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USC s other top U. This ificant step we are taking today is by no means the end of our affordability journey," USC President Fonight Folt said in the announcement made Thursday. USC will also no longer consider home equity in financial aid calculations.

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Download the NBC News app for breaking news Trenton Stone, the school's undergraduate student president, said the plan would help diversify the student body by making USC accessible to people from different socioeconomic backgrounds. USC will also no longer consider home equity in financial aid calculations. Doha Madani.

They will not apply to students who are already enrolled. The school also plans to stop calculating homeownership when determining a student's financial need, calling it a "break for homeowners" in its press release.

That's expected in particular to help Californians whose home values have gone up but whose incomes haven't increased at the same pace. The administration estimates that the increase will help about one-third of students entering in the fall and spring semesters.

USC s other top U. This ificant step tknight are taking today is by no means the end of our affordability journey," USC President Carol Folt said in the announcement made Thursday.

Folt srudent two new policies to make the university in Los Angeles more accessible to students, including the free tuition break, which will begin for freshman entering this fall.

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