Davidson College announced a new cost structure that would make tuition free for families earning up to $175,000, with additional tiers of low-cost tuition for higher income bands. The policy applies to students entering in fall 2027, while established students will continue under current financial aid terms. The cost levels are tied to adjusted gross income, including real estate and stocks. The change signals an effort to narrow sticker-price barriers while maintaining a structured approach to discounting across income levels. For prospective students and families, the announcement provides a clearer affordability pathway for enrolling in 2027 and later, with the policy designed to replace a more complex aid calculation for new entrants.