will place the private campus on par with the public University of California, long known as a national leader in generous financial aid policies and high numbers of low-income students. And while other elite private universities, such as Harvard and Stanford, provide tuition-free educations to families earning as much as $150,000 annually, their endowments are far larger. Eliminating home equity as a factor in financial aid calculations would make a significant difference for many Californians whose home values have skyrocketed over time but whose incomes have not increased at the same pace.
Listen to the latest episode of the Net Assets podcast.
