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The University of Southern California (USC) announced major changes to its financial aid program on Thursday. Starting with the incoming class of fall 2020, families with an annual income of $80,000 or less can attend the school tuition-free. The effort to expand access for an increased number of middle and low-income students also includes the removal of a policy that penalized homeowners. The university's president, Carol Folt, said in a statement that owning a home will no longer be counted in financial aid calculations. The new policies will be "phased in with each new entering class.". "Excited to announce two new initiatives that increase financial aid for our talented and hardworking students," Folt wrote on Twitter. Full story

21 February