Johns Hopkins University announced a sweeping financial aid change eliminating tuition, fees and living expenses for Homewood undergraduates from families earning less than $100,000 a year; families up to $200,000 will pay no tuition. The policy, to apply to current eligible students in spring 2026 and incoming students next fall, builds on prior financial‑aid investments tied to major philanthropy and increases Hopkins’s share of Pell‑eligible undergraduates. University leadership cited donor support and endowment growth as enablers of the initiative and framed it as a step to broaden socioeconomic access.