Harvard University said on Monday it would make tuition free for undergraduate students from families earning less than $200,000 a year and would also cover health insurance, housing and other expenses for those earning less than $100,

Massachusetts-based Harvard University says its latest financial aid expansion will enable roughly 86% of American students from a middle-income background to qualify for financial aid.

Harvard University just made a major move that will benefit many of its lower-income students and prospects.