The University of Chicago is set to accept more undergraduates as it confronts financial pressures, becoming one of several elite schools turning to larger freshman classes.

The University of Chicago will guarantee free tuition starting in the fall of 2027 for undergraduate students from families with annual income less than $250,000.

The university is the latest to waive tuition for families making under a certain threshold in an effort to make education at top-tier colleges more accessible to middle-class families.

The University of Chicago will cover the tuition, fees, housing and meals of students from families with incomes below $125,000 beginning fall of 2027.

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