Harvard is the latest elite school to announce that families with incomes of $200,000 and under will not pay tuition as a way to bolster diversity.

The university plans to cover all costs for students from families earning under $100,000, and pay tuition fees for those with incomes under $200,000.

Harvard University announced Monday that it will no longer charge tuition to students from families that make less than $200,000 annually. The Ivy League university is the first among its peers to raise its maximum income to receive free tuition.