In a potentially life-changing announcement for families in Chicago and beyond, the University of Chicago said it will offer free tuition for students from families making less than $250,000 a year. For families making less than $125,000, students can also get free housing, meals, and other fees covered. This policy will start for undergrads in the fall of 2027. University leaders said they want to deepen their Commitment to affordability to make sure the brightest minds can join them.