The Univ. of Southern California announces plans to offer free tuition to students whose family income is less than $80,000 a year.
"We are committed to increasing USC’s population of innovators, leaders and creators regardless of their financial circumstances," Folt said."Investing in the talent and diversity of our student body is essential to our educational mission.”
Annual tuition at USC is $57,256 before factoring in additional costs such as student fees, housing, and books, . The school claims it offered an estimated $611 million in financial aid for the 2017-2018 academic year.the College BoardUSC plans to increase financial aid by more than $30 million annually, according to Thursday's announcement. The administration estimates that the increase in aid will help assist about one-third of students entering in the fall 2020 and spring 2021 semesters.
Trenton Stone, the school's undergraduate student president, said that the plan will help diversify the university's student body by making USC accessible to people from different socioeconomic backgrounds. “Financial barriers should not be a deal-breaker for students with the merit and motivation to attend a top-tier research university like USC,” Stone said.
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