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Article: Harvard Boosts Financial Aid
- Article from:
- AP Online
- Article date:
- December 10, 2007
- Author:
CopyrightCopyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Families earning well into six figures will see the cost of a Harvard education reduced by thousands of dollars per year under a major financial aid initiative announced Monday that is bound to draw attention far beyond the school's ivy-covered walls.
Harvard _ whose $34.9-billion endowment is the largest of any university _ already offered one of the most generous aid programs for low-income students of any private college, asking nothing from parents earning under $60,000.
But its announcement Monday, the latest of several recently by elite colleges concerning financial aid, reflects a shift toward making top schools more affordable to middle- and even upper-middle-class ...