Article: EDITORIAL: A revolution in financial aid

Staff Editorial
University Wire
12-14-2007
(Harvard Crimson) (U-WIRE) CAMBRIDGE, Mass. -- Harvard University has once again vaulted ahead of its peers in eliminating socioeconomic barriers to attending college. This time, the University made three different improvements that totaled to a $22 million per year increase in Harvard College's financial aid budget. The headliner was a vast increase in aid to middle and upper-middle class students. But just as important are Harvard's termination of loan-based aid and the exclusion of home equity from aid calculations.

The new policy will limit annual tuition payments to no more than 10 percent of income for families making between $120,000 and ...

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