On Oct. 6, Smith College pledged to provide free tuition for all students with families earning $150,000 or less annually in honor of Smith’s 150 years as an academic institution. The policy will go into effect in the fall of 2026.
As the cost of higher education rises across the country, and as recognized liberal arts schools become increasingly difficult to place into, the financial aid plan opens up opportunities for students to attend Smith. Private higher education is expensive, and small liberal arts colleges are often out of reach for many students from different socio-economic backgrounds worldwide. Many smaller institutions cost around or upwards of $60,000 a year in tuition. This barrier makes it harder for students from different economic backgrounds to pursue higher education and creates less economically diverse college communities. Smith College’s commitment to the 150th Pledge is a step forward in making its education more accessible.
Applying for financial aid at large institutions can be intimidating and confusing. Smith College generally works to meet 100% of demonstrated need with loan-free financial aid packages, and provides $1,000 startup grants for high-need incoming students.
Smith joins a small group of selective institutions that provide free tuition for families earning below a certain threshold, including Princeton, Stanford and Columbia, though Smith stands out as the only liberal arts school in that group. The college is making this promise while still providing loan-free aid for other needs. In a statement on behalf of college, Vice President of Enrollment Joanna May wrote, “We estimate that more than 75% of families in the United States will now qualify for free tuition under The Next 150 Pledge.”
The package is not comprehensive of all student expenses. Housing and residential life costs at Smith are still substantial, with a sticker price of $23,360. Smith reduces housing costs through Residential Life Student Staff. One student, speaking anonymously, said, “The 150 Free plan sounds exciting, but I worry that it may be used as an excuse to lower my financial aid next year because it does not include food or housing.”
Another student said, “Overall, I appreciate Smith’s compassion towards students with lower economic abilities and Smith’s willingness to provide financial aid.”
