Studying at Harvard has become more affordable for most American families. This Ivy League school (Ivy League) is drastically expanding the scope of scholarships. Undergraduate students with an annual income of less than 0.2 million US dollars will be exempted from tuition fees; undergraduate students with an annual household income of 0.1 million US dollars or less will be completely free. Families earning more than $0.2 million a year can also receive scholarships based on specific circumstances, such as the number of college children in the family and the size of household debt. Harvard University estimates that 86% of American households will be eligible for financial aid under this new system. Even so, the competition to study in these schools is still fierce. In the last admissions cycle, less than 4% of applicants to Harvard University were accepted.