Stevens Institute to Cover Tuition for Lower-Income Students Starting Fall 2026

Beginning in fall 2026, Stevens Institute of Technology will offer full tuition coverage for undergraduate students whose families earn $75,000 or less per year. The initiative, known as The Stevens Investment, applies to first-time, first-year, full-time undergraduate U.S. citizens or permanent residents admitted to a degree program.

To qualify, eligible students must complete both the Free Application for Federal Student Aid (FAFSA) and the CSS Profile by the institution’s application deadlines. The program aims to increase access to higher education by removing financial barriers for students from lower-income households.

“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.”

Vice President for Enrollment Management Cindy Chin added, “The Stevens Investment represents years of strategic planning to ensure talented students can feel at home at Stevens. We are thrilled to have arrived at this milestone, and to be able to put a Stevens education within reach for more students.”

The new initiative complements existing aid offerings. For the incoming class of 2025, Stevens awarded over $38 million in institutional aid, with nearly 99.9% of students receiving some form of merit- or need-based support. In the 2024–2025 academic year, undergraduate students received more than $190 million in total financial aid from internal and external sources.

In April 2025, U.S. News & World Report ranked Stevens No. 9 nationally for return on investment 40 years after enrollment. The university has also introduced programs such as SUCCESS, a first-year student curriculum focused on life skills, and The Frontiers of Technology, a curriculum designed to expose students to emerging fields.