The voter-approved “Millionaire’s Tax” in Massachusetts will cover tuition for about 25,000 students at state universities and community colleges, Gov. Maura Healey announced Wednesday.
The surtax on those with an annual income over $1 million will add $62 million to the MASSGrant Plus program. The expanded program will pay for tuition and fees for Pell Grant-eligible students, as well as books and supply costs. Room and board is not covered under the program.
The majority of Pell Grant recipients usually have family incomes below $40,000. About one-third of University of Massachusetts students would qualify.
