Straws in the Wind - Part 469

From Wellesley College: Wellesley College today announced that it will guarantee a tuition-free education to U.S. students whose families have a total annual income of $200,000 or less with typical assets. Wellesley is the first women’s college—and only the second liberal arts college in the nation—to guarantee free tuition at the $200,000 level. The Wellesley Tuition Promise will apply automatically to all first-year and transfer students who are admitted to Wellesley, as well as returning students, beginning in fall 2027...

Nationally, 85% of all families in the U.S. earn less than $200,000 per year. Today, approximately 80% of Wellesley’s financial aid program is supported by the College’s endowment. Recent changes to college endowment tax rules are contributing to increased funding for financial aid, including the Wellesley Tuition Promise...

Full news release at https://www.wellesley.edu/news/wellesley-free-tuition-income-200k-or-less-fall-2027.