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 College will be free for students whose families make $100,000 or less a year and tuition-free for students whose families make $200,000 or less annually, the University announced Monday.

For students whose family income is $100,000 or below, the new plan will cover even more expenses beyond tuition.