Higher education opens doors for countless students and their families, promoting social mobility and creating new career opportunities. But for some families, the cost of tuition can make that path feel out of reach. This past fall, Stevens made a bold commitment to expanding access to a high-quality education for talented students with limited resources.

The university has launched The Stevens Investment, a plan to offer full tuition coverage to first-time, first-year, full-time undergraduate U.S. citizen or permanent resident students admitted to a degree program whose families earn $75,000 per year or less. Families must have typical assets and meet additional eligibility requirements.

The program will begin with this fall’s incoming class and applies to all undergraduate degree programs. Tuition is covered fully by non-repayable grants and scholarships, and students must live on campus for their first academic year.

“At Stevens, we recognize that exceptional students come from all backgrounds and economic circumstances,” said President Nariman Farvardin. “Our role as an institution is to identify that potential and work to remove barriers that might prevent these talented individuals from accessing the transformative education Stevens provides. This program reflects our longstanding commitment to fostering the next generation of leaders and innovators, regardless of their family’s financial situation.”

The Stevens Investment represents one element of a portfolio of financial aid resources designed to support students. For the incoming Class of 2025, Stevens awarded over $38 million in institutional aid, which includes transfer students, with nearly 99.9% of students receiving some form of institutional assistance (merit- and/or need-based). The undergraduate student population in the 2024–2025 academic year collectively received more than $190 million in financial aid from internal and external resources.

– Kara Panzer