Harvard undergraduate tuition will be free for students from families making $200,000 or less, starting next fall, the university announced Monday in its latest effort to provide an Ivy League education to those who might otherwise be priced out.

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

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,