Philadelphia ? The University of Pennsylvania said Thursday that it will pay tuition and room and board for students whose families earn less than $50,000 a year.

With the announcement, Penn joins a handful of other high-profile schools that have waived such fees in an effort to economically diversify their student populations.

The program follows through on Penn President Amy Gutmann’s pledge to make an Ivy League education more accessible, and also included financial aid to middle-income students.

A Penn undergraduate pays $32,364 in tuition and $9,402 in room and board per year.