Harvard University announced a "significant expansion of financial aid" on Monday to make tuition free for more students, even as the Ivy League institution said recently it is facing revenue concerns under the Trump administration.

Harvard University said on Monday it would make tuition free for undergraduate students from families earning less than $200,000 a year and would also cover health insurance, housing and other expenses for those earning less than $100,

Massachusetts-based Harvard University says its latest financial aid expansion will enable roughly 86% of American students from a middle-income background to qualify for financial aid.